MTAG PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MTAG PROPERTIES LIMITED
COMPANY INFORMATION
Directors
Mr T Ahmad
Dr A Ahmed
Company number
09656850 (England and Wales)
Registered office
14 Petrel Close
Rochdale
Lancashire
OL11 5QT
Accountants
Ashworth Moulds
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
MTAG PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MTAG PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
947,682
305,154
Current assets
Debtors
4
1,297
156
Cash at bank and in hand
1,635
1,507
2,932
1,663
Creditors: amounts falling due within one year
5
(602,387)
(197,651)
Net current liabilities
(599,455)
(195,988)
Total assets less current liabilities
348,227
109,166
Creditors: amounts falling due after more than one year
6
(217,038)
(95,330)
Provisions for liabilities
7
(30,461)
(3,000)
Net assets
100,728
10,836
Capital and reserves
Called up share capital
8
200
200
Other reserves
91,384
9,000
Profit and loss reserves
9,144
1,636
Total equity
100,728
10,836

The notes on pages pages 3 to 5 form an integral part of these financial statements.

MTAG PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 March 2026 and are signed on its behalf by:
Mr T Ahmad
Dr A Ahmed
Director
Director
Company registration number 09656850 (England and Wales)
MTAG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

MTAG Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Petrel Close, Rochdale, Lancashire, OL11 5QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents income derived from the letting of property.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting account date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

A financial instrument is a contract giving rise to a financial asset (such as trade and other debtors, cash and bank balances) or a financial liability (such as trade and other creditors, bank and other loans, hire purchase and lease creditors) or an equity instrument (such as ordinary or preference shares).

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

All the company's financial instruments are basic financial instruments and are recognised at amortised cost using the effective interest method.

Amortised cost: the original transaction value, less amounts settled, less any adjustment for impairment.

Effective interest method: where a financial instrument falls due more than 12 months after the balance sheet date and is subject to a rate of interest which is below a market rate, the original transaction value is discounted using a market rate of interest to give the net present value of future cash flows.

Derecognition of financial assets

Financial assets cease to be recognised only when the contractual rights to the cash flows expire, or when substantially all the risks and rewards of ownership are transferred to another entity.

Financial liabilities cease to be recognised when and only when the company's obligations are discharged, cancelled, or they expire.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MTAG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

D eferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to reserves, in which case the deferred tax is also dealt with in reserves.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 July 2024
305,154
Additions
532,682
Revaluations
109,846
At 30 June 2025
947,682

The directors have valued the company's investment properties at 3 0th June 20 25 on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
1,297
156
MTAG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
3,494
907
Corporation tax
1,723
-
0
Directors' loan account
581,536
189,055
Other creditors
8,135
3,123
Accruals and deferred income
7,499
4,566
602,387
197,651
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
217,038
95,330
Creditors which fall due after five years are payable as follows:
Payable by instalments
200,308
91,047

The borrowing is secured on the investment property to which it relates.

7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
30,461
3,000
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
200
200
200
200
2025-06-30 2024-07-01 false false false 05 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr T Ahmad Dr A Ahmed 09656850 2024-07-01 2025-06-30 09656850 bus:Director1 2024-07-01 2025-06-30 09656850 bus:Director2 2024-07-01 2025-06-30 09656850 bus:RegisteredOffice 2024-07-01 2025-06-30 09656850 2025-06-30 09656850 2024-06-30 09656850 core:WithinOneYear 2025-06-30 09656850 core:WithinOneYear 2024-06-30 09656850 core:AfterOneYear 2025-06-30 09656850 core:AfterOneYear 2024-06-30 09656850 core:ShareCapital 2025-06-30 09656850 core:ShareCapital 2024-06-30 09656850 core:OtherMiscellaneousReserve 2025-06-30 09656850 core:OtherMiscellaneousReserve 2024-06-30 09656850 core:RetainedEarningsAccumulatedLosses 2025-06-30 09656850 core:RetainedEarningsAccumulatedLosses 2024-06-30 09656850 core:ShareCapitalOrdinaryShareClass1 2025-06-30 09656850 core:ShareCapitalOrdinaryShareClass1 2024-06-30 09656850 2023-07-01 2024-06-30 09656850 2024-06-30 09656850 core:CurrentFinancialInstruments 2025-06-30 09656850 core:CurrentFinancialInstruments 2024-06-30 09656850 core:Non-currentFinancialInstruments 2025-06-30 09656850 core:Non-currentFinancialInstruments 2024-06-30 09656850 core:Non-currentFinancialInstruments core:MoreThanFiveYears 2025-06-30 09656850 core:Non-currentFinancialInstruments core:MoreThanFiveYears 2024-06-30 09656850 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 09656850 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 09656850 bus:OrdinaryShareClass1 2025-06-30 09656850 bus:OrdinaryShareClass1 2024-06-30 09656850 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 09656850 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 09656850 bus:FRS102 2024-07-01 2025-06-30 09656850 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 09656850 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP