0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 445,000 445,000 445,000 xbrli:pure xbrli:shares iso4217:GBP 06447200 2024-04-01 2025-03-31 06447200 2025-03-31 06447200 2024-03-31 06447200 2023-04-01 2024-03-31 06447200 2024-03-31 06447200 2023-03-31 06447200 bus:Director2 2024-04-01 2025-03-31 06447200 core:AfterOneYear 2025-03-31 06447200 core:AfterOneYear 2024-03-31 06447200 core:WithinOneYear 2025-03-31 06447200 core:WithinOneYear 2024-03-31 06447200 core:ShareCapital 2025-03-31 06447200 core:ShareCapital 2024-03-31 06447200 core:RevaluationReserve 2024-03-31 06447200 core:RetainedEarningsAccumulatedLosses 2025-03-31 06447200 core:LandBuildings 2025-03-31 06447200 core:LandBuildings 2024-03-31 06447200 bus:Director1 2024-04-01 2025-03-31 06447200 bus:SmallEntities 2024-04-01 2025-03-31 06447200 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06447200 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06447200 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06447200 bus:FullAccounts 2024-04-01 2025-03-31 06447200 core:AllAssociates 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 06447200
MKD & DJ Property Limited
Filleted Unaudited Financial Statements
31 March 2025
MKD & DJ Property Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
4
445,000
445,000
Current assets
Cash at bank and in hand
11
790
Creditors: amounts falling due within one year
5
1
650
----
----
Net current assets
10
140
---------
---------
Total assets less current liabilities
445,010
445,140
Creditors: amounts falling due after more than one year
6
415,000
413,774
---------
---------
Net assets
30,010
31,366
---------
---------
Capital and reserves
Called up share capital
30,004
1
Revaluation reserve
31,365
Profit and loss account
6
--------
--------
Shareholders funds
30,010
31,366
--------
--------
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 comprehensive income has not been delivered.
For the year ending 31 March 2025 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 .
MKD & DJ Property Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 9 April 2025 , and are signed on behalf of the board by:
Mr N J Diss
Director
Company registration number: 06447200
MKD & DJ Property Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Highfield Gate, Fulbourn, Cambridge, CB21 5HA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises rental income and property related fees.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Tangible assets
Land and buildings
£
Cost
At 1 April 2024 and 31 March 2025
445,000
---------
Depreciation
At 1 April 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
445,000
---------
At 31 March 2024
445,000
---------
5. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1
Other creditors
650
----
----
1
650
----
----
6. Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
413,774
Other creditors - desc in a/cs
415,000
---------
---------
415,000
413,774
---------
---------
7. Related party transactions
The company was a 100% subsidiary of Reardon Holdings Limited until 30 September 2024. The two £1 ordinary shares were then held by Mr M Diss and Miss K Diss. Neither party are considered to have control. The 30,000 £1 redeemable preference shares are held by MKD & DJ Holdings Limited. The two £1 B shares have limited rights, no entitlement dividends or payment on liquidation.