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REGISTERED NUMBER: 07186877 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

MPC Precast Limited

MPC Precast Limited (Registered number: 07186877)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPC Precast Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A R Hampton





REGISTERED OFFICE: Church Marsh
Off Gas Road
Sittingbourne
Kent
ME10 2QF





REGISTERED NUMBER: 07186877 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

MPC Precast Limited (Registered number: 07186877)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 2,145,835 2,145,835
Investment property 6 1,200,000 1,200,000
3,345,835 3,345,835

CURRENT ASSETS
Cash at bank 1,286 1,176

CREDITORS
Amounts falling due within one year 7 5,932,738 5,633,238
NET CURRENT LIABILITIES (5,931,452 ) (5,632,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,585,617

)

(2,286,227

)

PROVISIONS FOR LIABILITIES 63,000 63,000
NET LIABILITIES (2,648,617 ) (2,349,227 )

CAPITAL AND RESERVES
Called up share capital 48,718 48,718
Share premium 1,282 1,282
Revaluation reserve 8 424,225 424,225
Retained earnings (3,122,842 ) (2,823,452 )
SHAREHOLDERS' FUNDS (2,648,617 ) (2,349,227 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 11 June 2025 and were signed by:





A R Hampton - Director


MPC Precast Limited (Registered number: 07186877)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

MPC Precast Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment properties, and certain financial assets and liabilities measured at fair value through the profit and loss account.

Going Concern
The accounts have been prepared on the going concern basis. The company balance sheet has net liabilities.

Within liabilities are loan notes of £2,975,000 (2023 - £2,975,000). Discussions are ongoing with the loan note holders to obtain formal confirmation that they will not call for repayment of these loans within the next 12 months.

Loan notes holders have historically provided such assurances, and the Directors are confident these will be obtained

On the basis the directors consider that the company will continue in business for the foreseeable future, being a period of not less than 12 months from the approval of the financial statements.

The accounts have therefore been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about MPC Precast Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any provisions for impairment.

Investment property
Investment property is shown at fair value. 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
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.


MPC Precast Limited (Registered number: 07186877)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price and subsequently measured at amortised cost.

Critical accounting judgements and estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below:

i) Valuation of investment properties
The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The company engaged independent valuation specialists to determine fair value at 31 March 2014 and the directors consider these valuation at the balance sheet date to determine if they are still appropriate. The key assumptions used to determine the fair value of investment property are further explained in note 6.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 2,145,835
NET BOOK VALUE
At 30 September 2024 2,145,835
At 30 September 2023 2,145,835

MPC Precast Limited (Registered number: 07186877)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,200,000
NET BOOK VALUE
At 30 September 2024 1,200,000
At 30 September 2023 1,200,000

This investment property was valued by an independent valuer with a recognised and relevant professional qualification and with recent experience in the location and category of the investment property being valued, N R Miller FRICS on behalf of Michael Rogers LLP at 31 March 2014, on the basis of open market value in accordance with the Appraisal and Valuation Manual of the Royal Institute of Chartered Surveyors. The directors consider this value to still be appropriate at 30 September 2024.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,803,987 2,504,487
Other creditors 3,128,751 3,128,751
5,932,738 5,633,238

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 424,225