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REGISTERED NUMBER: 10927495 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MLM (003) LTD

MLM (003) LTD (REGISTERED NUMBER: 10927495)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


MLM (003) LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: Mr M Morris





REGISTERED OFFICE: Unit 1 Guinness Road
Trafford Park
Manchester
Lancashire
M17 1SD





REGISTERED NUMBER: 10927495 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

MLM (003) LTD (REGISTERED NUMBER: 10927495)

REPORT OF THE DIRECTOR
for the Year Ended 31 August 2023

The director presents his report with the financial statements of the company for the year ended 31 August 2023.

DIRECTOR
Mr M Morris held office during the whole of the period from 1 September 2022 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.8.23 1.9.22
Ordinary shares of £1 each - 51

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Morris - Director


20 November 2023

MLM (003) LTD (REGISTERED NUMBER: 10927495)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 523,764 180,342

CURRENT ASSETS
Debtors 5 36,663 4,822
Cash at bank 1,879 193,795
38,542 198,617
CREDITORS
Amounts falling due within one year 6 (29,658 ) (51,009 )
NET CURRENT ASSETS 8,884 147,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,648

327,950

CREDITORS
Amounts falling due after more than one
year

7

(372,565

)

(127,500

)
NET ASSETS 160,083 200,450

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,983 200,350
SHAREHOLDERS' FUNDS 160,083 200,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

MLM (003) LTD (REGISTERED NUMBER: 10927495)

BALANCE SHEET - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr M Morris - Director


MLM (003) LTD (REGISTERED NUMBER: 10927495)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

MLM (003) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MLM (003) LTD (REGISTERED NUMBER: 10927495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 180,342
Additions 343,422
At 31 August 2023 523,764
NET BOOK VALUE
At 31 August 2023 523,764
At 31 August 2022 180,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 36,663 -
Other debtors - 4,822
36,663 4,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed to group undertakings 6,643 -
Amounts owed to participating interests - 1,853
Taxation and social security 22,714 48,855
Other creditors 301 301
29,658 51,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 372,565 127,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 372,565 127,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 372,565 127,500

Bank Loans are secured on the properties to which they relate.

MLM (003) LTD (REGISTERED NUMBER: 10927495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is MLM (999) Ltd.