Mpg Property Management Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04854328 (England and Wales)

MPG PROPERTY MANAGEMENT COMPANY LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Gillott

M Gillott

SECRETARY:

M Gillott

REGISTERED OFFICE:

300 Cemetery Road

Sheffield

South Yorkshire

S11 8FT

REGISTERED NUMBER:

04854328 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

4

700

1,000

Investments

5

100

Investment property

6

10,110,000

10,110,800

10,111,100

CURRENT ASSETS

Debtors

7

921,662

979,504

Cash at bank

48,629

44,578

970,291

1,024,082

CREDITORS

Amounts falling due within one year

8

833,930

956,058

NET CURRENT ASSETS

136,361

68,024

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,247,161

10,179,124

CREDITORS

Amounts falling due after more than one
year

9

(4,781,780

)

(4,875,622

)

PROVISIONS FOR LIABILITIES

(228,160

)

(227,776

)

NET ASSETS

5,237,221

5,075,726

CAPITAL AND RESERVES

Called up share capital

10

1,002

Share premium

2,646,492

Fair value reserve

11

1,142,805

Retained earnings

1,446,922

1,285,427

SHAREHOLDERS' FUNDS

5,237,221

5,075,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2025 and were signed on its behalf by:

M Gillott - Director

P Gillott - Director

1.	STATUTORY INFORMATION

Mpg Property Management Company Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

30% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

22,480

DEPRECIATION

At 1 April 2024

21,480

Charge for year

300

At 31 March 2025

21,780

NET BOOK VALUE

At 31 March 2025

700

At 31 March 2024

1,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

10,110,000

NET BOOK VALUE

At 31 March 2025

10,110,000

At 31 March 2024

10,110,000

Investment property is valued at fair value, based on a full valuation report done by external independent valuers in December 2021, and rolled forward by the directors based on their knowledge of the local market since then.The full valuation gave information on the market value having regard to the existing tenancies.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

17,476

32,507

Amounts owed by group undertakings

851,910

894,337

Other debtors

52,276

52,660

921,662

979,504

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

93,878

93,795

Trade creditors

15,836

55,807

Amounts owed to group undertakings

457,978

557,065

Taxation and social security

152,406

123,701

VAT

14,550

6,492

Other creditors

11,175

11,325

Directors' current accounts

9,544

241

Accruals and deferred income

60,567

57,054

Accrued expenses

17,996

50,578

833,930

956,058

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

100,628

93,909

Bank loans - 2-5 years

4,680,346

4,776,068

Bank loans more 5 yr by instal

806

5,645

4,781,780

4,875,622

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

806

5,645

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,002

Ordinary

1002

1,002

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

1,142,805

12.	SECURED LIABILITIES

The land and buildings in these accounts, including fixed plant and machinery within them, has been given as security for the bank loan.