Registered number
06487623
MH Properties (Aberdare) Limited
Filleted Accounts
31 January 2025
MH Properties (Aberdare) Limited
Registered number: 06487623
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 705,413 705,938
Current assets
Debtors 4 2,262 1,667
Cash at bank and in hand 18,500 31,162
20,762 32,829
Creditors: amounts falling due within one year 5 (298,487) (307,871)
Net current liabilities (277,725) (275,042)
Total assets less current liabilities 427,688 430,896
Provisions for liabilities - (100)
Net assets 427,688 430,796
Capital and reserves
Called up share capital 100 100
Profit and loss account 427,588 430,696
Shareholders' funds 427,688 430,796
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Bird
Director
Approved by the board on 10 March 2025
MH Properties (Aberdare) Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of rent received on the company's investment properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Integral features over 10 years
Fixtures and fittings over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in the statement of changes in equity.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Investment properties Integral features Fixtures and fittings Total
£ £ £ £
Cost
At 1 February 2024 705,411 5,278 7,746 718,435
At 31 January 2025 705,411 5,278 7,746 718,435
Depreciation
At 1 February 2024 - 4,752 7,745 12,497
Charge for the year - 525 - 525
At 31 January 2025 - 5,277 7,745 13,022
Net book value
At 31 January 2025 705,411 1 1 705,413
At 31 January 2024 705,411 526 1 705,938
Investment properties: 2025 2024
£ £
Historical cost 705,411 705,411
Cumulative depreciation based on historical cost - -
705,411 705,411
The investment properties were valued at the balance sheet date by the directors.
4 Debtors 2025 2024
£ £
Trade debtors 1,667 1,667
Other debtors 595 -
2,262 1,667
5 Creditors: amounts falling due within one year 2025 2024
£ £
Directors loan accounts 297,857 305,774
Trade creditors - 90
Taxation and social security costs - 1,407
Other creditors 630 600
298,487 307,871
6 Other information
MH Properties (Aberdare) Limited is a private company limited by shares and incorporated in England & wales. Its registered office is:
17 - 19 Cardiff Street
Aberdare
Rhondda Cynon Taff
CF44 7LD
7 Presentation currency
The financial statements are presented in Sterling and rounded to the nearest £1.
8 Controlling party
The company is controlled by the directors, who together own 100% of the issued share capital.
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