MCPA Limited - Accounts to registrar (filleted) - small 18.2

MCPA Limited - Accounts to registrar (filleted) - small 18.2

MCPA LIMITED - Company Information

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IRIS Accounts Production v18.3.0.590 08406131 Board of Directors Board of Directors 1.3.17 28.2.18 28.2.18 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084061312017-02-28084061312018-02-28084061312017-03-012018-02-28084061312016-02-28084061312016-02-292017-02-28084061312017-02-2808406131ns14:PoundSterling2017-03-012018-02-2808406131ns10:Director12017-03-012018-02-2808406131ns10:Director22017-03-012018-02-2808406131ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2808406131ns10:SmallEntities2017-03-012018-02-2808406131ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-2808406131ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2808406131ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2808406131ns10:FullAccounts2017-03-012018-02-2808406131ns10:OrdinaryShareClass12017-03-012018-02-2808406131ns10:RegisteredOffice2017-03-012018-02-2808406131ns5:CurrentFinancialInstruments2018-02-2808406131ns5:CurrentFinancialInstruments2017-02-2808406131ns5:ShareCapital2018-02-2808406131ns5:ShareCapital2017-02-2808406131ns5:RevaluationReserve2018-02-2808406131ns5:RevaluationReserve2017-02-2808406131ns5:RetainedEarningsAccumulatedLosses2018-02-2808406131ns5:RetainedEarningsAccumulatedLosses2017-02-2808406131ns5:CostValuation2017-02-2808406131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-2808406131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-2808406131ns5:Non-currentFinancialInstruments2018-02-2808406131ns5:Non-currentFinancialInstruments2017-02-2808406131ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2018-02-2808406131ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2017-02-2808406131ns10:OrdinaryShareClass12018-02-2808406131ns5:RetainedEarningsAccumulatedLosses2017-02-2808406131ns5:RevaluationReserve2017-02-2808406131ns5:RetainedEarningsAccumulatedLosses2017-03-012018-02-28


REGISTERED NUMBER: 08406131












Unaudited Financial Statements

for the Year Ended 28 February 2018

for

MCPA Limited
MCPA Limited (Registered number: 08406131)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCPA Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: C P Anthony
M C Cherry





REGISTERED OFFICE: 2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX





REGISTERED NUMBER: 08406131





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX
Page 1
MCPA Limited (Registered number: 08406131)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Investments 2 704 704

CURRENT ASSETS
Stocks 1,253,510 -
Debtors 3 12,360,660 12,126,781
Investments 4 11,632,115 11,501,722
Cash at bank 100,950 1,007,141
25,347,235 24,635,644
CREDITORS
Amounts falling due within one year 5 7,550,701 6,431,950
NET CURRENT ASSETS 17,796,534 18,203,694
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,797,238
18,204,398

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 901,552 815,465
Retained earnings 8 16,895,586 17,388,833
SHAREHOLDERS' FUNDS 17,797,238 18,204,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
MCPA Limited (Registered number: 08406131)

Balance Sheet - continued
28 February 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 Board of Directors on 31 January 2019 and were signed on its behalf by:




C P Anthony - Director



M C Cherry - Director


The notes form part of these financial statements

Page 3
MCPA Limited (Registered number: 08406131)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 1 March 2017
and 28 February 2018 704
NET BOOK VALUE
At 28 February 2018 704
At 28 February 2017 704

3. DEBTORS
28.2.18 28.2.17
£    £   
Amounts falling due within one year:
Other debtors 352,991 25,253

Page 4 continued...
MCPA Limited (Registered number: 08406131)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

3. DEBTORS - continued
28.2.18 28.2.17
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 3,697,214 3,709,237
Other debtors 8,310,455 8,392,291
12,007,669 12,101,528

Aggregate amounts 12,360,660 12,126,781

Other debtors include amounts due from related parties totalling £8,310,455. Please refer to note on related
parties for more details.

Other debtors includes a balance due from the directors in the sum of £109,497. The company charged the
director interest at the rate of 2.75% on the outstanding balance. The company has also accounted for s455
taxation on the balance.

4. CURRENT ASSET INVESTMENTS
28.2.18 28.2.17
£    £   
Listed investments 11,632,115 11,501,722

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 7,473,238 6,252,322
Trade creditors 13,259 8,338
Taxation and social security 56,820 102,000
Other creditors 7,384 69,290
7,550,701 6,431,950

6. 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.

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary £1 100 100

Page 5 continued...
MCPA Limited (Registered number: 08406131)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2017 17,388,833 815,465 18,204,298
Profit for the year 158,753 158,753
Dividends (652,000 ) (652,000 )
Listed investments - 86,087 86,087
At 28 February 2018 16,895,586 901,552 17,797,138

9. 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 £4,052,630
MCPA (II) Limited a company controlled by M C Cherry owed £4,112,664
Caraeno Limited a company controlled by C P Anthony and M C Cherry owed £145,162.04

At the balance sheet date the company had loans repayable to it from the following group companies:

MCPA Estates Limited £3,262,802
MCPA (Stratford Central) Limited £122,957
MCPA (Strato 1) Limited £148,609
MCPA (Strato 2) Limited £154,309
MCPA Trinity Limited £8,527

Page 6