Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01truefalseNo description of principal activity44The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03010004 2024-01-01 2024-12-31 03010004 2023-01-01 2023-12-31 03010004 2024-12-31 03010004 2023-12-31 03010004 c:Director2 2024-01-01 2024-12-31 03010004 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 03010004 d:FreeholdInvestmentProperty 2024-12-31 03010004 d:FreeholdInvestmentProperty 2023-12-31 03010004 d:CurrentFinancialInstruments 2024-12-31 03010004 d:CurrentFinancialInstruments 2023-12-31 03010004 d:Non-currentFinancialInstruments 2024-12-31 03010004 d:Non-currentFinancialInstruments 2023-12-31 03010004 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03010004 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03010004 d:ShareCapital 2024-12-31 03010004 d:ShareCapital 2023-12-31 03010004 c:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 03010004 c:FRS102 2024-01-01 2024-12-31 03010004 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03010004 c:FullAccounts 2024-01-01 2024-12-31 03010004 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03010004 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03010004










M.I.P. DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
M.I.P. DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03010004

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
-
83,188

  
-
83,188

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2
-

  
2
-

Creditors: amounts falling due within one year
 6 
-
(83,186)

Net current assets/(liabilities)
  
 
 
2
 
 
(83,186)

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2025.




N J Morgan
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
M.I.P. DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by shares incorporated in England & Wales. The Company prepares its financial statements in £ sterling and rounds to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

  
2.3

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Investment property


Freehold investment property

£





At 1 January 2024
83,188


Disposals
(83,188)



At 31 December 2024
-

The 2023 valuations were made by the directors on an open market value for existing use basis and are currently carried at cost in the financial statements, as they are in the course development. The Investemnt property was disposed of at cost during the year to the Company's parent company.


 




Page 2

 
M.I.P. DEVELOPMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
2
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
83,186



7.


Related party transactions

At 31 December 2024, there was an amount of £nil (2023: £83,186) due to the parent undertaking, Morgan Industrial Properties. The loan is unsecured, interest free and has no fixed repayments date.

Page 3