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Company Registration No. 12344227 (England and Wales)
MWNH Limited Unaudited accounts for the year ended 31 March 2024
MWNH Limited Unaudited accounts Contents
Page
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MWNH Limited Company Information for the year ended 31 March 2024
Directors
Matthew Jerome Wakefield Naeem-Ul Haq
Company Number
12344227 (England and Wales)
Registered Office
Unit 7 Town Farm Workshops Dean Lane, Sixpenny Handley Salisbury Wiltshire SP5 5PA England
Accountants
N L Accounting (South West) Ltd Unit 7, Town Farm Workshops Sixpenny Handley Salisbury Wiltshire SP5 5PA
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MWNH Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,045 
35,013 
Current assets
Inventories
25,287 
21,616 
Cash at bank and in hand
299,623 
348,772 
324,910 
370,388 
Creditors: amounts falling due within one year
(289,050)
(323,349)
Net current assets
35,860 
47,039 
Total assets less current liabilities
71,905 
82,052 
Creditors: amounts falling due after more than one year
(18,906)
(30,085)
Net assets
52,999 
51,967 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,899 
51,867 
Shareholders' funds
52,999 
51,967 
For the year ending 31 March 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 10 July 2024 and were signed on its behalf by
Matthew Jerome Wakefield Director Company Registration No. 12344227
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MWNH Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MWNH Limited is a private company, limited by shares, registered in England and Wales, registration number 12344227. The registered office is Unit 7, Town Farm Workshops, Dean Lane, Sixpenny Handley, Salisbury, Wiltshire, SP5 5PA, England.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
25% reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MWNH Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
62,246 
Additions
13,047 
At 31 March 2024
75,293 
Depreciation
At 1 April 2023
27,233 
Charge for the year
12,015 
At 31 March 2024
39,248 
Net book value
At 31 March 2024
36,045 
At 31 March 2023
35,013 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,449 
12,449 
Trade creditors
26,173 
5,675 
Amounts owed to group undertakings and other participating interests
216,391 
39,900 
Accruals
34,037 
265,325 
289,050 
323,349 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,906 
30,085 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
42,061 
42,061 
Later than one year and not later than five years
31,545 
73,606 
73,606 
115,667 
8
Transactions with related parties
Sarum Eye Clinic Limited is a company in which director, Naeem Haq, is a director and shareholder. During the year the company made transactions totalling £135,000 (2023 - £62,000) with this company. At the year end £80,733 (2023 - £19,950) was outstanding. Matthew Wakefield Eye Surgery Limited is a company in which director, Matthew Wakefield, is a director and shareholder. During the year the company made transactions totalling £154,950 (2023 - £98,000) with this company. At the year end £135,658 (2023 - £19,950) was outstanding.
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MWNH Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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