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REGISTERED NUMBER: 11509154 (England and Wales)















MWME11 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MWME11 LIMITED (REGISTERED NUMBER: 11509154)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MWME11 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A J Watkin



REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF



REGISTERED NUMBER: 11509154 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Lloyds
Chelmsford Legg St OSC
1 Legg Street
Chelmsford
Essex
CM1 1JS

MWME11 LIMITED (REGISTERED NUMBER: 11509154)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,643,253 3,321,826

CURRENT ASSETS
Debtors 5 94,250 126,780
Cash at bank 4,887 59,961
99,137 186,741
CREDITORS
Amounts falling due within one year 6 187,468 325,407
NET CURRENT LIABILITIES (88,331 ) (138,666 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,554,922 3,183,160

CREDITORS
Amounts falling due after more than one year 7 3,831,704 3,433,719
NET LIABILITIES (276,782 ) (250,559 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (276,783 ) (250,560 )
SHAREHOLDERS' FUNDS (276,782 ) (250,559 )

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

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

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 26 March 2024 and were signed by:





A J Watkin - Director


MWME11 LIMITED (REGISTERED NUMBER: 11509154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

MWME11 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 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.

Peak power generation plant and machinery is depreciated at 2.5% on a straight line basis from the day the site becomes operational.

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 1 (2022 - 1 ) .

MWME11 LIMITED (REGISTERED NUMBER: 11509154)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,321,826
Additions 352,043
At 31 December 2023 3,673,869
DEPRECIATION
Charge for year 30,616
At 31 December 2023 30,616
NET BOOK VALUE
At 31 December 2023 3,643,253
At 31 December 2022 3,321,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,039 30,117
Other debtors - 38,138
VAT 23,678 52,992
Prepayments 5,533 5,533
94,250 126,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 124,016
Trade creditors 108,851 198,891
Other creditors 75,267 -
Accrued expenses 3,350 2,500
187,468 325,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 2,270,029 1,896,545
Other creditors 1,561,675 1,537,174
3,831,704 3,433,719

MWME11 LIMITED (REGISTERED NUMBER: 11509154)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,270,029 2,020,561

The bank loan is secured by fixed and floating charges over the company's assets.

9. CALLED UP SHARE CAPITAL

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

10. OTHER FINANCIAL COMMITMENTS

The company has financial commitments due as follows:

20232022
£ £
Within one year14,00024,000
Between one and five years-14,000
14,00038,000