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REGISTERED NUMBER: 14622235 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MTS Holdings (North West) Limited

MTS Holdings (North West) Limited (Registered number: 14622235)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MTS Holdings (North West) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr I C McShannon
Mrs C McShannon





REGISTERED OFFICE: 1A Potter Place
West Pimbo Industrial Estate
Skelmersdale
Lancashire
WN8 9PW





REGISTERED NUMBER: 14622235 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

MTS Holdings (North West) Limited (Registered number: 14622235)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 784,000 -
Investments 5 50,200 50,200
834,200 50,200

CURRENT ASSETS
Debtors 6 59,000 183,008
Cash at bank 5,284,832 28,788
5,343,832 211,796
CREDITORS
Amounts falling due within one year 7 5,181 100
NET CURRENT ASSETS 5,338,651 211,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,172,851

261,896

CAPITAL AND RESERVES
Called up share capital 50,102 50,102
Retained earnings 6,122,749 211,794
6,172,851 261,896

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.

MTS Holdings (North West) Limited (Registered number: 14622235)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr I C McShannon - Director


MTS Holdings (North West) Limited (Registered number: 14622235)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

MTS Holdings (North West) 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about MTS Holdings (North West) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

On 1 February 2023 the company acquired the entire share capital of MTS Pennygate Ltd for £100.
On 3 March 2023 the company acquired the entire share capital of McShannon Trailer Sales Ltd by way of share for share exchange.
On 22 March 2023 the company acquired the entire share capital of Throstle Nest Properties Ltd by way of share for share exchange.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

MTS Holdings (North West) Limited (Registered number: 14622235)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 800,000
At 31 December 2024 800,000
DEPRECIATION
Charge for year 16,000
At 31 December 2024 16,000
NET BOOK VALUE
At 31 December 2024 784,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 50,200
NET BOOK VALUE
At 31 December 2024 50,200
At 31 December 2023 50,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 59,000 183,008

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 100 100
Taxation and social security 5,081 -
5,181 100

MTS Holdings (North West) Limited (Registered number: 14622235)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. RELATED PARTY DISCLOSURES

During the period the company entered into loans with three related companies. These are short term loans which are interest free and repayable upon demand.

The balances at the year end were £100 (2023 - £100) owing to MTS Pennygate Limited, Nil (2023 - £183,008) owed from McShannon Trailer Sales Limited and £59,000 owed from Throstle Nest Properties Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I McShannon and Mrs C McShannon.