MCPA Limited - Accounts to registrar (filleted) - small 17.3
MCPA Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2017 |
for |
MCPA Limited |
MCPA Limited (Registered number: 08406131) |
Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MCPA Limited |
Company Information |
for the Year Ended 28 February 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants and Chartered Tax Advisers |
2 Castle Business Village |
Station Road |
Hampton |
Middlesex |
TW12 2BX |
MCPA Limited (Registered number: 08406131) |
Balance Sheet |
28 February 2017 |
28.2.17 | 28.2.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
CURRENT ASSETS |
Debtors | 3 |
Investments | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
MCPA Limited (Registered number: 08406131) |
Balance Sheet - continued |
28 February 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
MCPA Limited (Registered number: 08406131) |
Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
2. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 29 February 2016 |
Disposals | ( |
) |
At 28 February 2017 |
NET BOOK VALUE |
At 28 February 2017 |
At 28 February 2016 |
3. | DEBTORS |
28.2.17 | 28.2.16 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
MCPA Limited (Registered number: 08406131) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
3. | DEBTORS - continued |
28.2.17 | 28.2.16 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Other debtors |
Aggregate amounts |
Other debtors include amounts due from related parties totalling £8,392,291. Please refer to note on related |
parties for more details. |
4. | CURRENT ASSET INVESTMENTS |
28.2.17 | 28.2.16 |
£ | £ |
Listed investments | 11,501,722 | 10,210,651 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 28.2.16 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.17 | 28.2.16 |
£ | £ |
Amounts owed to group undertakings |
7. | SECURED DEBTS |
The bank loan is secured by a fixed charge dated 10 November 2015 against the investment portfolio, which is |
managed by the lending bank. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.17 | 28.2.16 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
MCPA Limited (Registered number: 08406131) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 29 February 2016 | 17,859,384 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Listed investments | - | 815,465 | 815,465 |
At 28 February 2017 | 18,204,298 |
10. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company had loans repayable to it from the following related parties: |
MCPA (I) Limited a company controlled by C P Anthony owed £4,163.280 |
MCPA (II) Limited a company controlled by M C Cherry owed £4,176,574 |
Caraeno Limited a company controlled by C P Anthony and M C Cherry owed £52,437.56 |
At the balance sheet date the company had loans repayable to it from the following group companies: |
MCPA Estates Limited £3,254,645 |
MCPA (Stratford Central) Limited £122,957 |
MCPA (Strato 1) Limited £148,609 |
MCPA (Strato 2) Limited £154,309 |
MCPA Trinity Limited £28,717 |