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REGISTERED NUMBER: 02751554 (England and Wales)















MGR PROPERTY MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MGR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02751554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MGR PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: B A Ursell
Mrs P Francis





SECRETARY: Mrs A C Ursell





REGISTERED OFFICE: 1A The Crescent
Hartford
Northwich
Cheshire
CW8 1QS





REGISTERED NUMBER: 02751554 (England and Wales)






MGR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02751554)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,000 24,000

CURRENT ASSETS
Cash at bank 1,472 1,360

CREDITORS
Amounts falling due within one year 5 1,105 993
NET CURRENT ASSETS 367 367
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,367

24,367

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 12,560 12,560
Profit and loss reserve 11,707 11,707
SHAREHOLDERS' FUNDS 24,367 24,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 21 March 2025 and were signed on its behalf by:





B A Ursell - Director


MGR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02751554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

MGR 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.

The presentation currency of the financial statements is the Pound Sterling (£)

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.

Turnover
Turnover represents the amount receivable for goods and services provided during the year, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Computer equipment - 33% on cost

In accordance with the FRS102:
(i) investment properties are revalued with sufficient regularity to ensure the carrying value does not differ materially from the fair value at the end of the reporting period:
(ii) no depreciation is provided in respect of investment properties.

The directors consider that this accounting policy results in the accounts giving a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 2 (2023 - 2 ) .

MGR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02751554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 24,000 400 24,400
DEPRECIATION
At 1 July 2023
and 30 June 2024 - 400 400
NET BOOK VALUE
At 30 June 2024 24,000 - 24,000
At 30 June 2023 24,000 - 24,000

Cost or valuation at 30 June 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2001 12,560 - 12,560
Cost 11,440 400 11,840
24,000 400 24,400

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

2024 2023
£    £   
Cost 11,440 11,440

The investment property has been valued on a fair value basis on 30 June 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 475 475
Directors' current accounts 147 62
Accrued expenses 483 456
1,105 993

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number:Class:Nominal value:20242023
£   £   
100Ordinary£1100100

MGR PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02751554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 12,560