| MKA Property Ltd |
| Registered number: |
10249033 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
8,010 |
|
|
9,800 |
| Investments |
4 |
|
|
3,580,000 |
|
|
2,970,000 |
|
|
|
|
3,588,010 |
|
|
2,979,800 |
|
| Current assets |
| Debtors |
5 |
|
180,000 |
|
|
256,000 |
| Cash at bank and in hand |
|
|
145,014 |
|
|
47,286 |
|
|
|
325,014 |
|
|
303,286 |
|
| Creditors: amounts falling due within one year |
6 |
|
(510,439) |
|
|
(380,521) |
|
| Net current liabilities |
|
|
|
(185,425) |
|
|
(77,235) |
|
| Total assets less current liabilities |
|
|
|
3,402,585 |
|
|
2,902,565 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,563,582) |
|
|
(1,418,461) |
|
| Provisions for liabilities |
|
|
|
(262,452) |
|
|
(190,409) |
|
|
| Net assets |
|
|
|
1,576,551 |
|
|
1,293,695 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Fair value reserve |
8 |
|
|
965,136 |
|
|
749,007 |
| Profit and loss account |
|
|
|
611,315 |
|
|
544,588 |
|
| Shareholders' funds |
|
|
|
1,576,551 |
|
|
1,293,695 |
|
|
|
|
|
|
|
|
| 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. |
|
|
| Mr M Ashworth |
| Director |
| Approved by the board on 26 September 2025 |
|
| MKA Property Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Furniture and equipment |
over 10 years |
|
|
Investments |
|
Property 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. 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. 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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Furniture and equipment |
| £ |
|
Cost |
|
At 1 April 2024 |
24,748 |
|
Additions |
759 |
|
At 31 March 2025 |
25,507 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
14,948 |
|
Charge for the year |
2,549 |
|
At 31 March 2025 |
17,497 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
8,010 |
|
At 31 March 2024 |
9,800 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
2,970,000 |
|
Additions |
306,828 |
|
Revaluation |
303,172 |
|
|
At 31 March 2025 |
3,580,000 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
180,000 |
|
256,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
3,946 |
|
3,946 |
|
Taxation and social security costs |
4,344 |
|
25,062 |
|
Other creditors |
502,149 |
|
351,513 |
|
|
|
|
|
|
510,439 |
|
380,521 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
18,679 |
|
23,057 |
|
Other creditors |
1,544,903 |
|
1,395,404 |
|
|
|
|
|
|
1,563,582 |
|
1,418,461 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
749,007 |
|
599,999 |
|
Gain on fair value of property investments |
288,172 |
|
198,677 |
|
Deferred taxation arising on the fair value of property investments |
(72,043) |
|
(49,669) |
|
|
At 31 March 2025 |
965,136 |
|
749,007 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
An outstanding loan from a connected company of £50,000 was written off in the year. The company also received a loan of £165,809 from the directors, with £420,860 outstanding at the balance sheet date. This outstanding loan balance is included in other creditors. The loan is repayable on demand, and interest is charged at a variable rate below 1% per annum. |
|
|
| 10 |
Other information |
|
|
MKA Property Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
44 Isaacson Road |
|
Burwell |
|
Cambridge |
|
CB25 0AF |