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Registered number: 9700857

M J P Plymouth Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

M J P Plymouth Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
Matthew Porter
REGISTERED OFFICE
180 Exeter Street
Plymouth
PL4 0NQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 9700857
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

M J P Plymouth Limited

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

M J P Plymouth Limited

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets947,255947,255
CURRENT ASSETS
Debtors3-338
Cash at bank and in hand5,7017,055
5,7017,393
CREDITORS: Amounts falling due within one year4201,475240,398
NET CURRENT LIABILITIES(195,774)(233,005)
TOTAL ASSETS LESS CURRENT LIABILITIES751,481714,250
CREDITORS: Amounts falling due after more than one year5591,652560,707
PROVISIONS FOR LIABILITIES AND CHARGES718,95018,950
NET ASSETS140,879134,593
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve1c,980,83080,830
Profit and loss account59,94953,663
SHAREHOLDERS' FUNDS140,879134,593
For the year ending 31/07/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/04/2025 and signed on their behalf by
.............................
Matthew Porter
Director

M J P Plymouth Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at Fair Value in accordance with FRS102.No depreciation is provided on Investment properties.
1c. Revaluation Reserve
The company has valued Investment Properties at fair value.As the fair value adjustment is non-distributable the movement on fair value has been transferred from retained earnings to the revaluation reserve to help identify distributable reserves.In addition any deferred tax relating to the fair value adjustment initially taken to the statement of comprehensive income is also transferred from retained earnings to the revaluation reserve. (see also note9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/08/2023947,255947,255
At 31/07/2024947,255947,255
Investment properties were revalued at January 2017 by Stratton Creber in accordance with RICS guidelines.At the year end the Director who has extensive experience in the local property market, reviewed the valuations.In his view the values shown equate to what could be acheived in the local market given current yields and market conditions.The historical cost of the properties is £847,475.
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-338
-338

M J P Plymouth Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,480460
Directors current account184,144176,558
Bank Loan14,75162,280
Other creditors400400
Accruals700700
201,475240,398
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr-2,700
Bank loans (secured) >1yr591,652558,007
591,652560,707
Included in creditors are loans of £603,652 (2023 £615,782) which are secured against the company's assets.Of these loans £543,652 (2023 £565,652) is repayable after 5 years.
6. EMPLOYEES
20242023
No.No.
Average number of employees11
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation18,95018,950
18,95018,950

M J P Plymouth Limited

8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100
9. REVALUATION RESERVE 20242023
££
Revaluation reserve80,83080,830
80,83080,830