MPI Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09595319

MPI Developments Limited

Filleted Unaudited Financial Statements

31 May 2024

MPI Developments Limited

Statement of Financial Position

31 May 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	4		3,869,396	–

Current assets

Debtors	5	542,481	100
Cash at bank and in hand		4,127	–
		---------	----
		546,608	100

Creditors: amounts falling due within one year	6	4,443,884		–
		------------		----
Net current (liabilities)/assets			( 3,897,276)	100
			------------	----
Total assets less current liabilities			( 27,880)	100
			--------	----
Net (liabilities)/assets			( 27,880)	100
			--------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 27,980)	–
	--------	----
Shareholders (deficit)/funds	( 27,880)	100
	--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Mr V B Goyal
Director

Company registration number: 09595319

MPI Developments Limited

Notes to the Financial Statements

Year ended 31 May 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Hornsby Square, Basildon, Essex, SS15 6SD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 June 2023	–
Additions	3,869,396
	------------
At 31 May 2024	3,869,396
	------------
Impairment
At 1 June 2023 and 31 May 2024	–
	------------

Carrying amount
At 31 May 2024	3,869,396
	------------
At 31 May 2023	–
	------------

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	158,000	–
Other debtors	384,481	100
	---------	----
	542,481	100
	---------	----

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Amounts owed by group undertakings	158,000	–
	---------	----

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to connected companies	509,531	–
Other creditors	3,934,353	–
	------------	----
	4,443,884	–
	------------	----