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MTM ENTERPRISES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






MTM ENTERPRISES LIMITED (REGISTERED NUMBER: 04101066)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

MTM ENTERPRISES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Kehoe
A T Kehoe
L Kehoe
M K Kehoe
A A Kehoe



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 04101066 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Virgin money
30 Market Street
Chorley
Lancashire
PR7 2TB

MTM ENTERPRISES LIMITED (REGISTERED NUMBER: 04101066)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,521,086 2,582,376

CURRENT ASSETS
Debtors 5 180,100 9,100
Cash at bank and in hand 709,151 701,296
889,251 710,396
CREDITORS
Amounts falling due within one year 6 124,502 164,315
NET CURRENT ASSETS 764,749 546,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,285,835

3,128,457

CREDITORS
Amounts falling due after more than one
year

7

2,173,306

2,162,656
NET ASSETS 1,112,529 965,801

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,111,529 964,801
SHAREHOLDERS' FUNDS 1,112,529 965,801

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

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

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 10 October 2024 and were signed on its behalf by:




M Kehoe - Director


MTM ENTERPRISES LIMITED (REGISTERED NUMBER: 04101066)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

MTM Enterprises 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
The turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

MTM ENTERPRISES LIMITED (REGISTERED NUMBER: 04101066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 2,011,502 524,837 21,600
Additions - 112,781 -
Disposals - (12,340 ) -
Reclassification/transfer (166,483 ) - -
At 31 March 2024 1,845,019 625,278 21,600
DEPRECIATION
At 1 April 2023 - - 15,715
Charge for year - - 883
At 31 March 2024 - - 16,598
NET BOOK VALUE
At 31 March 2024 1,845,019 625,278 5,002
At 31 March 2023 2,011,502 524,837 5,885

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 66,581 1,500 2,626,020
Additions 12,008 - 124,789
Disposals - - (12,340 )
Reclassification/transfer - - (166,483 )
At 31 March 2024 78,589 1,500 2,571,986
DEPRECIATION
At 1 April 2023 27,429 500 43,644
Charge for year 5,873 500 7,256
At 31 March 2024 33,302 1,000 50,900
NET BOOK VALUE
At 31 March 2024 45,287 500 2,521,086
At 31 March 2023 39,152 1,000 2,582,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 40,100 9,100
Other debtors 140,000 -
180,100 9,100

MTM ENTERPRISES LIMITED (REGISTERED NUMBER: 04101066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - (1 )
Bonds 20,000 20,000
Tax 45,473 55,721
Social security and other taxes 12 -
Directors' loan accounts 51,324 67,923
Accrued expenses 7,693 20,672
124,502 164,315

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
CAT Ltd 99,229 99,229
Inter-company loans 293,077 282,427
Director's loan account 1,781,000 1,781,000
2,173,306 2,162,656

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
600 Ordinary A £1 600 600
300 Ordinary B £1 300 300
100 Ordinary C £1 100 100
1,000 1,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MTM Enterprises 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 MTM Enterprises Limited for the year ended 31 March 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 MTM Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 2 November 2000. Our work has been undertaken solely to prepare for your approval the financial statements of MTM Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of MTM Enterprises 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 MTM Enterprises Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MTM Enterprises 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 profit of MTM Enterprises Limited. You consider that MTM Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MTM Enterprises 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.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


10 October 2024