Acorah Software Products - Accounts Production 19.4.300 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 06745353 A Bedi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06745353 2024-11-30 06745353 2025-11-30 06745353 2024-12-01 2025-11-30 06745353 frs-core:CurrentFinancialInstruments 2025-11-30 06745353 frs-core:Non-currentFinancialInstruments 2025-11-30 06745353 frs-core:OtherReservesSubtotal 2025-11-30 06745353 frs-core:ShareCapital 2025-11-30 06745353 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 06745353 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 06745353 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 06745353 frs-bus:SmallEntities 2024-12-01 2025-11-30 06745353 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 06745353 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 06745353 frs-bus:Director1 2024-12-01 2025-11-30 06745353 frs-countries:EnglandWales 2024-12-01 2025-11-30 06745353 2023-11-30 06745353 2024-11-30 06745353 2023-12-01 2024-11-30 06745353 frs-core:CurrentFinancialInstruments 2024-11-30 06745353 frs-core:Non-currentFinancialInstruments 2024-11-30 06745353 frs-core:OtherReservesSubtotal 2024-11-30 06745353 frs-core:ShareCapital 2024-11-30 06745353 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 06745353
MB Properties & Buildings Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House, 303 Ballards Lane
London
N12 8NP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06745353
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 1,958,071 1,958,071
1,958,071 1,958,071
CURRENT ASSETS
Debtors 6 7,836 5,958
Cash at bank and in hand 88,012 76,037
95,848 81,995
Creditors: Amounts Falling Due Within One Year 7 (148,359 ) (154,099 )
NET CURRENT ASSETS (LIABILITIES) (52,511 ) (72,104 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,905,560 1,885,967
Creditors: Amounts Falling Due After More Than One Year 8 (1,147,262 ) (1,134,753 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (94,262 ) (94,262 )
NET ASSETS 664,036 656,952
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 560,817 560,817
Income Statement 103,119 96,035
SHAREHOLDERS' FUNDS 664,036 656,952
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For the year ending 30 November 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 Income Statement.
On behalf of the board
A Bedi
Director
26 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MB Properties & Buildings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06745353 . The registered office is Global House, 303 Ballards Lane, London, N12 8NP.
The presentation currency of the financial statements is the Pound Sterling (£).
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 represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.
2.3. 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 income statement.
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tax on Profit
Tax Rate 2025 2024
2025 2024 £ £
Current tax
UK Corporation Tax 19.0% 19.0% 1,662 3,579
Total tax charge for the period 1,662 3,579
2025 2024
£ £
Profit before tax 8,746 18,223
Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) 1,662 3,579
Total tax charge for the period 1,662 3,579
5. Investment Property
2025
£
Fair Value
As at 1 December 2024 and 30 November 2025 1,958,071
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,958,071 1,958,071
The fair value of the property at November 2025 has been arrived at on the basis of a valuation carried out at the date by Mr Bedi, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takers takes into account the rental in the area where the properties are situated.
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,836 3,556
Due after more than one year
Other debtors - 2,402
7,836 5,958
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,762
Amounts owed to group undertakings 95,000 95,130
Other creditors 51,697 52,628
Taxation and social security 1,662 3,579
148,359 154,099
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,147,262 1,134,753
The bank loans are secured by first legal charges over the properties of the company.
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 94,262 94,262
10. Related Party Transactions
Included in creditors is an amount of £46,706 (2024: £46,576) owed to Mr A Bedi, the director of the company. Also included in other creditors is an amount of £95,000 (2024: £95,130) owed to Bedico Ltd, a company controlled by Mr A Bedi.
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