REGISTERED NUMBER: 11237945 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MD Properties (Leicester) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Dibbs

REGISTERED OFFICE:

The Stable House

Ingarsby Road

Keyham

Leiceatershire

LE7 9JU

REGISTERED NUMBER:

11237945 (England and Wales)

ACCOUNTANTS:

Langham & Co

11 Lathkill Street

Market Harborough

Leicestershire

LE16 9EY

FIXED ASSETS

Investment property

4

3,240,086

2,772,703

CURRENT ASSETS

Debtors

5

42,717

13,951

Cash at bank

89,097

4,467

131,814

18,418

CREDITORS

Amounts falling due within one year

6

344,234

546,935

NET CURRENT LIABILITIES

(212,420

)

(528,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,027,666

2,244,186

CREDITORS

Amounts falling due after more than one year

7

(2,348,616

)

(1,855,548

)

PROVISIONS FOR LIABILITIES

9

(166,875

)

(71,520

)

NET ASSETS

512,175

317,118

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

636,992

404,920

Retained earnings

11

(124,917

)

(87,902

)

SHAREHOLDERS' FUNDS

512,175

317,118

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.

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 30 December 2025 and were signed by:

M Dibbs - Director

1.	STATUTORY INFORMATION

MD Properties (Leicester) 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

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

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,772,703

Additions

117,962

Revaluations

349,421

At 31 March 2025

3,240,086

NET BOOK VALUE

At 31 March 2025

3,240,086

At 31 March 2024

2,772,703

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

300,000

Valuation in 2020

548,334

Valuation in 2021

510,495

Valuation in 2022

316,265

Valuation in 2023

765,574

Valuation in 2024

332,035

Valuation in 2025

467,383

3,240,086

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,890,665

2,653,843

Investment properties were valued on an open market basis on 31 March 2025 by qualified valuers for the finance lenders .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

13,910

790

Prepayments

28,807

13,161

42,717

13,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,096

1,069

Trade creditors

-

3,599

Other creditors

195,000

261,888

Directors' current accounts

139,756

274,531

Accruals and deferred income

8,382

5,848

344,234

546,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

4,670

4,555

Bank loans more 5 yr by instal

2,343,946

1,850,993

2,348,616

1,855,548

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,343,946

1,850,993

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

2,349,712

1,856,617

The bank loans are secured with a first and fixed charge on the investment properties of the company, both present and future, and a personal guarantee from the Director..

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Tax losses carried forward

(45,456

)

(23,462

)

Other timing differences

212,331

94,982

166,875

71,520

Deferred

tax

£

Balance at 1 April 2024

71,520

Charge to Income Statement during year

95,355

Balance at 31 March 2025

166,875

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(87,902

)

404,920

317,018

Profit for the year

195,057

195,057

Reserve transfer

(232,072

)

232,072

-

At 31 March 2025

(124,917

)

636,992

512,075

12.	RELATED PARTY DISCLOSURES

During the year the company paid management fees of £3,000 (2024: £1,500) and received an interest free loan of £25,000 (2024: £25,000) from Maurice Dibbs Financial Solutions Ltd, in which Mr M Dibbs is a director and shareholder:.