Abbreviated Company Accounts - M.B.PROPERTIES LIMITED

M.B.PROPERTIES LIMITED - Company Information

00499968 M.B.PROPERTIES LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 00499968 2013-08-01 2014-07-31 00499968 2014-07-31 00499968 2013-07-31 00499968 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 00499968 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-31 iso4217:GBP shares

Registered Number 00499968

M.B.PROPERTIES LIMITED

Abbreviated Accounts

31 July 2014

M.B.PROPERTIES LIMITED Registered Number 00499968

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,435,881	2,436,190
		2,435,881	2,436,190
Current assets
Debtors		2,500	8,500
Cash at bank and in hand		297,179	280,536
		299,679	289,036
Creditors: amounts falling due within one year		(268,742)	(259,049)
Net current assets (liabilities)		30,937	29,987
Total assets less current liabilities		2,466,818	2,466,177
Total net assets (liabilities)		2,466,818	2,466,177
Capital and reserves
Called up share capital	3	94	94
Revaluation reserve		1,087,004	1,087,004
Other reserves		194,347	194,347
Profit and loss account		1,185,373	1,184,732
Shareholders' funds		2,466,818	2,466,177

For the year ending 31 July 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2015

And signed on their behalf by:
Mr I H Davis, Director

M.B.PROPERTIES LIMITED Registered Number 00499968

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rent receivable.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixture, fitting & equipment: 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2013	2,442,203
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	2,442,203
Depreciation
At 1 August 2013	6,013
Charge for the year	309
On disposals	-
At 31 July 2014	6,322
Net book values
At 31 July 2014	2,435,881
At 31 July 2013	2,436,190

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,700 A Ordinary shares of £0.05 each	85	85
186 B Ordinary shares of £0.05 each	9	9