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REGISTERED NUMBER: 10465471 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIH PROPERTY MANAGEMENT LIMITED

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIH PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms S J Fisher





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 10465471 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 70,171 76,014

CURRENT ASSETS
Debtors 5 153,554 62,015
Cash at bank and in hand 280,750 250,845
434,304 312,860
CREDITORS
Amounts falling due within one year 6 (245,473 ) (139,155 )
NET CURRENT ASSETS 188,831 173,705
TOTAL ASSETS LESS CURRENT LIABILITIES 259,002 249,719

CREDITORS
Amounts falling due after more than one
year

7

(49,790

)

(67,986

)

PROVISIONS FOR LIABILITIES 10 (14,385 ) (19,004 )
NET ASSETS 194,827 162,729

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings 192,827 160,729
SHAREHOLDERS' FUNDS 194,827 162,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





Ms S J Fisher - Director


MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

MIH Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Fixtures and fittings- 25% on reducing balance
Computer equipment- 25% on reducing balance
Motor vehicle- 25% on reducing balance
Improvement to property- over the life of the lease

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 24 ) .

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 5,958 63,344 43,985 113,287
Additions 14,957 - - (124 ) 14,833
At 31 March 2024 14,957 5,958 63,344 43,861 128,120
DEPRECIATION
At 1 April 2023 - 4,284 5,279 27,710 37,273
Charge for year 1,496 418 14,516 4,246 20,676
At 31 March 2024 1,496 4,702 19,795 31,956 57,949
NET BOOK VALUE
At 31 March 2024 13,461 1,256 43,549 11,905 70,171
At 31 March 2023 - 1,674 58,065 16,275 76,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 71,773 43,624
Other debtors 81,781 18,391
153,554 62,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,648 10,000
Hire purchase contracts (see note 9) 10,179 10,179
Trade creditors 19,473 17,105
Taxation and social security 196,173 85,050
Other creditors 9,000 16,821
245,473 139,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 11,759 22,355
Hire purchase contracts (see note 9) 38,031 45,631
49,790 67,986

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,111 12,355

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 10,179 10,179
Between one and five years 38,031 45,631
48,210 55,810

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 38,921 -
Between one and five years 350,294 -
389,215 -

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 14,385 19,004

MIH PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 10465471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 19,004
Credit to Income Statement during year (4,619 )
Balance at 31 March 2024 14,385

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,000 Ordinary £1 2,000 2,000