Registered number
09336665
MDP (Holdings) Limited
Filleted Accounts
31 December 2024
MDP (Holdings) Limited
Registered number: 09336665
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,500,000 1,500,000
Current assets
Debtors 4 184,065 184,065
Creditors: amounts falling due within one year 5 (12,073) (10,839)
Net current assets 171,992 173,226
Total assets less current liabilities 1,671,992 1,673,226
Creditors: amounts falling due after more than one year 6 (1,038,340) (1,038,340)
Net assets 633,652 634,886
Capital and reserves
Called up share capital 500,000 500,000
Share premium 1,000,000 1,000,000
Profit and loss account (866,348) (865,114)
Shareholders' funds 633,652 634,886
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M D Pratt
Director
Approved by the board on 31 August 2025
MDP (Holdings) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
Investment in group undertaking subsidiary
undertakings
£
Cost
At 1 January 2024 1,500,000
At 31 December 2024 1,500,000
Details of group undertakings at the balance sheet date are as follows:
Class of
Name of undertaking and business shares Holding Year end
%
MDP (South West) Limited Ordinary 100 31 December
The group undertaking is incorporated within Great Britain and its principal activity is providing services to the building and civil engineering industry to include property development activities.
The results of the subsidiary undertaking for the year ended 31 December 2024 are as follows:
Aggregate capital
Loss for and reserves at
the year 31-Dec-24
£ £
MDP (South West) Limited (357,823) 7,161,810
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 184,065 184,065
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 12,073 10,839
6 Creditors: amounts falling due after one year 2024 2023
£ £
Loan from MDP (South West) Limited 1,038,340 1,038,340
7 Related party transaction
The controlling party is MDP (Holdings) Limited who owns 100% of the issued ordinary share capital of the company.
The controlling parties are M Pratt and J Pratt who hold a 100% beneficial ownership of the share capital.
At the year end the amount owing to MDP (South West) Limited was £1,038,340 (2023:£1,038,340).
MDP Development South West Limited
The ultimate controlling parties are M Pratt and J Pratt who own 52% ownership of MDP Developments South West Limited.
At the year end the amount owing from MDP Development South West Limited was £184,065 (2023: £184,065).
8 Other information
MDP (Holdings) Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA
MDP (Holdings) Limited 09336665 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 M D Pratt No description of principal activity 09336665 2023-01-01 2023-12-31 09336665 core:WithinOneYear 2023-12-31 09336665 core:AfterOneYear 2023-12-31 09336665 core:ShareCapital 2023-12-31 09336665 core:SharePremium 2023-12-31 09336665 core:RetainedEarningsAccumulatedLosses 2023-12-31 09336665 2024-01-01 2024-12-31 09336665 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09336665 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09336665 bus:Director40 2024-01-01 2024-12-31 09336665 1 2024-01-01 2024-12-31 09336665 2 2024-01-01 2024-12-31 09336665 countries:England 2024-01-01 2024-12-31 09336665 bus:FRS102 2024-01-01 2024-12-31 09336665 bus:FilletedAccounts 2024-01-01 2024-12-31 09336665 2024-12-31 09336665 core:WithinOneYear 2024-12-31 09336665 core:AfterOneYear 2024-12-31 09336665 core:ShareCapital 2024-12-31 09336665 core:SharePremium 2024-12-31 09336665 core:RetainedEarningsAccumulatedLosses 2024-12-31 09336665 2023-12-31 iso4217:GBP xbrli:pure