Company Registration No. 09152047 (England and Wales)
MPHS Developments Limited
Unaudited accounts
for the year ended 31 March 2025
MPHS Developments Limited
Unaudited accounts
Contents
MPHS Developments Limited
Company Information
for the year ended 31 March 2025
Directors
MONUMENT, Clare Nicole
MONUMENT, Stuart Patrick
PYMM, Steven Mark
SHAW, Catherine Jane
Company Number
09152047 (England and Wales)
Registered Office
4 BER STREET
NORWICH
NR1 3EJ
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
MPHS Developments Limited
Statement of financial position
as at 31 March 2025
Tangible assets
772,123
750,000
Cash at bank and in hand
6,602
41,083
Creditors: amounts falling due within one year
(116,582)
(169,356)
Net current liabilities
(109,260)
(127,694)
Total assets less current liabilities
662,863
622,306
Provisions for liabilities
Deferred tax
(58,396)
(58,553)
Net assets
604,467
563,753
Called up share capital
100
100
Revaluation reserve
138,160
138,160
Profit and loss account
466,207
425,493
Shareholders' funds
604,467
563,753
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by
MONUMENT, Stuart Patrick
Director
Company Registration No. 09152047
MPHS Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
MPHS Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09152047. The registered office is 4 BER STREET, NORWICH, NR1 3EJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The surplus or deficit arising on the revaluation of freehold investment property, net of associated deferred tax, is credited or debited to the investment revaluation reserve.
The profit and loss account includes all current and prior period retained profit and losses.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% - Straight Line
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
MPHS Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
750,000
10,328
760,328
Additions
10,000
12,749
22,749
At 31 March 2025
760,000
23,077
783,077
At 1 April 2024
-
10,328
10,328
Charge for the year
-
626
626
At 31 March 2025
-
10,954
10,954
At 31 March 2025
760,000
12,123
772,123
At 31 March 2024
750,000
-
750,000
Amounts falling due within one year
Accrued income and prepayments
667
528
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
9,971
25,555
Other creditors
101,680
137,781
Loans from directors
1,950
1,950
7
Transactions with related parties
Included within other creditors is an interest free loan from Pymm & Co Lettings Limited, a related party by virtue of common directors and shareholders. At the year end, the Company owed £101,680 (2024: £137,781).
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).