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Company Registration No. 13895017 (England and Wales)
Mei Wah Property Management Ltd Unaudited accounts for the year ended 29 February 2024
Mei Wah Property Management Ltd Unaudited accounts Contents
Page
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Mei Wah Property Management Ltd Company Information for the year ended 29 February 2024
Directors
Colin David Chiu Geoff Chiu
Company Number
13895017 (England and Wales)
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Mei Wah Property Management Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
215,000 
215,000 
Current assets
Cash at bank and in hand
4,829 
6,060 
Creditors: amounts falling due within one year
(207,804)
(217,914)
Net current liabilities
(202,975)
(211,854)
Net assets
12,025 
3,146 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,925 
3,046 
Shareholders' funds
12,025 
3,146 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Geoff Chiu Director Company Registration No. 13895017
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Mei Wah Property Management Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Mei Wah Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 13895017.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
215,000 
At 29 February 2024
215,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
215,000 
At 28 February 2023
215,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,086 
714 
Loans from directors
205,358 
217,000 
Accruals
360 
200 
207,804 
217,914 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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