M & P Acquisitions Ltd
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Notes to the Accounts |
for the year ended 31 July 2019
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1 |
Accounting policies |
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Basis of preparation |
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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).
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Turnover |
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Turnover consist of rent received in respect of the accounting period.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Freehold buildings |
over 50 years |
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2 |
Employees |
2019 |
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2018 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 August 2018 |
49,041 |
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Additions |
77,578 |
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At 31 July 2019 |
126,619 |
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Depreciation |
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At 1 August 2018 |
680 |
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Charge for the year |
865 |
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At 31 July 2019 |
1,545 |
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Net book value |
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At 31 July 2019 |
125,074 |
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At 31 July 2018 |
48,361 |
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4 |
Creditors: amounts falling due within one year |
2019 |
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2018 |
£ |
£ |
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Trade creditors |
1,233 |
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743 |
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Other creditors |
131,080 |
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51,970 |
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132,313 |
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52,713 |
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5 |
Other information |
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M & P Acquisitions Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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88 Brookside |
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Ashbourne |
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DE6 1FY |