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REGISTERED NUMBER: 08963346 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

MWP Partnership Ltd

MWP Partnership Ltd (Registered number: 08963346)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWP Partnership Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D J Medcraft
Mrs L Medcraft
I J Pearce Molland
D H Williams





REGISTERED OFFICE: Brackenwood House
Kimbell Road
Basingstoke
Hampshire
RG22 4AT





BUSINESS ADDRESS: Dipley House
Dipley Road
Hartley Wintney
Hampshire
RG27 8JP





REGISTERED NUMBER: 08963346 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

MWP Partnership Ltd (Registered number: 08963346)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,400,000 1,200,000
1,400,000 1,200,000

CURRENT ASSETS
Debtors 6 3,123 3,781
Cash at bank 41,121 31,481
44,244 35,262
CREDITORS
Amounts falling due within one year 7 322,853 383,715
NET CURRENT LIABILITIES (278,609 ) (348,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,391

851,547

PROVISIONS FOR LIABILITIES 8 102,328 52,328
NET ASSETS 1,019,063 799,219

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 378,192 228,192
Retained earnings 640,771 570,927
SHAREHOLDERS' FUNDS 1,019,063 799,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MWP Partnership Ltd (Registered number: 08963346)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





D J Medcraft - Director


MWP Partnership Ltd (Registered number: 08963346)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

MWP Partnership 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover
Turnover represents the total rents receivable in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


MWP Partnership Ltd (Registered number: 08963346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 2,945
DEPRECIATION
At 1 April 2024
and 31 March 2025 2,945
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,200,000
Revaluations 200,000
At 31 March 2025 1,400,000
NET BOOK VALUE
At 31 March 2025 1,400,000
At 31 March 2024 1,200,000

MWP Partnership Ltd (Registered number: 08963346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. INVESTMENT PROPERTY - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 1,000
Other debtors 3,123 2,781
3,123 3,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 22,297 21,962
Other creditors 300,556 361,753
322,853 383,715

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax
Other timing differences 102,328 52,328

Deferred
tax
£   
Balance at 1 April 2024 52,328
Provided during year 50,000
Balance at 31 March 2025 102,328

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024 228,192
Transfers 150,000

At 31 March 2025 378,192

MWP Partnership Ltd (Registered number: 08963346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


11. RELATED PARTY DISCLOSURES

At the year end an amount of £145,626 (2024: £175,626) was owed to Huw James Limited, a company in which the directors, I J Pearce-Molland and D H Williams are also directors. The loan is interest free, unsecured and repayable upon demand.

At the year end an amount of £145,197 (2024: £175,197) was owed to the directors, D J Medcraft and Mrs L Medcraft. The loan is interest free, unsecured and repayable upon demand.