MLA Property Ltd
MLA Property Ltd
Registered number: 10844333
ABRIDGED Financial Statements
For The Year Ended
30 June 2023
RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
MLA Property Ltd
Financial Statements
For The Year Ended
30 June 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
Page 1
MLA Property Ltd
Abridged Balance Sheet
As At
30 June 2023
Abridged Balance Sheet
Registered number:
10844333
For the year ending 30 June 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2023 in accordance with section 444(2A) of the Companies Act 2006.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investment Properties | 5 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (52,559) | (51,307) | |||
Page 1
Page 2
MLA Property Ltd
Abridged Balance Sheet (continued)
As At
30 June 2023
On behalf of the board
|
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
MLA Property Ltd
Notes to the Abridged Financial Statements
For The Year Ended
30 June 2023
Notes to the Abridged Financial Statements
1.
General Information
MLA Property Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
10844333
. The registered office is 41 Sandhurst Avenue, West Didsbury, Manchester, M20 1ED.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of investment property.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
2.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
4.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
|
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| As at
|
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| Depreciation | |
| As at
|
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| Provided during the period |
|
| As at
|
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| Net Book Value | |
| As at
|
|
| As at
|
|
5.
Investment Property
| 2023 | |
|---|---|
| £ | |
| Fair Value | |
| As at
|
|
| Additions |
|
| As at
|
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Page 3
Page 4
MLA Property Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended
30 June 2023
6.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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Page 4