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REGISTERED NUMBER: 05236149 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

M & M HOLDINGS LIMITED

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 4

Notes to the Financial Statements 5


M & M HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M J Gray
Mrs M A Gray



SECRETARY: Mrs M A Gray



REGISTERED OFFICE: Dunhampstead Manor
Dunhampstead
Droitwich
Worcestershire
WR9 7JX



REGISTERED NUMBER: 05236149 (England and Wales)



ACCOUNTANTS: Fields Business Advisors
Chartered Certified Accountants
2nd Floor
Landchard House
Victoria Street
West Bromwich
West Midlands
B70 8ER



BANKERS: Lloyds Bank plc
4 The Cross
Worcester
Worcestershire
WR1 3PY

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,435 5,218
Financial assets 6 45,388 45,269
Investment property 7 530,000 530,000
579,823 580,487

CURRENT ASSETS
Debtors 8 2,614 3,545
Cash at bank 68,357 78,584
70,971 82,129
CREDITORS
Amounts falling due within one year 9 40,989 37,979
NET CURRENT ASSETS 29,982 44,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,805

624,637

CAPITAL AND RESERVES
Called up share capital 454,769 454,769
Fair value reserve 10 97,386 107,275
Retained earnings 10 57,650 62,593
SHAREHOLDERS' FUNDS 609,805 624,637

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

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

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2024 and were signed on its behalf by:





M J Gray - Director


M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST MARCH 2023

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   

Balance at 1st April 2021 454,769 63,028 120,010 637,807

Changes in equity
Dividends - (4,000 ) - (4,000 )
Total comprehensive income - 3,565 (12,735 ) (9,170 )
Balance at 31st March 2022 454,769 62,593 107,275 624,637

Changes in equity
Dividends - (4,000 ) - (4,000 )
Total comprehensive income - (943 ) (9,889 ) (10,832 )
Balance at 31st March 2023 454,769 57,650 97,386 609,805

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

M & M Holdings 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the company and are rounded to the nearest £1.

Going Concern
The directors believe that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern and therefore the going concern basis remains appropriate in the preparation of the financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities as at the reporting date and the amounts reported for turnover and expenses during the period. The nature of estimating means that actual outcomes could differ from the original estimates.

The principal accounting policies and the judgements and estimates that have the most significant effect on amounts recognised in the financial statements are as stated below.

Revenue recognition
(i) Turnover represents rental income receivable from the freehold investment property.
Turnover from rents receivable is only recognised when the amounts to be recognised are fixed or
determinable and collectibility is reasonably assured.

(i) Sale of investments
Gains or losses on the sale of investments are recognised in the income statement and are included in
other operating income.

(iii) Dividend income and foreign income
Income from dividends and foreign income is recognised when the right to receive payment is
established.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 15% on reducing balance
Computer equipment 33% on cost
Plant and machinery 15% on reducing balance

Investment properties
Investment properties are included at fair value. Gains are recognised in the Income Statement and because the gains are not distributable they are included within the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, cash, trade and other accounts receivable and payable and loans from banks and other third parties, including related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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.

Financial assets
Investments in shares are included at fair value. Gains are recognised in the Income Statement and because the gains are not distributable they are included within the fair value reserve.

Operating leases
Assets leased out under operating leases are included in tangible fixed assets. Rental income from the operating leases is included in the income statement on a straight line basis over the period of the lease.

Foreign currency translation
In preparing the financial statements, transactions in currencies other than the functional currency (foreign currencies) are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction

4. EMPLOYEES AND DIRECTORS

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

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 358 24,849 2,351 27,558
DEPRECIATION
At 1st April 2022 139 19,850 2,351 22,340
Charge for year 33 750 - 783
At 31st March 2023 172 20,600 2,351 23,123
NET BOOK VALUE
At 31st March 2023 186 4,249 - 4,435
At 31st March 2022 219 4,999 - 5,218

6. FINANCIAL ASSETS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 45,269
Additions 10,008
Revaluations (9,889 )
At 31st March 2023 45,388
NET BOOK VALUE
At 31st March 2023 45,388
At 31st March 2022 45,269

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 45,388

If financial assets had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 35,339 25,331

Financial assets were valued using the London stock exchange daily mid market price listing on 31st March 2023

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 530,000
NET BOOK VALUE
At 31st March 2023 530,000
At 31st March 2022 530,000

Included in fair value of investment property is freehold land of £ 80,000 (2022 - £ 80,000 ) which is not depreciated.

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 530,000

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

2023 2022
£    £   
Cost 442,664 442,664

Freehold investment properties were valued on a fair valuation basis on 31st March 2023 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,614 3,545

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,656 700
Taxation and social security 443 421
Other creditors 35,890 36,858
40,989 37,979

M & M HOLDINGS LIMITED (REGISTERED NUMBER: 05236149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st April 2022 62,593 107,275 169,868
Deficit for the year (10,832 ) (10,832 )
Dividends (4,000 ) (4,000 )
Revaluation during the year 9,889 (9,889 ) -
At 31st March 2023 57,650 97,386 155,036