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REGISTERED NUMBER: 07088183 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

MMH Property Limited

MMH Property Limited (Registered number: 07088183)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MMH Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M D Hall





SECRETARY: M D Hall





REGISTERED OFFICE: Flat 9
9 Neville Terrace
Tunbridge Wells
Kent
TN2 5QY





REGISTERED NUMBER: 07088183 (England and Wales)





ACCOUNTANTS: Burnbecks Limited
Chartered Certified Accountants
2B Haddo Street
Greenwich
London
SE10 9RN

MMH Property Limited (Registered number: 07088183)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 318
Investments 5 100 100
125 418

CURRENT ASSETS
Stocks & WIP 3,531,103 3,346,007
Debtors 33,007 30,260
Cash at bank and in hand 325 46,301
3,564,435 3,422,568
CREDITORS
Amounts falling due within one year 3,508,783 3,342,094
NET CURRENT ASSETS 55,652 80,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,777

80,892

CREDITORS
Amounts falling due after more than one
year

(28,532

)

(30,686

)

PROVISIONS FOR LIABILITIES (5 ) (60 )
NET ASSETS 27,240 50,146

MMH Property Limited (Registered number: 07088183)

Abridged Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 50 50
Retained earnings 27,040 49,946
SHAREHOLDERS' FUNDS 27,240 50,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





M D Hall - Director


MMH Property Limited (Registered number: 07088183)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MMH Property Limited 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.

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.

Turnover
Turnover represents sales of residential properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks & wip
Stocks & work-in-progress are valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 NIL (2023 - NIL).

MMH Property Limited (Registered number: 07088183)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 4,045
DEPRECIATION
At 1 September 2023 3,727
Charge for year 293
At 31 August 2024 4,020
NET BOOK VALUE
At 31 August 2024 25
At 31 August 2023 318

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100