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REGISTERED NUMBER: 12466621 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

M & M Property Solutions Ltd

M & M Property Solutions Ltd (Registered number: 12466621)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


M & M Property Solutions Ltd (Registered number: 12466621)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 165,451 160,586

CURRENT ASSETS
Cash at bank and in hand 1,538 1,578

CREDITORS
Amounts falling due within one year 5 135,769 120,532
NET CURRENT LIABILITIES (134,231 ) (118,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,220

41,632

CREDITORS
Amounts falling due after more than one year 6 (53,419 ) (53,419 )

PROVISIONS FOR LIABILITIES (6,500 ) (6,500 )
NET LIABILITIES (28,699 ) (18,287 )

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 2 2
Fair value reserve 27,710 27,710
Retained earnings (56,411 ) (45,999 )
(28,699 ) (18,287 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 18 November 2024 and were signed on its behalf by:





Mr M Lawson - Director


M & M Property Solutions Ltd (Registered number: 12466621)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

M & M Property Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12466621

Registered office: 8 Whernside
Skelton-In-Cleveland
Saltburn-By-The-Sea
TS12 2FP

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Rents received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 2 ) .

M & M Property Solutions Ltd (Registered number: 12466621)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 160,586
Additions 4,865
At 29 February 2024 165,451
NET BOOK VALUE
At 29 February 2024 165,451
At 28 February 2023 160,586

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 34,209
Cost 131,242
165,451

If investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 35,791 35,791

Investment property was valued on an open market basis on 28 February 2021 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 135,769 120,532

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 53,419 53,419

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 53,419 53,419

Bank loans are secured by means of fixed and floating charges against the companys investment properties.