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REGISTERED NUMBER: 07122189 (England and Wales)






















Unaudited Financial Statements

for the Period 1 April 2024 to 31 August 2024

for

M20 Commercial Properties Limited

M20 Commercial Properties Limited (Registered number: 07122189)






Contents of the Financial Statements
for the period 1 April 2024 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

M20 Commercial Properties Limited

Company Information
for the period 1 April 2024 to 31 August 2024







DIRECTORS: Mrs C Stone
Mr M Stone





REGISTERED OFFICE: Bank Chambers
93 Lapwing Lane
Manchester
M20 6UR





REGISTERED NUMBER: 07122189 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP

M20 Commercial Properties Limited (Registered number: 07122189)

Balance Sheet
31 August 2024

2024 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 - 305
Investments 5 - 1
- 306

CURRENT ASSETS
Stocks - 739,065
Debtors 6 1,502,154 807,623
Cash at bank and in hand 169,791 180,953
1,671,945 1,727,641
CREDITORS
Amounts falling due within one year 7 (107,739 ) (161,265 )
NET CURRENT ASSETS 1,564,206 1,566,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,564,206

1,566,682

PROVISIONS FOR LIABILITIES - (76 )
NET ASSETS 1,564,206 1,566,606

CAPITAL AND RESERVES
Called up share capital 9 2 1
Share premium 31,499 31,499
Capital redemption reserve 1 1
Retained earnings 1,532,704 1,535,105
SHAREHOLDERS' FUNDS 1,564,206 1,566,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 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.

M20 Commercial Properties Limited (Registered number: 07122189)

Balance Sheet - continued
31 August 2024


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 11 September 2024 and were signed on its behalf by:





Mr M Stone - Director


M20 Commercial Properties Limited (Registered number: 07122189)

Notes to the Financial Statements
for the period 1 April 2024 to 31 August 2024

1. STATUTORY INFORMATION

M20 Commercial Properties 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.

The financial statements have been prepared on a basis other than that of the going concern basis as the company will cease trading in the foreseeable future. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future costs of terminating the business such as costs of winding down the business (e.g. liquidation fees) unless such costs were committed at the reporting date.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

M20 Commercial Properties Limited (Registered number: 07122189)

Notes to the Financial Statements - continued
for the period 1 April 2024 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Rental income
Income in respect of rental income is recognised on an accruals basis, exclusive of Value Added Tax.

Properties held as trading stock for re-sale are often let prior to sale in order to enhance the value for re-sale purposes. However, the properties let remain reflected as trading stock as the company holds the assets with the sole intention of selling them. No assets are held for investment purposes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 April 2024 557
Disposals (557 )
At 31 August 2024 -
DEPRECIATION
At 1 April 2024 252
Eliminated on disposal (252 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 March 2024 305

5. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 April 2024 1
Disposals (1 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 March 2024 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Trade debtors - 7,420
Other debtors 1,502,154 800,203
1,502,154 807,623

M20 Commercial Properties Limited (Registered number: 07122189)

Notes to the Financial Statements - continued
for the period 1 April 2024 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Bank loans and overdrafts (see note 8) - 28,626
Trade creditors - 5,149
Taxation and social security 103,918 102,644
Other creditors 3,821 24,846
107,739 161,265

8. LOANS

Included in bank loans and overdrafts is a unsecured loan amounting to £0 (2024 - £28,626).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £ £
1 Ordinary B £1 2 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2024 and the year ended 31 March 2024:

2024 2024
£ £
Mr M Stone
Balance outstanding at start of period 3,078 (9,371 )
Amounts advanced - 58,434
Amounts repaid (3,078 ) (45,985 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 3,078

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M20 Commercial Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M20 Commercial Properties Limited for the period ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M20 Commercial Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M20 Commercial Properties Limited and state those matters that we have agreed to state to the Board of Directors of M20 Commercial Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M20 Commercial Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M20 Commercial Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M20 Commercial Properties Limited. You consider that M20 Commercial Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of M20 Commercial Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP


11 September 2024