Menhenitt and Prior (Properties) Limited Filleted Accounts Cover |
Company No. 01720556 | |||||||||
Menhenitt and Prior (Properties) Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2025 | 2024 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Investment property | 5 | |||||||||
Current assets | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Other provisions | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Non-distributable reserve | 9 | |||||||||
Profit and loss account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 09 July 2025 and signed on its behalf by: | ||||||||||
J.M. Snell | ||||||||||
Director | ||||||||||
09 July 2025 | ||||||||||
Menhenitt and Prior (Properties) Limited Notes to the Accounts Registrar |
for the year ended 31 March 2025 | ||||||||||||||
1 | General information | |||||||||||||
Menhenitt and Prior (Properties) Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 01720556 | ||||||||||||||
Its registered office is: | Its trading address is: | |||||||||||||
Trenant Industrial Estate | ||||||||||||||
WADEBRIDGE | ||||||||||||||
Cornwall | ||||||||||||||
PL27 6HB | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Turnover represents the invoices value of rents from light industrial units. Rental income is recognised on a straight line basis over the life of the lease. The unearned portion of lease invoices, relating to future periods, is excluded from income and included in accruals and deferred income. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate 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. | ||||||||||||||
Freehold investment property | ||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2025 | 2024 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Plant and machinery | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or revaluation | ||||||||||||||
Additions | ||||||||||||||
At 31 March 2025 | ||||||||||||||
Depreciation | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 March 2025 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2025 | ||||||||||||||
5 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 April 2024 | ||||||||||||||
Additions | ||||||||||||||
Revaluation | ||||||||||||||
At 31 March 2025 | ||||||||||||||
6 | Debtors | |||||||||||||
2025 | 2024 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2025 | 2024 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Share Capital | |||||||||||||
11,000 £1 Ordinary shares fully paid. | ||||||||||||||
9 | Reserves | |||||||||||||
Non-distributable reserve | Total other reserves | |||||||||||||
£ | £ | |||||||||||||
At 1 April 2023 | ||||||||||||||
Movement on Non-distributable reserve | 24,823 | |||||||||||||
Deferred taxation | (4,914) | ( | ||||||||||||
At 31 March 2024 and 1 April 2024 | ||||||||||||||
Movement on Non-distributable reserve | 41,064 | |||||||||||||
Deferred taxation | (11,963) | ( | ||||||||||||
At 31 March 2025 | ||||||||||||||