M Pro 101 Limited - Accounts to registrar (filleted) - small 18.2

M Pro 101 Limited - Accounts to registrar (filleted) - small 18.2

M PRO 101 LIMITED - Company Information

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REGISTERED NUMBER: 09974372 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

M PRO 101 LIMITED
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


M PRO 101 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTOR: M Panayiotou





REGISTERED OFFICE: Solar House
First Floor
282 Chase Road
London
N14 6HA





REGISTERED NUMBER: 09974372 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M PRO 101 LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of M Pro 101 Limited for the year ended 31 January 2018 which comprise the Income Statement, Statement of
Financial Position and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M Pro 101 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M Pro 101 Limited and state those matters that we have agreed to state to the director of M Pro 101 Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Pro 101 Limited and its director for our work or for this report.

It is your duty to ensure that M Pro 101 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M Pro 101 Limited. You consider that M Pro 101 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M Pro 101 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






EA
Chartered Accountants
869 High Road
London
N12 8QA


24 October 2018

This page does not form part of the statutory financial statements

Page 2
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 350,000 314,306

CURRENT ASSETS
Debtors 4 1,778 3,057
Investments 5 1 1
Cash at bank and in hand 18,622 9,319
20,401 12,377
CREDITORS
Amounts falling due within one year 6 4,962 4,656
NET CURRENT ASSETS 15,439 7,721
TOTAL ASSETS LESS CURRENT
LIABILITIES
365,439
322,027

CREDITORS
Amounts falling due after more than one year 7 (328,624 ) (321,583 )

PROVISIONS FOR LIABILITIES 9 (6,800 ) -
NET ASSETS 30,015 444

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves
reserves 28,894 -
Retained earnings 1,120 443
SHAREHOLDERS' FUNDS 30,015 444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these financial statements

Page 3 continued...
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 October 2018 and were signed by:





M Panayiotou - Director


The notes form part of these financial statements

Page 4
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

M Pro 101 Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income.

Investment property
Investment properties are carried at fair values. Revaluation surpluses are recognised in the income statement.
Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. No
depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the
generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small
entities. The director considers that, because these properties are not held for consumption but for their investment
potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial
Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from
the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position 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.

Page 5 continued...
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017 314,306
Revaluations 35,694
At 31 January 2018 350,000
NET BOOK VALUE
At 31 January 2018 350,000
At 31 January 2017 314,306

Fair value at 31 January 2018 is represented by:

£   
Valuation in 2018 35,694
Cost 314,306
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 314,306 314,306

Investment property was valued on a fair value basis on 31 January 2018 by the director .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,278 2,557
Other debtors 500 500
1,778 3,057

5. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Unlisted investments 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 133 -
Taxation and social security 275 115
Other creditors 4,554 4,541
4,962 4,656

Page 6 continued...
M PRO 101 LIMITED (REGISTERED NUMBER: 09974372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 221,000 221,000
Other creditors 107,624 100,583
328,624 321,583

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs
non-instalments 221,000 221,000
221,000 221,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 221,000 221,000

The bank loan is secured by a fixed and floating charge on the assets and undertakings of the company.

9. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 6,800 -

Deferred
tax
£   
Provided during year 6,800
Balance at 31 January 2018 6,800

10. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £3,834 (2017: £3,821) owed
to the director, Mr M Panayiotou.

11. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Mr M Panayiotou.

Page 7