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REGISTERED NUMBER: 13027841 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

M&CO HOMES HAWKINGE (WEST) LTD

M&CO HOMES HAWKINGE (WEST) LTD (REGISTERED NUMBER: 13027841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

M&CO HOMES HAWKINGE (WEST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: E R D Morgan





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 13027841 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

M&CO HOMES HAWKINGE (WEST) LTD (REGISTERED NUMBER: 13027841)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 413,151 172,055
Debtors 4 133,133 603
Cash at bank 24 48,079
546,308 220,737
CREDITORS
Amounts falling due within one year 5 316,431 223,159
NET CURRENT ASSETS/(LIABILITIES) 229,877 (2,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,877

(2,422

)

CREDITORS
Amounts falling due after more than one
year

6

277,666

-
NET LIABILITIES (47,789 ) (2,422 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (47,889 ) (2,522 )
(47,789 ) (2,422 )

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 director acknowledges his 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.

M&CO HOMES HAWKINGE (WEST) LTD (REGISTERED NUMBER: 13027841)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





E R D Morgan - Director


M&CO HOMES HAWKINGE (WEST) LTD (REGISTERED NUMBER: 13027841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

M&Co Homes Hawkinge (West) Ltd 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.

The financial statements are presented in round pounds £ 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value of all unsold properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 132,140 -
VAT 993 457
Prepayments and accrued income - 146
133,133 603

Amounts owed by group undertakings represents amounts owed to M&Co Homes Hawkinge (North) Limited.

M&CO HOMES HAWKINGE (WEST) LTD (REGISTERED NUMBER: 13027841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 427 930
Amounts owed to group undertakings 309,789 221,429
Other creditors 6,175 -
Accrued expenses 40 800
316,431 223,159

Amounts owed to group undertakings represents amounts owed to the immediate holding company, M&Co Homes Limited.

Other creditors represents an amount owed to Real Time Business Limited, a company controlled by the Director.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 7) 277,666 -

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 277,666 -

Interest is being accrued on the loan balance at a rate of 4.5% on the principal. The loan has been personally guaranteed by the Director.

8. RELATED PARTY DISCLOSURES

There is a Debenture over the Company's assets in respect of a loan entered into by a group company, M&Co Homes Hawkinge (North) Ltd.

M&CO HOMES HAWKINGE (WEST) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
M&CO HOMES HAWKINGE (WEST) LTD

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................