MMF Properties Ltd 31/03/2023 iXBRL
MMF Properties Ltd 31/03/2023 iXBRL
Company registration number:
11257571
Trading as
MMF Properties Ltd
MMF PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION
31 MARCH 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Fair value reserve | 9 |
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Profit and loss account | 9 |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 December 2023
, and are signed on behalf of the board by:
Director
Company registration number:
11257571
MMF PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Flat, 24 Gifford Terrace Road, Plymouth, PL3 4JE.
Principal activity
The principal activity of the company is that of residential letting of owned real estate.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Impairment
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 April 2022 and 31 March 2023 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 April 2022 | - |
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Charge for the year | - |
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_______ | _______ | _______ | ||
At 31 March 2023 | - |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 31 March 2023 |
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_______ | _______ | _______ | ||
At 31 March 2022 |
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_______ | _______ | _______ | ||
6.
Debtors
2023 | 2022 | |||
£ | £ | |||
Other debtors |
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Accruals and deferred income |
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Other creditors | 2,310 | 2,340 | ||
_______ | _______ | |||
3,583 | 3,308 | |||
_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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_______ | _______ | |||
9.
Reserves
10.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2023 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
The Director | - |
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_______ | _______ | _______ | ||
2022 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
The Director | - | - | - | |
_______ | _______ | _______ | ||