| MB Real Estate Ltd |
|
| Report to the director on the preparation of the unaudited statutory accounts of MB Real Estate Ltd for the year ended 28 February 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MB Real Estate Ltd for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Coalesco Accountants Limited |
| Chartered Certified Accountants |
| 156 Russell Drive |
| Wollaton |
| Nottingham |
| NG8 2BE |
|
| 9 October 2025 |
|
| MB Real Estate Ltd |
| Registered number: |
11216245 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
268,663 |
|
|
269,323 |
|
| Current assets |
| Debtors |
4 |
|
1 |
|
|
1 |
| Cash at bank and in hand |
|
|
3,371 |
|
|
4,489 |
|
|
|
3,372 |
|
|
4,490 |
|
| Creditors: amounts falling due within one year |
5 |
|
(6,061) |
|
|
(1,061) |
|
| Net current (liabilities)/assets |
|
|
|
(2,689) |
|
|
3,429 |
|
| Total assets less current liabilities |
|
|
|
265,974 |
|
|
272,752 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(294,124) |
|
|
(286,124) |
|
|
|
| Net liabilities |
|
|
|
(28,150) |
|
|
(13,372) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(28,151) |
|
|
(13,373) |
|
| Shareholder's funds |
|
|
|
(28,150) |
|
|
(13,372) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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 B Walker |
| Director |
| Approved by the board on 9 October 2025 |
|
| MB Real Estate Ltd |
| Notes to the Accounts |
| for the year ended 28 February 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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable in residential property rent. |
|
|
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: |
|
|
Freehold buildings |
0% |
|
Fixtures, fittings, tools and equipment |
over 3 years |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
(Including unpaid directors) |
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 March 2024 |
268,662 |
|
4,562 |
|
273,224 |
|
At 28 February 2025 |
268,662 |
|
4,562 |
|
273,224 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
- |
|
3,901 |
|
3,901 |
|
Charge for the year |
- |
|
660 |
|
660 |
|
At 28 February 2025 |
- |
|
4,561 |
|
4,561 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
268,662 |
|
1 |
|
268,663 |
|
At 29 February 2024 |
268,662 |
|
661 |
|
269,323 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
6,061 |
|
1,061 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
213,025 |
|
213,025 |
|
Amounts owed to associated company |
81,099 |
|
73,099 |
|
|
|
|
|
|
294,124 |
|
286,124 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
213,025 |
|
213,025 |
|
|
|
|
|
|
|
|
|
|
There is a charge registered in 2019 with Charter Court Financial Services Limited held over the freehold property. |
|
There are two charges registered in 2020 with Lendinvest Secutity Trustees Limited held over the freehold property, which were satisfied on 17th September 2021. |
|
There is a charge registered in 2021 with Lendinvest Btl Limited held over the freehold property. |
|
| 8 |
Other information |
|
|
MB Real Estate Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Old Nursery Gardens |
|
Tansley |
|
Matlock |
|
DE4 5QN |