M E Property Developers Limited
M E Property Developers Limited
Registered number: 09508352
Unaudited Financial Statements
For The Year Ended 31 March 2024
M E Property Developers Limited
Contents
Contents
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
M E Property Developers Limited
Balance Sheet
As At
31 March 2024
Balance Sheet
Registered number:
09508352
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 member has 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.
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.
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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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 | 7 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 17,158 | 29,158 | |||
M E Property Developers Limited
Balance Sheet (continued)
As At
31 March 2024
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
M E Property Developers Limited
Notes to the Financial Statements
For The Year Ended 31 March 2024
Notes to the Financial Statements
1.
General Information
M E Property Developers Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
09508352
. The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
4.
Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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5.
Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | - | 9,800 | |
6.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 31,240 | 30,642 | |
7.
Creditors: Amounts Falling Due After More Than One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to participating interests |
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M E Property Developers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
9.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 April 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Michael Kayes |
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- |
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The above loan is unsecured, interest free and repayable on demand.