07415085falsethat of property development2024-02-012025-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/cd:Director12024-02-012025-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-02-012025-01-31http://www.companieshouse.gov.uk/pt:MotorCars2024-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-02-012025-01-31http://www.companieshouse.gov.uk/pt:MotorCars2025-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-02-012025-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/2024-02-012025-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FRS1022024-02-012025-01-31http://www.companieshouse.gov.uk/2025-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-02-012025-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-02-012025-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07415085
M P S Property (UK) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
Prepared By:
Greywalls Accountants Limited
13
Isis Lake
Cirencester
Gloucestershire
GL7 5LT
M P S Property (UK) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
DIRECTORS
J Fulbrook
REGISTERED OFFICE
3 Hamilton Gardens
Burnham
Slough
Berkshire
SL1 7AA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07415085
ACCOUNTANTS
Greywalls Accountants Limited
13
Isis Lake
Cirencester
Gloucestershire
GL7 5LT
M P S Property (UK) Limited
ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
M P S Property (UK) Limited
BALANCE SHEET AT 31/01/2025
20252024
Notes££
FIXED ASSETS
Tangible assets31,529,4781,574,003
CURRENT ASSETS
Stock40,00033,786
Debtors610,8364,962
Cash at bank and in hand33,2506,749
84,08645,497
CREDITORS: Amounts falling due within one year7985,553884,349
NET CURRENT LIABILITIES(901,467)(838,852)
TOTAL ASSETS LESS CURRENT LIABILITIES628,011735,151
CREDITORS: Amounts falling due after more than one year817,87356,265
PROVISIONS FOR LIABILITIES AND CHARGES9104,587118,013
NET ASSETS505,551560,873
CAPITAL AND RESERVES
Called up share capital1022
Revaluation reserve1e,11244,085244,085
Profit and loss account261,464316,786
SHAREHOLDERS' FUNDS505,551560,873
For the year ending 31/01/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/10/2025 and signed on their behalf by
.............................
J Fulbrook
Director
M P S Property (UK) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
M P S Property (UK) Limited
1f. Functional Currency
The functional currency of the company is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling.
Monetary amounts in these financial statements are rounded to the nearest £.
2. EMPLOYEES
20252024
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/02/2024296,057-296,057
Additions-7,1007,100
At 31/01/2025296,0577,100303,157
Depreciation
At 01/02/2024122,376-122,376
For the year59,0301,77560,805
At 31/01/2025181,4061,775183,181
Net Book Amounts
At 31/01/2025114,6515,325119,976
At 31/01/2024173,681-173,681
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/20241,400,3221,400,322
Additions9,1809,180
At 31/01/20251,409,5021,409,502
Investment properties are stated at fair values.
These have been determined by the director of the business, based on current prices in an active market for similar property in the same location and condition.
M P S Property (UK) Limited
5. STOCK 20252024
££
Stock comprises:
Stock40,00033,786
40,00033,786
6. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors9,7984,962
VAT1,038-
10,8364,962
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
VAT-2,362
Directors current account411,116346,386
Bank Loan5,6005,600
Hire purchase32,79237,492
Other creditors10,9684,000
Amounts due to group companies525,077488,509
985,553884,349
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr3,2678,867
Hire purchase >1yr14,60647,398
17,87356,265
M P S Property (UK) Limited
9. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation104,587118,013
104,587118,013
10. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
11. REVALUATION RESERVE 20252024
££
Revaluation reserve244,085244,085
244,085244,085
As at the year end, the company's director revalued the investment property held on an open market basis. The cumulative surplus on revaluation was £244,085 (2024 - £244,085).
12. CONTROLLING PARTY
The ultimate controlling party is J Fulbrook, by virtue of his shareholding in M P S Property (UK) Limiteds holding company.
The company's ultimate holding company is Maidenhead Holdings (UK) Limited.
13. RELATED PARTY TRANSACTIONS
As at 31 January 2025 the company owed Maidenhead Printing and Stationery Company Limited £66,895 (2024 - £62,060). Maidenhead Printing and Stationery Company Limited is a fellow subsidiary of Maidenhead Holdings (UK) Limited. The loan is non interest bearing, but is repayable on demand.
As at 31 January 2025 the company owed Maidenhead Holdings (UK) Limited £458,182 (2024 - £426,448). The loan is non interest bearing, but is repayable on demand.
14. PARENT UNDERTAKING
The company's ultimate parent undertaking is Maidenhead Holdins (UK) Limited. Whose registered office is 3 Hamilton Gardens, Burnham, Slough, Berkshire SL1 7AA.
M P S Property (UK) Limited
15. COMPANY INFORMATION
M P S Property UK Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07415085. The registered office is 3 Hamilton Gardens, Burnham, Slough, SL1 7AA.