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Registered number: 12644964
Mbk Assets Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
MJH Accountants Limited
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF
Mbk Assets Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Mbk Assets Ltd
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 12644964

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 12,729 |  | 9,145
Investment Properties | 5 |  | 3,350,000 |  | 1,390,000
|  |  | 3,362,729 |  | 1,399,145
CURRENT ASSETS
Debtors | 6 | 51,778 |  | 25,075 |
Cash at bank and in hand |  | 71,154 |  | 92,162 |
|  | 122,932 |  | 117,237 |
Creditors: Amounts Falling Due Within One Year | 7 | (579,499 ) |  | (431,243 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (456,567 ) |  | (314,006 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,906,162 |  | 1,085,139
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,562,166 ) |  | (1,031,839 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (85,946 ) |  | (13,257 )
NET ASSETS |  |  | 258,050 |  | 40,043
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Other reserves |  |  | 571,405 |  | 148,672
Profit and Loss Account |  |  | (313,356 ) |  | (108,630 )
SHAREHOLDERS' FUNDS |  |  | 258,050 |  | 40,043

Page 1
Page 2
Mbk Assets Ltd
Balance Sheet (continued)
As At 30 September 2025
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr M B Knowles Director
30 June 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Mbk Assets Ltd
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Mbk Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12644964 . The registered office is 2 Miller Lane, Cottam, Preston, Lancashire, PR4 0ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover
Turnover represents rental income receivable from investment properties and is recognised on an accruals basis over the period to which the rental relates.
Rental income received in advance is included within deferred income until the related period has elapsed.
Tenant deposits are recognised as amounts payable until they are either refunded to the tenant or applied in accordance with the terms of the tenancy agreement. Where deposits are transferred to an authorised tenancy deposit scheme, a corresponding asset is recognised to reflect the company's right to recover the funds from the scheme
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on written down value
Fixtures & Fittings | 20% on written down value

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
Mbk Assets Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 October 2024 | 9,120 | 718 | 9,838
Additions | 7,800 | - | 7,800
As at 30 September 2025 | 16,920 | 718 | 17,638
Depreciation
As at 1 October 2024 | 380 | 313 | 693
Provided during the period | 4,135 | 81 | 4,216
As at 30 September 2025 | 4,515 | 394 | 4,909
Net Book Value
As at 30 September 2025 | 12,405 | 324 | 12,729
As at 1 October 2024 | 8,740 | 405 | 9,145

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 12,405 |  | 8,740

Page 4
Page 5
Mbk Assets Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 October 2024 | 1,390,000
Additions | 1,396,356
Fair value adjustments | 563,644
As at 30 September 2025 | 3,350,000

6. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by participating interests | 47,823 |  | -
Other debtors | 3,955 |  | 25,075
| 51,778 |  | 25,075

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,779 |  | 2,650
Bank loans and overdrafts | 270,000 |  | -
Other loans | 214,302 |  | 232,980
Amounts owed to participating interests | 57,715 |  | 192,713
Other creditors | 32,703 |  | 2,900
| 579,499 |  | 431,243

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 5,513 |  | 5,079
Bank loans | 1,880,653 |  | 636,760
Other loans | 676,000 |  | 390,000
| 2,562,166 |  | 1,031,839

Page 5
Page 6
Mbk Assets Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,779 |  | 2,650
Later than one year and not later than five years | 5,513 |  | 5,079
| 10,292 |  | 7,729
| 10,292 |  | 7,729

10. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 6