MP Real Estate Limited - Accounts to registrar (filleted) - small 17.3

MP Real Estate Limited - Accounts to registrar (filleted) - small 17.3

MP REAL ESTATE LIMITED - Company Information

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REGISTERED NUMBER: 08104247 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

MP REAL ESTATE LIMITED
MP REAL ESTATE LIMITED (REGISTERED NUMBER: 08104247)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MP REAL ESTATE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2017







DIRECTORS: N M Perrin
A McGahey
Mrs S C E Perrin
Mrs S M McGahey





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 08104247 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ
Page 1
MP REAL ESTATE LIMITED (REGISTERED NUMBER: 08104247)

BALANCE SHEET
30 September 2017

2017 2016
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,541 2,501

CURRENT ASSETS
Debtors 5 127,774 52,983
Cash at bank 184,609 256,634
312,383 309,617
CREDITORS
Amounts falling due within one year 6 (152,186 ) (195,597 )
NET CURRENT ASSETS 160,197 114,020
TOTAL ASSETS LESS CURRENT
LIABILITIES
161,738
116,521

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 161,538 116,321
SHAREHOLDERS' FUNDS 161,738 116,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 7 March 2018 and were signed on its behalf by:




N M Perrin - Director



A McGahey - Director


The notes form part of these financial statements

Page 2
MP REAL ESTATE LIMITED (REGISTERED NUMBER: 08104247)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

MP Real Estate 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and
rounded to the nearest £.

Transition to Financial Reporting Standard 102
The date of transition for the Financial Reporting Standard 102 purposes was 1 October 2015. As part of the
transition process, there have been no changes to accounting policies. In addition, there have been no transitional
adjustments necessary to reconcile equity determined in accordance with the previous financial reporting
framework to equity determined in accordance with the Financial Reporting Standard 102 as at the date of
transition and at the end of the latest period presented in the company's most recent financial statements
determined in accordance with its previous financial reporting framework. No transitional adjustments have been
required, in addition, to reconcile the profit or loss determined in accordance with the company's previous
financial reporting framework for the latest period in the company's most recent annual financial statements to its
profit or loss determined in accordance with the Financial Reporting Standard 102 for the same period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office and computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax
rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated
in the financial statements that arise from the inclusion of income and expense in tax assessments in periods
different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Page 3 continued...
MP REAL ESTATE LIMITED (REGISTERED NUMBER: 08104247)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
Fixtures and
and computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2016
and 30 September 2017 1,549 5,307 6,856
DEPRECIATION
At 1 October 2016 310 4,045 4,355
Charge for year 309 651 960
At 30 September 2017 619 4,696 5,315
NET BOOK VALUE
At 30 September 2017 930 611 1,541
At 30 September 2016 1,239 1,262 2,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 127,774 52,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 2,740 919
Tax 77,552 78,387
Social security and other taxes - 38
VAT 30,175 43,450
Other creditors 11,500 11,003
Directors' current accounts 30,219 60,275
Accrued expenses - 1,525
152,186 195,597

Page 4