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REGISTERED NUMBER: 10208139 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MKP PROPERTIES LIMITED

MKP PROPERTIES LIMITED (REGISTERED NUMBER: 10208139)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MKP PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: Mr K J Popat
Mr M K Popat





REGISTERED OFFICE: Unit 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10208139 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

MKP PROPERTIES LIMITED (REGISTERED NUMBER: 10208139)

ABRIDGED BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 968,428 968,428

CURRENT ASSETS
Debtors 190 176
Cash at bank 50,319 19,805
50,509 19,981
CREDITORS
Amounts falling due within one year 310,840 305,950
NET CURRENT LIABILITIES (260,331 ) (285,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,097

682,459

CREDITORS
Amounts falling due after more than one year 5 666,665 675,196
NET ASSETS 41,432 7,263

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 40,432 6,263
SHAREHOLDERS' FUNDS 41,432 7,263

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.

MKP PROPERTIES LIMITED (REGISTERED NUMBER: 10208139)

ABRIDGED BALANCE SHEET - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2025 and were signed on its behalf by:





Mr K J Popat - Director


MKP PROPERTIES LIMITED (REGISTERED NUMBER: 10208139)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Mkp Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable during the year.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

MKP PROPERTIES LIMITED (REGISTERED NUMBER: 10208139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 968,428
NET BOOK VALUE
At 31 March 2025 968,428
At 31 March 2024 968,428

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 95,000
Valuation in 2023 (95,000 )
Cost 968,428
968,428

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans 494,308 508,455

6. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 714,267 719,188

The bank loan is secured against the property.

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £250,486 (2024:£260,900) to the directors.