Company Registration No. 09750872 (England and Wales)
MBL ESTATES & PARTNERS LTD
Annual report and accounts
for the year ended 31 August 2024
MBL ESTATES & PARTNERS LTD
Annual report and accounts
Contents
MBL ESTATES & PARTNERS LTD
Company Information
for the year ended 31 August 2024
Directors
M Boughton-Leigh
C Boughton-Leigh
Company Number
09750872 (England and Wales)
Registered Office
97 The Broadway
LONDON
ENGLAND
SW19 1QG
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
MBL ESTATES & PARTNERS LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
251
997
Creditors: amounts falling due within one year
(3,326)
(7,516)
Net current liabilities
(3,075)
(3,841)
Net liabilities
(3,075)
(2,924)
Called up share capital
200
200
Profit and loss account
(3,275)
(3,124)
Shareholders' funds
(3,075)
(2,924)
For the year ending 31 August 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 21 May 2025 and were signed on its behalf by
M Boughton-Leigh
Director
Company Registration No. 09750872
MBL ESTATES & PARTNERS LTD
Notes to the Accounts
for the year ended 31 August 2024
MBL ESTATES & PARTNERS LTD is a private company, limited by shares, registered in England and Wales, registration number 09750872. The registered office is 97 The Broadway, LONDON, ENGLAND, SW19 1QG.
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, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
Reducing balance - 33%
Computer equipment
Reducing balance - 33%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
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.
MBL ESTATES & PARTNERS LTD
Notes to the Accounts
for the year ended 31 August 2024
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the directors and shareholders.
If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
742
1,748
2,490
Disposals
(742)
(1,748)
(2,490)
At 1 September 2023
682
891
1,573
On disposals
(682)
(891)
(1,573)
At 31 August 2023
60
857
917
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
737
Loans from directors
2,606
-
7
Average number of employees
During the year the average number of employees was 1 (2023: 3).