M.M.S. Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03963092 (England and Wales)

M.M.S. Properties Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr S Kemal

SECRETARY:

Mrs A Kemal

REGISTERED OFFICE:

64-68 Stewart's Road

London

SW8 4DE

REGISTERED NUMBER:

03963092 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M.M.S. Properties Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M.M.S. Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.M.S. Properties Limited and state those matters that we have agreed to state to the director of M.M.S. Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.M.S. Properties Limited and its director for our work or for this report.

It is your duty to ensure that M.M.S. Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.M.S. Properties Limited. You consider that M.M.S. Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.M.S. Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

29 December 2025

FIXED ASSETS

Investment property

4

1,900,000

CURRENT ASSETS

Debtors

5

604,513

701,663

Cash at bank and in hand

37,513

28,662

642,026

730,325

CREDITORS

Amounts falling due within one year

6

112,146

97,879

NET CURRENT ASSETS

529,880

632,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,429,880

2,532,446

CREDITORS

Amounts falling due after more than one
year

7

(1,363,475

)

(1,369,347

)

PROVISIONS FOR LIABILITIES

8

(202,555

)

(202,555

)

NET ASSETS

863,850

960,544

CAPITAL AND RESERVES

Called up share capital

9

300

Fair value reserve

10

863,526

Retained earnings

10

24

96,718

SHAREHOLDERS' FUNDS

863,850

960,544

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr S Kemal - Director

1.	STATUTORY INFORMATION

M.M.S. Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised at the end of the quarter when the rent is due.

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,900,000

NET BOOK VALUE

At 31 March 2025

1,900,000

At 31 March 2024

1,900,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,066,081

Cost

833,919

1,900,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

833,919

The investment property was valued on a fair value basis on 31 March 2025 by Mr S Kemal, the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

604,513

701,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,810

5,667

Trade creditors

1,834

1,273

Taxation and social security

55,121

45,163

Other creditors

49,381

45,776

112,146

97,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

1,363,475

1,369,347

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,360,586

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

202,555

Deferred

tax

£

Balance at 1 April 2024

202,555

Balance at 31 March 2025

202,555

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

300

Ordinary

£1

300

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

96,718

863,526

960,244

Profit for the year

32,906

Dividends

(129,600

)

(129,600

)

At 31 March 2025

24

863,526

863,550

11.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to key management personnel of £195 (2024: £394) at balance sheet date. No interest was charged on this balance and it is repayable on demand.

Included within other debtors are amounts due from a company that was controlled by the director during the year of £604,513 (2024: £701,663) at balance sheet date. No interest was charged on this balance and it is repayable on demand.