MBEProperty Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09167088

MBEProperty Ltd.

Filleted Unaudited Financial Statements

31 March 2025

MBEProperty Ltd.

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

MBEProperty Ltd.

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		134,944	136,460

Current assets

Cash at bank and in hand	865		268

Creditors: amounts falling due within one year	6	154,956		126,521
		---------		---------
Net current liabilities			154,091	126,253
			---------	---------
Total assets less current liabilities			( 19,147)	10,207

Creditors: amounts falling due after more than one year	7	156,760	156,760
		---------	---------
Net liabilities		( 175,907)	( 146,553)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 175,908)	( 146,554)
	---------	---------
Shareholders deficit	( 175,907)	( 146,553)
	---------	---------

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 March 2025 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 9 December 2025 , and are signed on behalf of the board by:

Mr B Manuel
Director

Company registration number: 09167088

MBEProperty Ltd.

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92 Headcorn Drive, Canterbury, Kent, CT2 7TX, United Kingdom.

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.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the rent received and represents amounts receivable on the accruals basis, stated net of discounts. Revenue in the form of Rental Income is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	1% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	151,620	620	152,240
	---------	----	---------
Depreciation
At 1 April 2024	15,160	620	15,780
Charge for the year	1,516	–	1,516
	---------	----	---------
At 31 March 2025	16,676	620	17,296
	---------	----	---------
Carrying amount
At 31 March 2025	134,944	–	134,944
	---------	----	---------
At 31 March 2024	136,460	–	136,460
	---------	----	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	154,956	126,521
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	156,760	156,760
	---------	---------

The bank loan is secured against the property in the company.

8. Director's advances, credits and guarantees

At the year end the company owed the director £89,723 (2024: £71,288).

9. Related party transactions

At the year end the company owed a shareholder £62,633 (2024: £52,633).