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REGISTERED NUMBER: 13127741 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

M & D Dwellings Limited

M & D Dwellings Limited (Registered number: 13127741)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & D Dwellings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M S Hardy
Mrs D Hardy





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 13127741 (England and Wales)





ACCOUNTANTS: Tracey Shaw Limited
1 Teal Close
Horndean
Waterlooville
Hampshire
PO8 9YF

M & D Dwellings Limited (Registered number: 13127741)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,003 8,004
Investment property 5 775,000 716,751
781,003 724,755

CURRENT ASSETS
Debtors 6 176 951
Cash at bank 3,561 19,862
3,737 20,813
CREDITORS
Amounts falling due within one year 7 703,866 728,471
NET CURRENT LIABILITIES (700,129 ) (707,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,874

17,097

PROVISIONS FOR LIABILITIES 16,063 -
NET ASSETS 64,811 17,097

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable retained
earnings 43,687 -
Retained earnings 21,024 16,997
64,811 17,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 & D Dwellings Limited (Registered number: 13127741)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




M S Hardy - Director



Mrs D Hardy - Director


M & D Dwellings Limited (Registered number: 13127741)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M & D Dwellings 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 2 ) .

M & D Dwellings Limited (Registered number: 13127741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 14,229
DEPRECIATION
At 1 July 2023 6,225
Charge for year 2,001
At 30 June 2024 8,226
NET BOOK VALUE
At 30 June 2024 6,003
At 30 June 2023 8,004

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 716,751
Revaluations 58,249
At 30 June 2024 775,000
NET BOOK VALUE
At 30 June 2024 775,000
At 30 June 2023 716,751

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 58,249
Cost 716,751
775,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 716,751 -

Investment properties were valued on an open market basis on 30 June 2024 by the Directors .

M & D Dwellings Limited (Registered number: 13127741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 176 951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 700,800 725,428
Taxation and social security 1,766 1,136
Other creditors 1,300 1,907
703,866 728,471