Unaudited Financial Statements

for the Year Ended 31 March 2026

for

MLRS Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Staples

Mrs C Staples

REGISTERED OFFICE:

Mayfield House

Rogate

Petersfield

Hampshire

GU31 5HN

REGISTERED NUMBER:

09858198 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

-

324

Investment property

5

2,217,452

2,217,452

2,217,452

2,217,776

CURRENT ASSETS

Debtors

6

35,304

40,647

Cash at bank

3,425

30,803

38,729

71,450

CREDITORS

Amounts falling due within one year

7

1,283,426

1,283,800

NET CURRENT LIABILITIES

(1,244,697

)

(1,212,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

972,755

1,005,426

PROVISIONS FOR LIABILITIES

96,424

96,424

NET ASSETS

876,331

909,002

CAPITAL AND RESERVES

Called up share capital

9

7

7

Revaluation reserve

10

352,062

352,062

Retained earnings

524,262

556,933

SHAREHOLDERS' FUNDS

876,331

909,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

A D Staples - Director

1.	STATUTORY INFORMATION

MLRS Properties 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

and 31 March 2026

1,943

DEPRECIATION

At 1 April 2025

1,619

Charge for year

324

At 31 March 2026

1,943

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

324

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,217,452

NET BOOK VALUE

At 31 March 2026

2,217,452

At 31 March 2025

2,217,452

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

27,678

Valuation in 2019

(31,877

)

Valuation in 2020

17,325

Valuation in 2021

40,000

Valuation in 2022

480,288

Valuation in 2023

(85,161

)

Cost

1,769,199

2,217,452

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

34,175

39,552

Prepayments

1,129

1,095

35,304

40,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,724

2,856

Tax

-

655

VAT

2,853

4,607

Directors' current accounts

1,261,905

1,253,542

Accruals and deferred income

14,944

22,140

1,283,426

1,283,800

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

6,199

-

Between one and five years

9,298

-

15,497

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

7

Ordinary

£1

7

7

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

352,062