MFBR PROPERTY 2 LTD


Directors	BOATWRIGHT, Matthew Frederick
	POWER, Barnie Reece


Registered Address	158 Northdown Road Cliftonville
	Margate
	CT9 2QN


Registered Number	15747172 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025
		£	£
Fixed assets
Investment property	3		626,778
			626,778
Current assets
Debtors	4	55,902
Cash at bank and on hand		2
		55,904
Creditors amounts falling due within one year	5	(700,079)
Net current assets (liabilities)			(644,175)
Total assets less current liabilities			(17,397)
Net assets			(17,397)
Capital and reserves
Called up share capital			2
Profit and loss account			(17,399)
Shareholders' funds			(17,397)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 December 2025, and are signed on its behalf by:

POWER, Barnie Reece
Director
Registered Company No. 15747172

MFBR PROPERTY 2 LTD

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Investment property


		£
	Additions	626,778
	At 31 March 25	626,778

4.	Debtors: amounts due within one year

		2025
		£
	Amounts owed by associates and joint ventures / participating interests	17,621
	Other debtors	38,281
	Total	55,902

5.	Creditors: amounts due within one year

		2025
		£
	Bank borrowings and overdrafts	3
	Amounts owed to related parties	618,265
	Other creditors	80,310
	Accrued liabilities and deferred income	1,501
	Total	700,079


	There is a fixed and floating charge over the assets of the company, registered at Companies House.

6.	Related party transactions
	At the balance sheet date, the company was owed by a director £32,081. At the balance sheet date, the company owed a director £11,310. At the balance sheet date, the company was owed by a company owned within common control £17,621. At the balance sheet date, the company owed a company owned within common control £40,562. At the balance sheet date, the company owed a company owned within common control £44,394. At the balance sheet date, the company owed a company owned within common control £480,492 At the balance sheet date, the company owed a company owned within common control £16,237. At the balance sheet date, the company owed a company owned within common control £36,580.

Related party transactions

At the balance sheet date, the company was owed by a director £32,081.

At the balance sheet date, the company owed a director £11,310.

At the balance sheet date, the company was owed by a company owned within common control £17,621.

At the balance sheet date, the company owed a company owned within common control £40,562.

At the balance sheet date, the company owed a company owned within common control £44,394.

At the balance sheet date, the company owed a company owned within common control £480,492

At the balance sheet date, the company owed a company owned within common control £16,237.

At the balance sheet date, the company owed a company owned within common control £36,580.