M.P.C. Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01649657

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,463,089		2,470,427

			2,463,089		2,470,427
CURRENT ASSETS
Cash at bank and in hand		120,276		74,046

		120,276		74,046
Creditors: Amounts Falling Due Within One Year	5	(575,558 )		(447,336 )

NET CURRENT ASSETS (LIABILITIES)			(455,282 )		(373,290 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,007,807		2,097,137

Creditors: Amounts Falling Due After More Than One Year	6		(161,834 )		(241,849 )

NET ASSETS			1,845,973		1,855,288

CAPITAL AND RESERVES
Called up share capital	8		110		110
Fair value reserve	9		618,095		618,095
Profit and Loss Account			1,227,768		1,237,083

SHAREHOLDERS' FUNDS			1,845,973		1,855,288

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M.P.C. Properties Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Christie

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

M.P.C. Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01649657 . The registered office is Albion Mills House, Milford Street, Huddersfield, HD1 3DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	10% RB
Motor Vehicles	20% RB
Fixtures & Fittings	10% RB
Computer Equipment	20% RB

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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.

...CONTINUED

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M.P.C. Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	2,415,968	45,424	30,074	102,547

As at 31 December 2024	2,415,968	45,424	30,074	102,547

Depreciation
As at 1 January 2024	-	44,896	12,030	67,546
Provided during the period	-	53	3,608	3,500

As at 31 December 2024	-	44,949	15,638	71,046

Net Book Value
As at 31 December 2024	2,415,968	475	14,436	31,501

As at 1 January 2024	2,415,968	528	18,044	35,001


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	18,293	2,612,306

As at 31 December 2024	18,293	2,612,306

Depreciation
As at 1 January 2024	17,407	141,879
Provided during the period	177	7,338

As at 31 December 2024	17,584	149,217

Net Book Value
As at 31 December 2024	709	2,463,089

As at 1 January 2024	886	2,470,427

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M.P.C. Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	128,585	121,083
Corporation tax	12,758	6,528
Other taxes and social security	2,643	5,312
Pension liability	256	191
Directors' loan accounts	431,316	314,222

	575,558	447,336

6. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	20,097	24,293
Bank loans	14,897	217,556
Other loans	126,840	-

	161,834	241,849

7. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	20,097	24,293

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	110	110

9. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	618,095

As at 31 December 2024	618,095

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