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REGISTERED NUMBER: 13228471 (England and Wales)













MHW DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MHW DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Mr R M Williams
Mr B M Williams





REGISTERED OFFICE: 28 Heol Y Deri
Aberdare
CF44 0BP





REGISTERED NUMBER: 13228471 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,259 -
Investment property 5 249,724 87,111
273,983 87,111

CURRENT ASSETS
Stocks - 86,943
Debtors 6 6,469 -
Cash at bank 1,094 5,096
7,563 92,039
CREDITORS
Amounts falling due within one year 7 246,279 180,804
NET CURRENT LIABILITIES (238,716 ) (88,765 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,267 (1,654 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 35,265 (1,656 )
SHAREHOLDERS' FUNDS 35,267 (1,654 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 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 Board of Directors and authorised for issue on 29th November 2023 and were signed on its behalf by:





Mr R M Williams - Director


MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Mhw Developments 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.
Motor vehicles - 25% straight line on cost

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.

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 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 32,345
At 28th February 2023 32,345
DEPRECIATION
Charge for year 8,086
At 28th February 2023 8,086
NET BOOK VALUE
At 28th February 2023 24,259

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 87,111
Additions 162,613
At 28th February 2023 249,724
NET BOOK VALUE
At 28th February 2023 249,724
At 28th February 2022 87,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,469 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,581 -
Other creditors 243,698 180,804
246,279 180,804

MHW DEVELOPMENTS LTD (REGISTERED NUMBER: 13228471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2