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REGISTERED NUMBER: 04966582 (England and Wales)










M3 HOUSING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M3 HOUSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr D Miller
Mr P E Flowers
Mr S C Davis
Mr B P Virgo
Ms J Kimuli
Mr J D Case
Mr D Higgins





SECRETARY: Ms J Kimuli





REGISTERED OFFICE: Three Kings
23 Commonside East
Mitcham
Surrey
CR4 2QA





REGISTERED NUMBER: 04966582 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73 97

CURRENT ASSETS
Debtors 5 1,033,476 1,140,314
Investments 6 158,022 164,051
Cash at bank 876,820 454,750
2,068,318 1,759,115
CREDITORS
Amounts falling due within one year 7 1,581,152 1,356,980
NET CURRENT ASSETS 487,166 402,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,239

402,232

CREDITORS
Amounts falling due after more than one
year

8

371,611

276,419
NET ASSETS 115,628 125,813

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 9 115,028 125,213
SHAREHOLDERS' FUNDS 115,628 125,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mr D Miller - Director


M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

M3 Housing 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added tax.

Turnover is recognised when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company's sales channels have been met, as described below.

a) Sale of goods
Sales of goods are recognised on sale to the customer, which is considered the point of despatch. Sales are usually on credit terms.

b) Sale of services
Sales of services are recognised on sale to the customer, which is considered the point of delivery of the contracted service. The extent to which theses services are yet to be delivered at the balance sheet date, the income is deferred as appropriate. Sales are usually on credit terms.

c) License fee income
License fee income is recognised over the time-line to which the license relates. Any prepaid element is treated as deferred income and disclosed as being due in less than or greater than one year as appropriate. No discounting has been applied to the measure.Sales are usually on credit terms.

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 - 50% on cost and 25% on reducing balance

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.


M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 15,328
DEPRECIATION
At 1 January 2024 15,231
Charge for year 24
At 31 December 2024 15,255
NET BOOK VALUE
At 31 December 2024 73
At 31 December 2023 97

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 768,296 830,810
Other debtors 265,180 309,504
1,033,476 1,140,314

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Listed investments 158,022 164,051

M3 HOUSING LIMITED (REGISTERED NUMBER: 04966582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 892,727 692,329
Taxation and social security 42,566 27,332
Other creditors 645,859 637,319
1,581,152 1,356,980

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 371,611 276,419

9. RESERVES
Retained
earnings
£   

At 1 January 2024 125,213
Profit for the year 130,815
Dividends (141,000 )
At 31 December 2024 115,028

The deficit on the fair value reserve has been transferred to the profit and loss reserve.

10. RELATED PARTY DISCLOSURES

The company is controlled by the board of directors.

The company has loaned £102,953 (2023: £200,000) on short term to a 3rd party ,this loan is payable within one year with interest.