REGISTERED NUMBER: 03173130 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

MANAGED PROPERTY SUPPLY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N D Morgan

Ms E Willson

SECRETARY:

Ms E Willson

REGISTERED OFFICE:

The Old Granary

Heath Road

Felmingham

North Walsham

Norfolk

NR28 0JN

REGISTERED NUMBER:

03173130 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

2a Church Street

North Walsham

Norfolk

NR28 9DA

FIXED ASSETS

Tangible assets

5

1,775,441

1,775,490

CURRENT ASSETS

Debtors

6

2,896

4,974

Cash at bank

30,940

34,303

33,836

39,277

CREDITORS

Amounts falling due within one year

7

84,059

89,531

NET CURRENT LIABILITIES

(50,223

)

(50,254

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,725,218

1,725,236

CREDITORS

Amounts falling due after more than one year

8

(334,358

)

(368,182

)

PROVISIONS FOR LIABILITIES

(255,000

)

(255,000

)

NET ASSETS

1,135,860

1,102,054

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,135,760

1,101,954

SHAREHOLDERS' FUNDS

1,135,860

1,102,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

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 10 October 2025 and were signed on its behalf by:

Mr N D Morgan - Director

Ms E Willson - Director

1.	STATUTORY INFORMATION

Managed Property Supply 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable in respect of property letting.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

No depreciation is provided on the freehold property as this is held for investment purposes and included in the balance sheet at open market value.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

and 31 May 2025

1,775,000

2,429

1,777,429

DEPRECIATION

At 1 June 2024

-

1,939

1,939

Charge for year

-

49

49

At 31 May 2025

-

1,988

1,988

NET BOOK VALUE

At 31 May 2025

1,775,000

441

1,775,441

At 31 May 2024

1,775,000

490

1,775,490

Investment properties have either been revalued by an external valuer within 5 years or by N D Morgan FRICS, Director, as at the year end date. If the investment properties brought forward had not been revalued they would have been shown at a cost of £886,720.

Cost or valuation at 31 May 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

908,280

-

908,280

Cost

866,720

2,429

869,149

1,775,000

2,429

1,777,429

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

280

2,140

Other debtors

2,616

2,834

2,896

4,974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,400

18,507

Trade creditors

993

39

Taxation and social security

10,019

15,112

Other creditors

54,647

55,873

84,059

89,531

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

160,691

176,645

Other creditors

173,667

191,537

334,358

368,182

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

103,501

114,737

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

179,091

195,152

Other loans

79,588

81,238

258,679

276,390

The above loans are secured against the company's freehold properties including a first legal charge and directors' guarantees.