Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13247385 Mr M Lindsey Mrs P Lindsey Miss I M Lindsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13247385 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-03-31 13247385 2024-03-31 13247385 2025-03-31 13247385 2024-04-01 2025-03-31 13247385 frs-core:CurrentFinancialInstruments 2025-03-31 13247385 frs-core:Non-currentFinancialInstruments 2025-03-31 13247385 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 13247385 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 13247385 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13247385 frs-core:ShareCapital 2025-03-31 13247385 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13247385 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13247385 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13247385 frs-bus:SmallEntities 2024-04-01 2025-03-31 13247385 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13247385 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13247385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-01 2025-03-31 13247385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 13247385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 13247385 frs-bus:Director1 2024-04-01 2025-03-31 13247385 frs-bus:Director2 2024-04-01 2025-03-31 13247385 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 13247385 frs-countries:EnglandWales 2024-04-01 2025-03-31 13247385 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 13247385 2023-03-31 13247385 2024-03-31 13247385 2023-04-01 2024-03-31 13247385 frs-core:CurrentFinancialInstruments 2024-03-31 13247385 frs-core:Non-currentFinancialInstruments 2024-03-31 13247385 frs-core:ShareCapital 2024-03-31 13247385 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13247385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 13247385
MPI Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13247385
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 570,000 550,000
570,000 550,000
CURRENT ASSETS
Debtors 5 252 215
Cash at bank and in hand 2,103 3,531
2,355 3,746
Creditors: Amounts Falling Due Within One Year 6 (277,912 ) (278,942 )
NET CURRENT ASSETS (LIABILITIES) (275,557 ) (275,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES 294,443 274,804
Creditors: Amounts Falling Due After More Than One Year 7 (244,491 ) (244,491 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,029 ) (9,229 )
NET ASSETS 36,923 21,084
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 55,545 39,345
Profit and Loss Account (18,722 ) (18,361 )
SHAREHOLDERS' FUNDS 36,923 21,084
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs P Lindsey
Director
09/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MPI Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13247385 . The registered office is Downfield, Surrey Gardens, Effingham Junction, Surrey, KT24 5HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income and is measured at the fair value of the consideration received or receivable.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
Debt instruments, other than those wholly repayable within one year, are measured at transaction price including transaction costs.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2024 550,000
Revaluation 20,000
As at 31 March 2025 570,000
Net Book Value
As at 31 March 2025 570,000
As at 1 April 2024 550,000
Cost or valuation as at 31 March 2025 represented by:
Investment Properties
£
At cost 550,000
At valuation 20,000
570,000
The investment property has been restated to fair value at the balance sheet date using an informal indicative valuation obtained from the letting agent. The change in fair value has been recognised in the profit and loss account and then transferred to the fair value reserve, net of a provision for corporation tax.
The value of the investment property at historic cost would be £501,426 (including SDLT and acquisition costs).
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 252 215
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 277,664 277,442
Taxation and social security 248 1,500
277,912 278,942
Included within other creditors is a directors' loan of £273,948 (2024 £273,636). This amount is currently loaned interest free and is repayable upon demand, although the directors have confirmed that they will not withdraw their loan to the detriment of the company or its other creditors.
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 244,491 244,491
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 244,491 244,491
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. The loan is secured on the underlying asset, and is interest only.
2025 2024
£ £
Bank loans and overdrafts 244,491 244,491
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 39,345
Transfer to profit and loss 16,200
As at 31 March 2025 55,545
11. Operating lease commitments receivable as a lessor
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Amounts receivable under non-cancellable operating leases for land and buildings are £12,945 (2024 £12,575), all less than one year.
Page 6