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Registration number: 01078441

M & W Investments Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

M & W Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

M & W Investments Limited

Company Information

Directors

R Miles

S Deverson

J P Miles

R P Miles

Company secretary

Burton Sweet Company Secretarial Ltd

Registered office

Spencer House Morston Court
Aisecome Way
Weston-Super-Mare
North Somerset
BS22 8NG

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

M & W Investments Limited

(Registration number: 01078441)
Balance Sheet
31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

450,000

440,000

Current assets

 

Debtors

5

912

622

Cash at bank and in hand

 

73,785

84,722

 

74,697

85,344

Creditors: Amounts falling due within one year

6

(25,298)

(26,560)

Net current assets

 

49,399

58,784

Net assets

 

499,399

498,784

Capital and reserves

 

Called up share capital

1,000

1,000

Non-distributable reserves

274,633

274,633

Retained earnings

223,766

223,151

Shareholders' funds

 

499,399

498,784

 

M & W Investments Limited

(Registration number: 01078441)
Balance Sheet
31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
R Miles
Director

 

M & W Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spencer House Morston Court
Aisecome Way
Weston-Super-Mare
North Somerset
BS22 8NG

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

M & W Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Asset class

Depreciation method and rate

Investment property

No Charge

Fixtures & Fittings

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 February

440,000

Fair value adjustments

10,000

At 31 January

450,000

There has been no valuation of investment property by an independent valuer.

 

M & W Investments Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

5

Debtors

2024
£

2023
£

Prepayments

912

622

912

622

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

3,745

5,007

Other creditors

21,553

21,553

25,298

26,560