Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseThe principal activity of the Company is that of estate agency and management and letting of commercial and residential properties.3435truetrue 04894067 2023-01-01 2023-12-31 04894067 2022-01-01 2022-12-31 04894067 2023-12-31 04894067 2022-12-31 04894067 2022-01-01 04894067 c:Director2 2023-01-01 2023-12-31 04894067 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04894067 d:Buildings d:LongLeaseholdAssets 2023-12-31 04894067 d:Buildings d:LongLeaseholdAssets 2022-12-31 04894067 d:FurnitureFittings 2023-01-01 2023-12-31 04894067 d:FurnitureFittings 2023-12-31 04894067 d:FurnitureFittings 2022-12-31 04894067 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04894067 d:OfficeEquipment 2023-01-01 2023-12-31 04894067 d:OfficeEquipment 2023-12-31 04894067 d:OfficeEquipment 2022-12-31 04894067 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04894067 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04894067 d:Goodwill 2023-12-31 04894067 d:Goodwill 2022-12-31 04894067 d:CurrentFinancialInstruments 2023-12-31 04894067 d:CurrentFinancialInstruments 2022-12-31 04894067 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04894067 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04894067 d:ShareCapital 2023-12-31 04894067 d:ShareCapital 2022-12-31 04894067 d:CapitalRedemptionReserve 2023-12-31 04894067 d:CapitalRedemptionReserve 2022-12-31 04894067 d:RetainedEarningsAccumulatedLosses 2023-12-31 04894067 d:RetainedEarningsAccumulatedLosses 2022-12-31 04894067 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04894067 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04894067 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 04894067 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 04894067 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 04894067 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 04894067 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04894067 c:OrdinaryShareClass1 2023-12-31 04894067 c:OrdinaryShareClass1 2022-12-31 04894067 c:FRS102 2023-01-01 2023-12-31 04894067 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04894067 c:FullAccounts 2023-01-01 2023-12-31 04894067 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04894067 d:WithinOneYear 2023-12-31 04894067 d:WithinOneYear 2022-12-31 04894067 d:BetweenOneFiveYears 2023-12-31 04894067 d:BetweenOneFiveYears 2022-12-31 04894067 2 2023-01-01 2023-12-31 04894067 6 2023-01-01 2023-12-31 04894067 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04894067









MW EAST ANGLIA LIMITED T/A MULLUCKS 







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
REGISTERED NUMBER: 04894067

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
-
-

Tangible assets
 5 
7,123
9,433

Investments
 6 
2
200,002

  
7,125
209,435

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
465,636
185,176

Cash at bank and in hand
  
293,791
701,255

  
759,427
886,431

Creditors: amounts falling due within one year
 8 
(927,325)
(986,464)

NET CURRENT LIABILITIES
  
 
 
(167,898)
 
 
(100,033)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(160,773)
109,402

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
-
(3,292)

Other provisions
 10 
(4,000)
(4,000)

  
 
 
(4,000)
 
 
(7,292)

NET (LIABILITIES)/ASSETS
  
(164,773)
102,110


CAPITAL AND RESERVES
  

Called up share capital 
 11 
8,000
8,000

Capital redemption reserve
  
2,000
2,000

Profit and loss account
  
(174,773)
92,110

  
(164,773)
102,110


Page 1

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
REGISTERED NUMBER: 04894067
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Galati
Director

Date: 31 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

MW East Anglia Limited T/A Mullucks is a private company limited by shares and incorporated in England and Wales. Its registered office is The Guild House, Water Lane, Bishops Stortford, Hertfordshire, CM23 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of commission reciveved in respect of letting services provided and the sale of properties during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

GOING CONCERN

The Company had net liabilities of £164,733 (2022 - £102,110 net assets) as at 31 December 2023. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the directors to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.4

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.9
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
over lease term
Fixtures and fittings
-
20%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 34 (2022 - 35).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 January 2023
1,624,900



At 31 December 2023

1,624,900



AMORTISATION


At 1 January 2023
1,624,900



At 31 December 2023

1,624,900



NET BOOK VALUE



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



COST


At 1 January 2023
203,023
181,996
372,712
757,731


Additions
-
-
1,120
1,120



At 31 December 2023

203,023
181,996
373,832
758,851



DEPRECIATION


At 1 January 2023
203,023
173,846
371,429
748,298


Charge for the year on owned assets
-
2,054
1,376
3,430



At 31 December 2023

203,023
175,900
372,805
751,728



NET BOOK VALUE



At 31 December 2023
-
6,096
1,027
7,123



At 31 December 2022
-
8,150
1,283
9,433


6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



COST OR VALUATION


At 1 January 2023
2
200,000
200,002


Disposals
-
(200,000)
(200,000)



At 31 December 2023
2
-
2




Page 7

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


DEBTORS

2023
2022
£
£

Trade debtors
94,389
98,006

Other debtors
299,628
13,836

Prepayments and accrued income
71,619
73,334

465,636
185,176



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
47,727
95,063

Corporation tax
-
17,589

Other taxation and social security
75,508
80,682

Other creditors
38,541
51,508

Accruals and deferred income
765,549
741,622

927,325
986,464


Contributions totalling £522 (2022 - £522) were payable to defined contribution pension schemes at the balance sheet date and are included in other creditors.

Page 8

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
(3,292)
(2,143)


Charged to profit or loss
3,292
(1,149)



AT END OF YEAR
-
(3,292)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Fixed asset timing differences
-
3,326

Short term timing differences
-
(34)

-
3,292


10.


PROVISIONS




Dilapidation provision

£





At 1 January 2023
4,000



AT 31 DECEMBER 2023
4,000


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



8,000 (2022 - 8,000) Ordinary shares of £1.00 each
8,000
8,000


Page 9

 
MW EAST ANGLIA LIMITED T/A MULLUCKS
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
166,703
153,832

Later than 1 year and not later than 5 years
191,846
303,762

358,549
457,594

 
Page 10