Company registration number 11436670 (England and Wales)
ML & HL Properties Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
ML & HL Properties Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
ML & HL Properties Ltd
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
24,133
20,657
Cash at bank and in hand
81,135
59,259
105,268
79,916
Creditors: amounts falling due within one year
(15,628)
(21,975)
Net current assets
89,640
57,941
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
89,639
57,940
Total equity
89,640
57,941

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 April 2025
M Ly
Director
Company registration number 11436670 (England and Wales)
ML & HL Properties Ltd
Notes to the Financial Statements
for the year ended 31 August 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Company information

ML & HL Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 30 Cross Stamford Street, Leeds, West Yorkshire, LS7 1BA.

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