3 false false false false true false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,625,141 2,625,141 2,625,141 xbrli:pure xbrli:shares iso4217:GBP 12435284 2023-07-01 2024-06-30 12435284 2024-06-30 12435284 2023-06-30 12435284 2022-07-01 2023-06-30 12435284 2023-06-30 12435284 2022-06-30 12435284 core:Subsidiary1 2023-07-01 2024-06-30 12435284 core:Subsidiary2 2023-07-01 2024-06-30 12435284 bus:Director1 2023-07-01 2024-06-30 12435284 core:WithinOneYear 2024-06-30 12435284 core:WithinOneYear 2023-06-30 12435284 core:ShareCapital 2024-06-30 12435284 core:ShareCapital 2023-06-30 12435284 core:CapitalRedemptionReserve 2024-06-30 12435284 core:CapitalRedemptionReserve 2023-06-30 12435284 core:RetainedEarningsAccumulatedLosses 2024-06-30 12435284 core:RetainedEarningsAccumulatedLosses 2023-06-30 12435284 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 12435284 core:Non-currentFinancialInstruments 2024-06-30 12435284 core:Non-currentFinancialInstruments 2023-06-30 12435284 bus:SmallEntities 2023-07-01 2024-06-30 12435284 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12435284 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12435284 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12435284 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 12435284
MPS INVESTMENTS (LINCOLN) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2024
MPS INVESTMENTS (LINCOLN) LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
2,625,141
2,625,141
Current assets
Debtors
6
55,500
55,500
Cash at bank and in hand
1,389
1,570
---------
---------
56,889
57,070
Creditors: amounts falling due within one year
7
2,667,047
2,667,047
-------------
-------------
Net current liabilities
2,610,158
2,609,977
-------------
-------------
Total assets less current liabilities
14,983
15,164
---------
---------
Capital and reserves
Called up share capital
490
490
Capital redemption reserve
130
130
Profit and loss account
14,363
14,544
---------
---------
Shareholders funds
14,983
15,164
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MPS INVESTMENTS (LINCOLN) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 8 March 2025 , and are signed on behalf of the board by:
M N Smith
Director
Company registration number: 12435284
MPS INVESTMENTS (LINCOLN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Lindum Business Park, Station Road, Lincoln, Lincs, LN6 3FE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
2,625,141
-------------
Impairment
At 1 July 2023 and 30 June 2024
-------------
Carrying amount
At 30 June 2024
2,625,141
-------------
At 30 June 2023
2,625,141
-------------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Nigel Smith Plumbing and Mechanical Services (Holdings) Limited
Ordinary
100
Nigel Smith Plumbing and Mechanical Services Limited
Ordinary
100
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
55,500
55,500
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,667,047
2,667,047
-------------
-------------
8. Controlling party
The company was under the control M N Smith throughout the current and prior year.