Silverfin false false 31/01/2025 01/02/2024 31/01/2025 M J C Balfour 01/11/2002 M A A Balfour 01/11/2002 20 March 2025 The principal activity of the Company during the financial year was the management and letting of own real estate. 04579458 2025-01-31 04579458 bus:Director1 2025-01-31 04579458 bus:Director2 2025-01-31 04579458 2024-01-31 04579458 core:CurrentFinancialInstruments 2025-01-31 04579458 core:CurrentFinancialInstruments 2024-01-31 04579458 core:ShareCapital 2025-01-31 04579458 core:ShareCapital 2024-01-31 04579458 core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 04579458 core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 04579458 core:RetainedEarningsAccumulatedLosses 2025-01-31 04579458 core:RetainedEarningsAccumulatedLosses 2024-01-31 04579458 2024-02-01 2025-01-31 04579458 bus:FilletedAccounts 2024-02-01 2025-01-31 04579458 bus:SmallEntities 2024-02-01 2025-01-31 04579458 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04579458 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04579458 bus:Director1 2024-02-01 2025-01-31 04579458 bus:Director2 2024-02-01 2025-01-31 04579458 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 04579458 (England and Wales)

M & M BALFOUR LTD

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

M & M BALFOUR LTD

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

M & M BALFOUR LTD

BALANCE SHEET

As at 31 January 2025
M & M BALFOUR LTD

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 350,000 350,000
350,000 350,000
Current assets
Cash at bank and in hand 884 1,051
884 1,051
Creditors: amounts falling due within one year 4 ( 45,482) ( 31,129)
Net current liabilities (44,598) (30,078)
Total assets less current liabilities 305,402 319,922
Provision for liabilities 5 ( 2,625) ( 2,619)
Net assets 302,777 317,303
Capital and reserves
Called-up share capital 1,000 1,000
Fair value reserve 97,257 97,257
Profit and loss account 204,520 219,046
Total shareholders' funds 302,777 317,303

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of M & M Balfour Ltd (registered number: 04579458) were approved and authorised for issue by the Board of Directors on 20 March 2025. They were signed on its behalf by:

M J C Balfour
Director
M A A Balfour
Director
M & M BALFOUR LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
M & M BALFOUR LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M & M Balfour Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Hound Street, Sherborne, Dorset, DT9 3AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for property rental income in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.


Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 February 2024 350,000
As at 31 January 2025 350,000

Valuation

Investment properties were revalued on 01 February 2020 by the directors. The valuation was conducted at current open market value. The directors consider the valuation remains materially correct at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

4. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to directors 39,847 25,573
Accruals 2,010 1,956
Corporation tax 3,625 3,600
45,482 31,129

5. Provision for liabilities

2025 2024
£ £
Deferred tax 2,625 2,619