Registered number: 9700857 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
5,701 | 7,393 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (233,005) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 591,652 | 560,707 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1c,9 | 80,830 | 80,830 | |||||||
Profit and loss account | 59,949 | 53,663 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/08/2023 | 947,255 | 947,255 | ||||||
At 31/07/2024 | 947,255 | 947,255 | ||||||
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 | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 338 | ||||||
- | 338 | |||||||
M J P Plymouth Limited | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 1,480 | 460 | ||||||
Directors current account | 184,144 | 176,558 | ||||||
Bank Loan | 14,751 | 62,280 | ||||||
Other creditors | 400 | 400 | ||||||
Accruals | 700 | 700 | ||||||
201,475 | 240,398 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | - | 2,700 | ||||||
Bank loans (secured) >1yr | 591,652 | 558,007 | ||||||
591,652 | 560,707 | |||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 18,950 | 18,950 | ||||||
18,950 | 18,950 | |||||||
M J P Plymouth Limited | ||||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 80,830 | 80,830 | ||||||
80,830 | 80,830 | |||||||