Company Registration No. 12498131 (England and Wales)
MK PROPERTIES (SUNDERLAND) LTD
Unaudited accounts
for the year ended 31 March 2024
MK PROPERTIES (SUNDERLAND) LTD
Unaudited accounts
Contents
MK PROPERTIES (SUNDERLAND) LTD
Company Information
for the year ended 31 March 2024
Company Number
12498131 (England and Wales)
Registered Office
43 WARWICK STREET
SUNDERLAND
SR5 1DL
ENGLAND
MK PROPERTIES (SUNDERLAND) LTD
Statement of financial position
as at 31 March 2024
Tangible assets
1,346,670
1,301,670
Cash at bank and in hand
20,883
9,983
Creditors: amounts falling due within one year
(826,293)
(781,513)
Net current liabilities
(710,330)
(676,450)
Total assets less current liabilities
636,340
625,220
Creditors: amounts falling due after more than one year
(686,146)
(695,000)
Net liabilities
(49,806)
(69,780)
Called up share capital
100
100
Profit and loss account
(49,906)
(69,880)
Shareholders' funds
(49,806)
(69,780)
For the year ending 31 March 2024 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 24 April 2024 and were signed on its behalf by
Mykal King
Director
Company Registration No. 12498131
MK PROPERTIES (SUNDERLAND) LTD
Notes to the Accounts
for the year ended 31 March 2024
MK PROPERTIES (SUNDERLAND) LTD is a private company, limited by shares, registered in England and Wales, registration number 12498131. The registered office is 43 WARWICK STREET, SUNDERLAND, SR5 1DL, ENGLAND.
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.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
At 31 March 2024
1,346,670
At 31 March 2024
1,346,670
At 31 March 2023
1,301,670
Amounts falling due after more than one year
Other debtors
95,080
95,080
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
27,354
27,354
Loans from directors
798,939
754,159
MK PROPERTIES (SUNDERLAND) LTD
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
686,146
695,000
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).