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REGISTERED NUMBER: 11068458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MD PRIVATE LIMITED

MD PRIVATE LIMITED (REGISTERED NUMBER: 11068458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MD PRIVATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: P Montalto
Mrs G Montalto
Mrs N Duffy
J A Duffy





REGISTERED OFFICE: 9 The Courtyard
Stans Way
East Street
Horsham
West Sussex
RH12 1HU





REGISTERED NUMBER: 11068458 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

MD PRIVATE LIMITED (REGISTERED NUMBER: 11068458)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,587 27,360
Investment property 5 13,036,665 11,623,536
13,107,252 11,650,896

CURRENT ASSETS
Debtors 6 40,672 39,919
Cash at bank 1,981,842 1,013,158
2,022,514 1,053,077
CREDITORS
Amounts falling due within one year 7 370,948 477,362
NET CURRENT ASSETS 1,651,566 575,715
TOTAL ASSETS LESS CURRENT LIABILITIES 14,758,818 12,226,611

CREDITORS
Amounts falling due after more than one year 8 (7,826,002 ) (5,264,365 )

PROVISIONS FOR LIABILITIES (333,617 ) (333,080 )
NET ASSETS 6,599,199 6,629,166

CAPITAL AND RESERVES
Called up share capital 4,793,653 4,793,653
Retained earnings 1,805,546 1,835,513
6,599,199 6,629,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:




P Montalto - Director



Mrs N Duffy - Director


MD PRIVATE LIMITED (REGISTERED NUMBER: 11068458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Md Private 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Rental business

Turnover represents the following types of income
Rental income
Income from the sale of properties

All income is recognised on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. 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 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

MD PRIVATE LIMITED (REGISTERED NUMBER: 11068458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 821 60,825 4,386 66,032
Additions - 93,100 - 93,100
Disposals - (60,825 ) - (60,825 )
At 31 March 2025 821 93,100 4,386 98,307
DEPRECIATION
At 1 April 2024 746 35,165 2,761 38,672
Charge for year 37 23,275 901 24,213
Eliminated on disposal - (35,165 ) - (35,165 )
At 31 March 2025 783 23,275 3,662 27,720
NET BOOK VALUE
At 31 March 2025 38 69,825 724 70,587
At 31 March 2024 75 25,660 1,625 27,360

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 60,825
Additions 93,100
Disposals (60,825 )
At 31 March 2025 93,100
DEPRECIATION
At 1 April 2024 35,165
Charge for year 23,275
Eliminated on disposal (35,165 )
At 31 March 2025 23,275
NET BOOK VALUE
At 31 March 2025 69,825
At 31 March 2024 25,660

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 11,623,536
Additions 1,413,129
At 31 March 2025 13,036,665
NET BOOK VALUE
At 31 March 2025 13,036,665
At 31 March 2024 11,623,536

MD PRIVATE LIMITED (REGISTERED NUMBER: 11068458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 14,075 32,665
Other debtors 2,712 -
Prepayments 23,885 7,254
40,672 39,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 42,908 21,053
Hire purchase contracts 8,360 44,339
Trade creditors 5,983 3,270
Tax 88,563 221,337
Social security and other taxes - (624 )
VAT 19,969 3,606
Other creditors 8,635 1,041
Directors' loan accounts 89,361 84,158
Accruals and deferred income 80,042 96,253
Accrued expenses 27,127 2,929
370,948 477,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 42,908 21,053
Bank loans more 5 yrs non-inst 4,409,964 1,936,842
Hire purchase contracts 65,660 -
Other creditors 900,000 900,000
Directors' loan accounts 2,407,470 2,406,470
7,826,002 5,264,365

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,409,964 1,936,842

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr P Montalto and Mrs G Montalto increased their loan into the company. As at 31 March 2025 the company owed them £957,470 (2024: £956,470). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable over one year.

During the year, Mrs N Duffy increased her loan to the company. As at 31 March 2025 the company owed her £1,044,319 (2024: £1,043,277). This balance represented the maximum amount outstanding during the year, is interest free and £44,319 of the balance is repayable on demand. The remaining balance is repayable over one year.

During the year, Mr J Duffy increased his loan to the company. As at 31 March 2025, the company owed him £495,042 (2024: £490,881). This balance represented the maximum amount outstanding during the year, is interest free and £45,042 of the balance is repayable on demand. The remaining balance is repayable over one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs P Montalto.

This was by virtue of their joint 51%. holding of the issued share capital.