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MPL (LEICESTER) LTD
REGISTERED NUMBER: 15238596
BALANCE SHEET
AS AT 31 OCTOBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
MPL (Leicester) Ltd is a private company, limited by shares, registered in England and Wales, registration number 15238596. The registered office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ.
Principal activity
The Company was incorporated on the 26 October 2023. The principal activity of the Company is that of a lending Company.
Average number of employees
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The average monthly number of employees, including directors, during the period was 2.
Related party transactions
The Company has made two secured loans to related parties totaling £955,000 (£455,000 and £500,000 respectively). These loans are repayable on demand or at the latest by the 10th anniversary of the loan agreements. Interest is charged on these loans at 2% above the National Westminster Bank plc base rate, accruing daily and payable quarterly in arrears for as long as the loans remain outstanding.
Included in other debtors are amounts of £45,000 due from related parties. The loans are unsecured, interest-free, and have no fixed repayment terms.
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MPL (LEICESTER) LTD
REGISTERED NUMBER: 15238596
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
Directors' benefits: advances, credits and guarantees
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During the period, advances of £3,309,362 and repayments of £2,752,518 were made, leaving a balance of £556,844 due by the director at the year end. This balance is included in other debtors. Interest was charged at the HMRC official rate.
Director's confirmations
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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K Lester
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