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REGISTERED NUMBER: 12118679 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

ML Property Investment Ltd

ML Property Investment Ltd (Registered number: 12118679)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ML Property Investment Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M Lucas





REGISTERED OFFICE: 100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE





REGISTERED NUMBER: 12118679 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

ML Property Investment Ltd (Registered number: 12118679)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 218 437,860
Investment property 5 457,535 -
457,753 437,860

CURRENT ASSETS
Cash at bank 935 2,473

CREDITORS
Amounts falling due within one year 6 169,501 188,359
NET CURRENT LIABILITIES (168,566 ) (185,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,187

251,974

CREDITORS
Amounts falling due after more than one
year

7

(312,671

)

(274,453

)

PROVISIONS FOR LIABILITIES (5,000 ) -
NET LIABILITIES (28,484 ) (22,479 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 15,000 -
Retained earnings (44,484 ) (23,479 )
SHAREHOLDERS' FUNDS (28,484 ) (22,479 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ML Property Investment Ltd (Registered number: 12118679)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





M Lucas - Director


ML Property Investment Ltd (Registered number: 12118679)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

ML Property Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

ML Property Investment Ltd (Registered number: 12118679)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 437,535 725 438,260
Reclassification/transfer (437,535 ) - (437,535 )
At 31 July 2024 - 725 725
DEPRECIATION
At 1 August 2023 - 400 400
Charge for year - 107 107
At 31 July 2024 - 507 507
NET BOOK VALUE
At 31 July 2024 - 218 218
At 31 July 2023 437,535 325 437,860

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 20,000
Reclassification/transfer 437,535
At 31 July 2024 457,535
NET BOOK VALUE
At 31 July 2024 457,535

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 20,000
Cost 437,535
457,535

If investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 457,535 -

investment property was valued on an open market basis on 31 July 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 169,501 188,359

ML Property Investment Ltd (Registered number: 12118679)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 312,671 274,453

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,671 274,453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Revaluation
reserve
£   
Property Revaluation 15,000

At 31 July 2024 15,000

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations (£20,000), less deferred tax £5,000, non-distributable reserve (£15,000).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

In other creditors, £164,873 (2022: £182,717 ) refers to monies owed by the company to the director. This is interest free and repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
ML Property Investment Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ML Property Investment Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ML Property Investment Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ML Property Investment Ltd and state those matters that we have agreed to state to the director of ML Property Investment Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ML Property Investment Ltd and its director for our work or for this report.

It is your duty to ensure that ML Property Investment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ML Property Investment Ltd. You consider that ML Property Investment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ML Property Investment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................