Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05128961 Mr Mark Hughes Mrs Amanda Hughes Mr Mark Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05128961 2023-10-31 05128961 2024-10-31 05128961 2023-11-01 2024-10-31 05128961 frs-core:CurrentFinancialInstruments 2024-10-31 05128961 frs-core:Non-currentFinancialInstruments 2024-10-31 05128961 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05128961 frs-core:RevaluationReserve 2023-10-31 05128961 frs-core:RevaluationReserve 2024-10-31 05128961 frs-core:ShareCapital 2024-10-31 05128961 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05128961 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05128961 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05128961 frs-bus:SmallEntities 2023-11-01 2024-10-31 05128961 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05128961 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05128961 frs-bus:Director1 2023-11-01 2024-10-31 05128961 frs-bus:Director2 2023-11-01 2024-10-31 05128961 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05128961 frs-countries:EnglandWales 2023-11-01 2024-10-31 05128961 2022-10-31 05128961 2023-10-31 05128961 2022-11-01 2023-10-31 05128961 frs-core:CurrentFinancialInstruments 2023-10-31 05128961 frs-core:Non-currentFinancialInstruments 2023-10-31 05128961 frs-core:RevaluationReserve 2023-10-31 05128961 frs-core:ShareCapital 2023-10-31 05128961 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05128961
M N M Properties Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
4 Rossmore Business Village
Inward Way
Ellesmere Port
Cheshire
CH65 3EY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05128961
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 670,000 670,000
670,000 670,000
CURRENT ASSETS
Debtors 5 23,333 23,333
Cash at bank and in hand 53,890 45,114
77,223 68,447
Creditors: Amounts Falling Due Within One Year 6 (147,598 ) (152,915 )
NET CURRENT ASSETS (LIABILITIES) (70,375 ) (84,468 )
TOTAL ASSETS LESS CURRENT LIABILITIES 599,625 585,532
Creditors: Amounts Falling Due After More Than One Year 7 (146,822 ) (175,835 )
NET ASSETS 452,803 409,697
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 4,800 4,800
Profit and Loss Account 448,001 404,895
SHAREHOLDERS' FUNDS 452,803 409,697
Page 1
Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Hughes
Director
25/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M N M Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05128961 . The registered office is 10 Robert Jones Way, Park Hall, Oswestry, Shropshire, SY11 4FF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net rents due for the year, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
2.4. Investment Properties
All investment properties are carried at the most recent valuation and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 670,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,333 23,333
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 669
Bank loans and overdrafts 34,468 34,468
Corporation tax 10,440 5,642
VAT 5,600 5,600
Other creditors 21,650 21,650
Accruals and deferred income 25,257 25,703
Directors' loan accounts 50,183 59,183
147,598 152,915
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 146,822 175,835
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 November 2023 4,800
As at 31 October 2024 4,800
Page 4