| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| FOR |
| MP GROUP SERVICES LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| FOR |
| MP GROUP SERVICES LIMITED |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Accountants' Report | 13 |
| MP GROUP SERVICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 55 Loudoun Road |
| St John's Wood |
| London |
| NW8 0DL |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| STATEMENT OF FINANCIAL POSITION |
| 29 DECEMBER 2024 |
| 29.12.24 | 29.12.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| MP Group Services Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Computer equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors and creditors receivable / payable within one year |
| 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. |
| Cash and cash equivalent |
| Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 30 December 2023 |
| and 29 December 2024 |
| DEPRECIATION |
| At 30 December 2023 |
| Charge for year |
| At 29 December 2024 |
| NET BOOK VALUE |
| At 29 December 2024 |
| At 29 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.12.24 | 29.12.23 |
| value: | £ | £ |
| Ordinary | 1 | 1 | 1 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 30 December 2023 |
| Profit for the year |
| At 29 December 2024 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| LFDO Developments Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 377,892 | 347,892 |
| Woodberry Management Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 57,873 | 57,873 |
| EMCO Properties Ltd |
| A company under the control of a close family member of the director and shareholder of this company. |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 13,151 | 13,151 |
| MPG Payroll Services Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 179,885 | 30,000 |
| Dunphys Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 106,638 | 136,638 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| Buy To Let Investments Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 392,382 | 402,382 |
| Yishlet Properties Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| 2 | £ | £ |
| Amount due from related party at the balance sheet date | 315,108 | 290,108 |
| The Feathers Chester Street Wrexham Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 108,164 | 93,164 |
| Freehold Reversions 4 Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 71,855 | 96,855 |
| Ground Rent Trading Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party at the balance sheet date | 960,478 | 720,478 |
| Ground Rent Trading (Liverpool) Ltd |
| A company under common control |
| The amount is payable on demand. |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 202,062 | 212,062 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| Robshaw South West Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 17,175 | 17,175 |
| Moreland Commercial Investments Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 19,386 | 19,386 |
| Elyar Properties Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 46,576 | 46,576 |
| 9 Rosary Gardens Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 12,510 | 12,510 |
| Lighthouse Building Management Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 66,470 | 66,470 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| Moreland Estate Management Ltd |
| A company under common control |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due from/(to) related party at the balance sheet date | 15,41,435 | 926,038 |
| Moreland Property Group Ltd |
| The parent company. |
| The amount is payable on demand. |
| 2024 | 2023 |
| £ | £ |
| Amount due to related party at the balance sheet date | 837,777 | 837,777 |
| MW Freeholds Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 187,082 |
| Ground Rent Investments (UK) Limited |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 67,083 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 9. | RELATED PARTY DISCLOSURES - continued |
| Chancery Lane Investments Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 1,295,606 |
| Residential Freeholds Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 1,797,577 |
| The Ground Rent Trst Ltd |
| A company under common control |
| This amount is payable on demand. |
| 8 Cole Street Ltd |
| A company under common control |
| This amount is payable on demand. |
| Edmund Kirby Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 7,385 |
| MP GROUP SERVICES LIMITED (REGISTERED NUMBER: 11699465) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2024 |
| 9. | RELATED PARTY DISCLOSURES - continued |
| Friars House Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 42,698 |
| Reelstone Property Holdings Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 649,383 |
| 392 to 402 Lillie Road Ltd |
| A company under common control |
| This amount is payable on demand. |
| 29.12.24 | 29.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | - | 28,634 |
| 10. | ULTIMATE CONTROLLING PARENT |
| The controlling party is Moreland Property Group Ltd. |
| ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| MP GROUP SERVICES LIMITED |
| 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 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 MP Group Services Limited for the year ended 29 December 2024 which comprise the Income Statement, Statement of Financial Position 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 MP Group Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MP Group Services Limited and state those matters that we have agreed to state to the director of MP Group Services 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 MP Group Services Limited and its director for our work or for this report. |
| It is your duty to ensure that MP Group Services 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 MP Group Services Limited. You consider that MP Group Services 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 MP Group Services 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. |
| Chartered Accountants |
| 55 Loudoun Road |
| St John's Wood |
| London |
| NW8 0DL |