MPC PROPERTIES (N.I.) LIMITED

Company Registration Number:
NI656224 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MPC PROPERTIES (N.I.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

MPC PROPERTIES (N.I.) LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,250,000 1,570,700
Total fixed assets: 2,250,000 1,570,700
Current assets
Debtors:   29,671 47,637
Cash at bank and in hand: 47,444 45,307
Total current assets: 77,115 92,944
Creditors: amounts falling due within one year: 4 (123,635) (121,457)
Net current assets (liabilities): (46,520) (28,513)
Total assets less current liabilities: 2,203,480 1,542,187
Creditors: amounts falling due after more than one year:   (1,152,665) (1,180,075)
Total net assets (liabilities): 1,050,815 362,112
Capital and reserves
Called up share capital: 300 300
Revaluation reserve:5913,234233,934
Profit and loss account: 137,281 127,878
Shareholders funds: 1,050,815 362,112

The notes form part of these financial statements

MPC PROPERTIES (N.I.) LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 March 2025
and signed on behalf of the board by:

Name: Mr Leo Callow
Status: Director

The notes form part of these financial statements

MPC PROPERTIES (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MPC PROPERTIES (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

MPC PROPERTIES (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 1,570,700
Revaluations 679,300
At 31 October 2024 2,250,000
Net book value
At 31 October 2024 2,250,000
At 31 October 2023 1,570,700

The investment property was revalued by the directors during the year ended 31 October 2024. This valuation was prepared by a professional body. The directors believe that £2,250,000 is still a fair value at the yearend.

MPC PROPERTIES (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

Santander UK PLC hold a fixed charge over Sinclair House, 89-101 Royal Avenue, Belfast and a floating charge over all the property or undertaking of the company.

MPC PROPERTIES (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Revaluation reserve

2024
£
Balance at 01 November 2023 233,934
Surplus or deficit after revaluation 679,300
Balance at 31 October 2024 913,234