Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11890955 Mr Atif Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11890955 2023-03-31 11890955 2024-03-31 11890955 2023-04-01 2024-03-31 11890955 frs-core:CurrentFinancialInstruments 2024-03-31 11890955 frs-core:Non-currentFinancialInstruments 2024-03-31 11890955 frs-core:ShareCapital 2024-03-31 11890955 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11890955 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11890955 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11890955 frs-bus:SmallEntities 2023-04-01 2024-03-31 11890955 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11890955 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11890955 frs-bus:Director1 2023-04-01 2024-03-31 11890955 frs-countries:EnglandWales 2023-04-01 2024-03-31 11890955 2022-03-31 11890955 2023-03-31 11890955 2022-04-01 2023-03-31 11890955 frs-core:CurrentFinancialInstruments 2023-03-31 11890955 frs-core:Non-currentFinancialInstruments 2023-03-31 11890955 frs-core:ShareCapital 2023-03-31 11890955 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11890955
Property Group Mcr Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bennett Verby Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11890955
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 535,523 59,195
Debtors 5 448,899 414,934
Cash at bank and in hand - 1,635
984,422 475,764
Creditors: Amounts Falling Due Within One Year 6 (623,442 ) (447,614 )
NET CURRENT ASSETS (LIABILITIES) 360,980 28,150
TOTAL ASSETS LESS CURRENT LIABILITIES 360,980 28,150
Creditors: Amounts Falling Due After More Than One Year 7 (384,729 ) (40,492 )
NET LIABILITIES (23,749 ) (12,342 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (23,849 ) (12,442 )
SHAREHOLDERS' FUNDS (23,749) (12,342)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Atif Malik
Director
10 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Property Group Mcr Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11890955 . The registered office is Prospect House, Featherstall Road South, Oldham, OL9 6HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Stock 535,523 59,195
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 448,899 414,934
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,999 -
Bank loans and overdrafts 4,961 4,961
Amounts owed to group undertakings 384,296 276,469
Other creditors 227,310 164,308
Taxation and social security 1,876 1,876
623,442 447,614
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,006 40,492
Other loans 346,723 -
384,729 40,492
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in other debtors are the following balances due from Individuals or companies that either have a business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik sole shareholder and Director of Property Group Mcr Ltd.
Last Seconds UK Ltd owed £89,574 (2023: £103,565) during the year.
A&S MCR Ltd owed £144,727025 (2023: £145,525) during the year.
Portfolio Lets Ltd owed £9,600 (2023: £9,600) during the year.
Matex International Ltd owed £14,000 (2023: £14,000) during the year.
City UK Properties Ltd owed £Nil (2023: £1,500) during the year.
Napier Court Investment Ltd owed £59,903 (2023: £59,903) during the year.
Alex Hunt Estates Sales Ltd owed £1,340 (2023: £1,700) during the year.
My UK Management Ltd owed £400 (2023: Nil) during the year.
Value Developments Ltd £2,500 (2023:£2,500) during the year.
Atlantic Property Ltd £37,540 (2023:£37,500) during the year.
Conceptual Developments Ltd £38,000 (2023: Nil) during the year.
Grecian Mill Ltd £200 (2023:£200) during the year.
AJ Estates Ribchester Limited £45,500 (2023:£Nil) during the year.
Nortwest Securities Limited £7,060 (2023:£Nil) during the year. 
Northwest Property Manchester Limited £6.255 (2023: Nil) during the year. 
Included in other creditors are the following balances owed to Individuals or companies that either have a business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik sole shareholder and Director of Property Group Mcr Ltd.
Retailer UK Ltd was owed £60,000 (2023: £60,000) during the year.
UK Investment PVT Ltd £120,000 was owed (2023: £120,000) during the year.
Northwest Securities Ltd was owed £Nil (2023: £7,500) during the year.
Unicorn Securities was owed £113,216 (2023: £59,000) during the year. 
Portfolio Lets UK Limited £37,280 (2023: £29,969) during the year. 
AMS Car leasing Limited £5,000 (£2023: Nil) during the year. 
City UK Properties Limited £10,300 (2023: Nil) during the year. 
Springbok Properties Limited £5,500 (2023: Nil) during the year. 
BMI Project (UK) Limited £500 (2023: £Nil) during the year. 
H2Homes Lettings and property Services £32,500 (2023; Nil) during the year. 
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