REGISTERED NUMBER: 12288363 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 31 JANUARY 2025

FOR

MVS PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M V Steele

L M Steele

REGISTERED OFFICE:

1 Rushmills

Northampton

Northamptonshire

NN4 7YB

REGISTERED NUMBER:

12288363 (England and Wales)

ACCOUNTANTS:

TC Group

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Investments

4

100

-

Investment property

5

1,863,127

1,863,127

1,863,227

1,863,127

CURRENT ASSETS

Debtors

6

63

698

Cash at bank and in hand

64,546

6,514

64,609

7,212

CREDITORS

Amounts falling due within one year

7

557,273

635,773

NET CURRENT LIABILITIES

(492,664

)

(628,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,370,563

1,234,566

CREDITORS

Amounts falling due after more than one year

8

(1,077,404

)

(1,110,142

)

PROVISIONS FOR LIABILITIES

(29,267

)

(29,267

)

NET ASSETS

263,892

95,157

CAPITAL AND RESERVES

Called up share capital

10

200

100

Fair value reserve

87,802

87,802

Retained earnings

175,890

7,255

SHAREHOLDERS' FUNDS

263,892

95,157

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 30 October 2025 and were signed on its behalf by:

M V Steele - Director

1.	STATUTORY INFORMATION

MVS Property Management 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

Fixed asset investments

Fixed asset investments consist of investments in subsidiaries which are held at cost, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

Additions

100

At 31 January 2025

100

NET BOOK VALUE

At 31 January 2025

100

On 19 June 2024, MVS Property Management Limited purchased the entire share capital of Eclipse Communications Limited and became part of a group, of which MVS Property Management Limited is the parent company.

At 31 January 2025, MVS Property Management Limited owes Eclipse Communications Limited £311,052 (2023: £Nil).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 January 2025

1,863,127

NET BOOK VALUE

At 31 January 2025

1,863,127

At 31 October 2023

1,863,127

Fair value at 31 January 2025 is represented by:

£

Valuation in 2022

117,069

Cost

1,746,058

1,863,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Prepayments

63

698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

70,585

43,853

Amounts owed to group undertakings

311,052

-

Corporation tax

4,371

2,804

Directors' current accounts

163,739

587,372

Accruals and deferred income

7,526

1,744

557,273

635,773

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans - 1-2 years

70,585

43,853

Bank loans - 2-5 years

1,006,819

1,066,289

1,077,404

1,110,142

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Bank loans

1,147,989

1,153,995

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

£

100

Ordinary A

£1

100

50

100

Ordinary B

£1

100

50

200

100

On 19 June 2024, 50 Ordinary A and 50 Ordinary B additional shares were issued, which were allotted and fully paid.

11.	ULTIMATE CONTROLLING PARTY

The company is under control of L Steele and M Steele who owned 100% of the share capital.