Company Registration No. 03222208 (England and Wales)
MBL ESTATES LIMITED
Annual report and accounts
for the year ended 31 July 2024
MBL ESTATES LIMITED
Annual report and accounts
Contents
MBL ESTATES LIMITED
Company Information
for the year ended 31 July 2024
Directors
Mr Boughton-Leigh
Mrs Boughton-Leigh
Secretary
Mrs Boughton-Leigh
Company Number
03222208 (England and Wales)
Registered Office
97 THE BROADWAY
LONDON
SW19 1QG
ENGLAND
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
MBL ESTATES LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
30,553
2,551
Cash at bank and in hand
17,414
-
Creditors: amounts falling due within one year
(41,339)
(34,797)
Net current assets
842,578
831,757
Total assets less current liabilities
873,131
834,308
Creditors: amounts falling due after more than one year
(28,392)
-
Net assets
844,739
834,308
Called up share capital
2
2
Profit and loss account
844,737
834,306
Shareholders' funds
844,739
834,308
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
Mr Boughton-Leigh
Director
Company Registration No. 03222208
MBL ESTATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
MBL ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03222208. The registered office is 97 THE BROADWAY, LONDON, SW19 1QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and VAT
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing instalment - 15%
Motor vehicles
Reducing instalment - 25%
Computer equipment
Reducing instalment - 25%
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost.
Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
MBL ESTATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
33,799
-
692
34,491
Additions
-
33,995
898
34,893
At 31 July 2024
33,799
33,995
1,590
69,384
At 1 August 2023
31,846
-
94
31,940
Charge for the year
293
6,374
224
6,891
At 31 July 2024
32,139
6,374
318
38,831
At 31 July 2024
1,660
27,621
1,272
30,553
At 31 July 2023
1,953
-
598
2,551
Amounts falling due within one year
Amounts due from group undertakings etc.
250
-
Accrued income and prepayments
4,290
2,765
Other debtors
861,124
861,749
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
3,543
Obligations under finance leases and hire purchase contracts
2,744
-
Trade creditors
7,224
11,745
Taxes and social security
11,575
3,745
Other creditors
3,434
2,885
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
28,392
-
MBL ESTATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).