IRIS Accounts Production v24.3.2.46 04401437 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044014372023-08-31044014372024-08-31044014372023-09-012024-08-31044014372022-08-31044014372022-09-012023-08-31044014372023-08-3104401437ns15:EnglandWales2023-09-012024-08-3104401437ns14:PoundSterling2023-09-012024-08-3104401437ns10:Director12023-09-012024-08-3104401437ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104401437ns10:SmallEntities2023-09-012024-08-3104401437ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104401437ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104401437ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104401437ns10:FullAccounts2023-09-012024-08-3104401437ns10:OrdinaryShareClass12023-09-012024-08-3104401437ns10:Director22023-09-012024-08-3104401437ns10:CompanySecretary12023-09-012024-08-3104401437ns10:RegisteredOffice2023-09-012024-08-3104401437ns5:CurrentFinancialInstruments2024-08-3104401437ns5:CurrentFinancialInstruments2023-08-3104401437ns5:Non-currentFinancialInstruments2024-08-3104401437ns5:Non-currentFinancialInstruments2023-08-3104401437ns5:ShareCapital2024-08-3104401437ns5:ShareCapital2023-08-3104401437ns5:SharePremium2024-08-3104401437ns5:SharePremium2023-08-3104401437ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3104401437ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3104401437ns5:RetainedEarningsAccumulatedLosses2024-08-3104401437ns5:RetainedEarningsAccumulatedLosses2023-08-3104401437ns5:PlantMachinery2023-09-012024-08-3104401437ns5:PlantMachinery2024-08-3104401437ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3104401437ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3104401437ns5:AfterOneYear2024-08-3104401437ns5:AfterOneYear2023-08-3104401437ns5:Secured2024-08-3104401437ns5:Secured2023-08-3104401437ns5:DeferredTaxation2023-08-3104401437ns5:DeferredTaxation2023-09-012024-08-3104401437ns5:DeferredTaxation2024-08-3104401437ns10:OrdinaryShareClass12024-08-3104401437ns5:RetainedEarningsAccumulatedLosses2023-08-3104401437ns5:SharePremium2023-08-3104401437ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3104401437ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 04401437 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

MPH Estates Limited

MPH Estates Limited (Registered number: 04401437)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPH Estates Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: F Christodoulou
Mrs T Christodoulou





SECRETARY: F Christodoulou





REGISTERED OFFICE: 66 Lancaster Avenue
Hadley Wood
Barnet
Hertfordshire
EN4 0EU





BUSINESS ADDRESS: 11-19 Grange Lane
Leicester
Leicestershire
LE2 7EE





REGISTERED NUMBER: 04401437 (England and Wales)





ACCOUNTANTS: Tollingtons Accountants Limited
Chartered Certified Accountants
11 Ashton Drive
Enderby
Leicestershire
LE19 4BA

MPH Estates Limited (Registered number: 04401437)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 821 -
Investment property 5 6,200,000 10,670,000
6,200,821 10,670,000

CURRENT ASSETS
Cash at bank and in hand 8,332 8,981

CREDITORS
Amounts falling due within one year 6 409,513 645,251
NET CURRENT LIABILITIES (401,181 ) (636,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,799,640

10,033,730

CREDITORS
Amounts falling due after more than one
year

7

(325,000

)

(4,520,000

)

PROVISIONS FOR LIABILITIES 9 (282,587 ) (311,773 )
NET ASSETS 5,192,053 5,201,957

CAPITAL AND RESERVES
Called up share capital 10 4,200 4,200
Share premium 11 329,400 329,400
Fair value reserve 11 2,198,955 2,395,556
Retained earnings 11 2,659,498 2,472,801
SHAREHOLDERS' FUNDS 5,192,053 5,201,957

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

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

The directors acknowledge their 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.

MPH Estates Limited (Registered number: 04401437)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





F Christodoulou - Director


MPH Estates Limited (Registered number: 04401437)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MPH Estates 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MPH Estates Limited (Registered number: 04401437)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 966
At 31 August 2024 966
DEPRECIATION
Charge for year 145
At 31 August 2024 145
NET BOOK VALUE
At 31 August 2024 821

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 10,670,000
Additions 202,708
Disposals (4,671,800 )
Impairments (908 )
At 31 August 2024 6,200,000
NET BOOK VALUE
At 31 August 2024 6,200,000
At 31 August 2023 10,670,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 1,971,166
Valuation in 2018 1,280,000
Valuation in 2021 (500,000 )
Valuation in 2023 (268,715 )
Valuation in 2024 (908 )
Cost 3,718,457
6,200,000

If the sole investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 3,718,457 7,962,671

The sole investment property was valued on an estimated net yield basis on 26 February 2025 by the director, F Christodoulou .

MPH Estates Limited (Registered number: 04401437)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

The directors are of the opinion that the current value of the remaining investment property is £6,200,000. This value is less than the previous valuations as detailed below, hence the reduction in the fair value of the investment properties in the 2021, 2023 and 2024 accounts.

Previously Kingfisher Court was valued on an open market basis by CBRE Limited at £6,400,000 on 8 November 2018.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 200,000
Trade creditors 333,013 257,108
Tax 73,586 98,871
Accrued expenses 2,914 89,272
409,513 645,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 300,000 4,230,000
Shareholder loans 25,000 290,000
325,000 4,520,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 300,000 4,430,000

National Westminster Bank PLC hold a debenture and legal mortgage and charge over the assets of the company as security for the bank loans.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax on investment property gain 282,587 311,773

Deferred
tax
£   
Balance at 1 September 2023 311,773
Credit to Income Statement during year (29,186 )
Balance at 31 August 2024 282,587

MPH Estates Limited (Registered number: 04401437)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
4,200 Ordinary £1 4,200 4,200

11. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 September 2023 2,472,801 329,400 2,395,556 5,197,757
Profit for the year 86,696 86,696
Dividends (96,600 ) (96,600 )
Fair value reserve transfer 196,601 - (196,601 ) -
At 31 August 2024 2,659,498 329,400 2,198,955 5,187,853