IRIS Accounts Production v25.1.3.33 15312919 director 1.12.23 30.11.24 30.11.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh153129192023-11-30153129192024-11-30153129192023-12-012024-11-30153129192023-11-27153129192023-11-282023-11-30153129192023-11-3015312919ns15:EnglandWales2023-12-012024-11-3015312919ns14:PoundSterling2023-12-012024-11-3015312919ns10:Director12023-12-012024-11-3015312919ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3015312919ns10:SmallEntities2023-12-012024-11-3015312919ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3015312919ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3015312919ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3015312919ns10:FullAccounts2023-12-012024-11-3015312919ns10:RegisteredOffice2023-12-012024-11-3015312919ns5:CurrentFinancialInstruments2024-11-3015312919ns5:CurrentFinancialInstruments2023-11-3015312919ns5:ShareCapital2024-11-3015312919ns5:ShareCapital2023-11-3015312919ns5:RetainedEarningsAccumulatedLosses2024-11-3015312919ns5:RetainedEarningsAccumulatedLosses2023-11-30153129191ns10:Director12023-11-30153129191ns10:Director12023-11-27153129191ns10:Director12023-12-012024-11-30153129191ns10:Director12023-11-282023-11-30153129191ns10:Director12024-11-30153129191ns10:Director12023-11-30
REGISTERED NUMBER: 15312919 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

M & W HOMES LTD

M & W HOMES LTD (REGISTERED NUMBER: 15312919)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & W HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr M R Watt



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 15312919 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank PLC
PO Box 1000
BX1 1LT

M & W HOMES LTD (REGISTERED NUMBER: 15312919)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 376,998 -
Cash at bank 6,097 -
383,095 -
CREDITORS
Amounts falling due within one year 5 392,608 -
NET CURRENT LIABILITIES (9,513 ) -
TOTAL ASSETS LESS CURRENT LIABILITIES (9,513 ) -

CAPITAL AND RESERVES
Called up share capital 10 -
Retained earnings (9,523 ) -
SHAREHOLDERS' FUNDS (9,513 ) -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 director and authorised for issue on 21 May 2025 and were signed by:





Mr M R Watt - Director


M & W HOMES LTD (REGISTERED NUMBER: 15312919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

M & W Homes Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The company meets its day to day working capital requirements through a loan provided by Mr M Watt, a Director of the company. He will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. STOCKS
2024 2023
£    £   
Work-in-progress 376,998 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 6) 60,000 -
Other creditors 12,784 -
Directors' current accounts 317,766 -
Accrued expenses 2,058 -
392,608 -

M & W HOMES LTD (REGISTERED NUMBER: 15312919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. LOANS

The Loans in Other Creditors are unsecured and interest will be charged on the sale completion of the property.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

2024 2023
£    £   
Mr M R Watt
Balance outstanding at start of year - -
Amounts advanced 50,010 -
Amounts repaid (367,776 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (317,766 ) -

Loans are unsecured, interest free and repayable on demand.