MW Restructuring Limited Filleted Accounts Cover
MW Restructuring Limited
Company No. 08610565
Information for Filing with The Registrar
31 July 2024
MW Restructuring Limited Balance Sheet Registrar
at
31 July 2024
Company No.
08610565
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
381476
Investment property
5
709,000712,000
Investments
6
538,681524,751
1,248,0621,237,227
Current assets
Debtors
7
479,030490,267
Cash at bank and in hand
115,078102,444
594,108592,711
Creditors: Amount falling due within one year
8
(395,821)
(390,031)
Net current assets
198,287202,680
Total assets less current liabilities
1,446,3491,439,907
Net assets
1,446,3491,439,907
Capital and reserves
Called up share capital
100100
Fair value reserve
10
(97,946)
(105,317)
Profit and loss account
10
1,544,1951,545,124
Total equity
1,446,3491,439,907
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 January 2025 and signed on its behalf by:
M.R. Cooke
Director
03 January 2025
MW Restructuring Limited Notes to the Accounts Registrar
for the year ended 31 July 2024
1
General information
MW Restructuring Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08610565
Its registered office is:
85 Greencourt Road
Petts Wood
Orpington
Kent
BR5 1QN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the rents and commissions received or receivable and is reduced for any estimated tenant rebates and other similar allowances.

Turnover may also include revenue earned from the rendering of services and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes where applicable.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Reducing balance
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 August 2023
3,3883,388
At 31 July 2024
3,3883,388
Depreciation
At 1 August 2023
2,9122,912
Charge for the year
9595
At 31 July 2024
3,0073,007
Net book values
At 31 July 2024
381381
At 31 July 2023
476
476
5
Investment property
Freehold Investment Property
£
Valuation
At 1 August 2023
712,000
Revaluation
(3,000)
At 31 July 2024
709,000
The directors have revalued the investment properties at the balance sheet date using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific assets and informed by previous external valuations where available.
6
Investments
Investment in Subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 August 2023
305,144
219,607
524,751
Revaluation
-
13,930
13,930
At 31 July 2024
305,144
233,537
538,681
Provisions/Impairment
Net book values
At 31 July 2024
305,144
233,537
538,681
At 31 July 2023
305,144
219,607
524,751
7
Debtors
2024
2023
£
£
Amounts owed by group undertakings
6,0006,000
Corporation tax recoverable
-1,636
Deferred tax asset
46,07247,493
Other debtors
426,958435,138
479,030490,267
Amounts included within Other debtors that fall due after more than one year
118,798163,330
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
389,906388,936
Accruals and deferred income
5,9151,095
395,821390,031
9
Share Capital
The share capital represents 100 £1 Ordinary shares allocated called up and fully paid.
10
Reserves
Fair value reserve
Total other reserves
£
£
At 1 August 2022
(86,976)
(86,976)
Movement on revaluation reserve
(24,503)
(24,503)
Deferred taxation
6,162
6,162
At 31 July 2023 and 1 August 2023
(105,317)
(105,317)
Movement on revaluation reserve
10,930
10,930
Deferred taxation
(3,559)
(3,559)
At 31 July 2024
(97,946)
(97,946)
Fair value reserve - reflects the revaluation of investments.
Profit and loss account - includes all current and prior period retained profits and losses.
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