Company Registration No. 11324842 (England and Wales)
MT PROPERTI£S LTD
Unaudited accounts
for the year ended 30 April 2023
MT PROPERTI£S LTD
Unaudited accounts
Contents
MT PROPERTI£S LTD
Company Information
for the year ended 30 April 2023
Director
Ben Oliver Miller
Company Number
11324842 (England and Wales)
Registered Office
128-130 Hurstpierpoint High Street
Hurstpierpoint
West Sussex
BN6 9PX
United Kingdom
Accountants
Sussex Professional Services
37 Coolham Drive
Brighton
East Sussex
BN2 5HU
MT PROPERTI£S LTD
Statement of financial position
as at 30 April 2023
Tangible assets
5,600
7,000
Investment property
2,725,000
1,516,000
Cash at bank and in hand
5,729
68,941
Creditors: amounts falling due within one year
(704,014)
(673,827)
Net current liabilities
(693,191)
(542,646)
Total assets less current liabilities
2,037,409
980,354
Creditors: amounts falling due after more than one year
(1,563,961)
(1,605,096)
Net assets/(liabilities)
473,448
(624,742)
Called up share capital
2
2
Revaluation reserve
1,280,386
71,386
Profit and loss account
(806,940)
(696,130)
Shareholders' funds
473,448
(624,742)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
Ben Oliver Miller
Director
Company Registration No. 11324842
MT PROPERTI£S LTD
Notes to the Accounts
for the year ended 30 April 2023
MT PROPERTI£S LTD is a private company, limited by shares, registered in England and Wales, registration number 11324842. The registered office is 128-130 Hurstpierpoint High Street, Hurstpierpoint, West Sussex, BN6 9PX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2022
1,516,000
Net gain from fair value adjustments
1,209,000
At 30 April 2023
2,725,000
MT PROPERTI£S LTD
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
26,284
25,084
Taxes and social security
1,867
1,867
Other creditors
71,619
71,619
Loans from directors
603,944
574,957
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,563,961
1,605,096
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).