Abbreviated Company Accounts - MHP MANAGEMENT SERVICES LIMITED

MHP MANAGEMENT SERVICES LIMITED - Company Information

02211997 MHP MANAGEMENT SERVICES LIMITED 2016-03-31 false 2014-10-01 2016-03-31 true 02211997 2014-10-01 2016-03-31 02211997 2016-03-31 02211997 2014-09-30 02211997 uk-gaap-cd-bus:Director1 2014-10-01 2016-03-31 02211997 uk-gaap-cd-bus:Director2 2014-10-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 02211997

MHP MANAGEMENT SERVICES LIMITED

Abbreviated Accounts

31 March 2016

MHP MANAGEMENT SERVICES LIMITED Registered Number 02211997

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/09/2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,801	2,250
Investments	3	118,538	148,482
		120,339	150,732
Current assets
Stocks		-	958,089
Debtors		376,603	1,227,753
Cash at bank and in hand		567,202	5,818
		943,805	2,191,660
Creditors: amounts falling due within one year	4	(63,105)	(1,157,102)
Net current assets (liabilities)		880,700	1,034,558
Total assets less current liabilities		1,001,039	1,185,290
Creditors: amounts falling due after more than one year	4	-	(175,000)
Total net assets (liabilities)		1,001,039	1,010,290
Capital and reserves
Called up share capital	5	100	100
Revaluation reserve		112,005	71,779
Profit and loss account		888,934	938,411
Shareholders' funds		1,001,039	1,010,290

For the year ending 31 March 2016 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 December 2016

And signed on their behalf by:
K. A. Preec, Director

MHP MANAGEMENT SERVICES LIMITED Registered Number 02211997

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 is the invoiced value of fees, property sales, commission receivable and rental income excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets at the following annual rates :-

Office equipment - 20% on net book value

Fixed asset investments

Investments are included at the directors' valuation, based on the financial statements at the balance sheet date of the fixed asset investment, taking in to account expected proceeds.

Other accounting policies
Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing differences. No provision is made for potential tax arising on assets which have been revalued.

Work in progress
Work in progress is stated at the lower of original cost of land purchased plus development expenditure and direct overheads to date and net realisable value.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 October 2014	18,195
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	18,195
Depreciation
At 1 October 2014	15,945
Charge for the year	449
On disposals	-
At 31 March 2016	16,394
Net book values
At 31 March 2016	1,801
At 30 September 2014	2,250

3Fixed assets Investments
The company's investments at the balance sheet date in the share capital of unlisted companies, where more than 20% is owned are :-

Brun Lane Properties Limited - Ordinary £1 shares (50% owned)
Country of Incorporation : England
Nature of business : Property development and rental

Capital and reserves as at balance sheet date £237,076 (2014: £260,693).
The loss for the year ended 31 October 2015 was £514 (2014: Profit £42,946).

4Creditors

	31/03/2016 £	30/09/2014 £
Secured Debts	-	972,936

5Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2016 £	30/09/2014 £
100 Ordinary shares of £1 each	100	100