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REGISTERED NUMBER: 09792452 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

M&M DEVELOPMENTS (WIGAN) LTD

M&M DEVELOPMENTS (WIGAN) LTD (REGISTERED NUMBER: 09792452)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


M&M DEVELOPMENTS (WIGAN) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr G K Mollard





REGISTERED OFFICE: 17 George Street
St Helens
Merseyside
WA10 1DB





REGISTERED NUMBER: 09792452 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

M&M DEVELOPMENTS (WIGAN) LTD (REGISTERED NUMBER: 09792452)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,878 47,823
Investment property 5 1,457,476 1,457,476
1,512,354 1,505,299

CURRENT ASSETS
Debtors 203,395 257,545
Investments 101 101
Cash at bank and in hand 68,810 13,018
272,306 270,664
CREDITORS
Amounts falling due within one year (1,509,682 ) (1,559,330 )
NET CURRENT LIABILITIES (1,237,376 ) (1,288,666 )
TOTAL ASSETS LESS CURRENT LIABILITIES 274,978 216,633

CREDITORS
Amounts falling due after more than one year (36,468 ) (40,790 )
NET ASSETS 238,510 175,843

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 238,410 175,743
SHAREHOLDERS' FUNDS 238,510 175,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 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 9 May 2025 and were signed by:





Mr G K Mollard - Director


M&M DEVELOPMENTS (WIGAN) LTD (REGISTERED NUMBER: 09792452)

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


1. STATUTORY INFORMATION

M&M Developments (WIGAN) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 section 1A in the current year. The transition to FRS102 Section 1A has not affected the reported financial position and performance of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the development and sale of land and property is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is included at fair value. Gains and losses are recognised in the profit and loss account in the period to which they relate. Deferred taxation is provided on any gains at the rate expected to apply when the property is sold.

Financial assets
Financial assets are carried at fair value. Changes in the fair values of financial assets are recognised in profit or loss when the changes arise.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Current asset investments
Equity investments are recognised initially at fair value which is normally the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

M&M DEVELOPMENTS (WIGAN) LTD (REGISTERED NUMBER: 09792452)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 95,092
Additions 58,470
Disposals (85,944 )
At 30 September 2024 67,618
DEPRECIATION
At 1 October 2023 47,269
Charge for year 14,423
Eliminated on disposal (48,952 )
At 30 September 2024 12,740
NET BOOK VALUE
At 30 September 2024 54,878
At 30 September 2023 47,823

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,457,476
NET BOOK VALUE
At 30 September 2024 1,457,476
At 30 September 2023 1,457,476

The investment properties are included at cost which the director, Mr G K Mollard believes to be representative of the open market value as at 30 September 2023.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100