IRIS Accounts Production v25.1.3.33 01926170 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019261702023-07-31019261702024-07-31019261702023-08-012024-07-31019261702022-07-31019261702022-08-012023-07-31019261702023-07-3101926170ns15:EnglandWales2023-08-012024-07-3101926170ns14:PoundSterling2023-08-012024-07-3101926170ns10:Director12023-08-012024-07-3101926170ns10:Director22023-08-012024-07-3101926170ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3101926170ns10:SmallEntities2023-08-012024-07-3101926170ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3101926170ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3101926170ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3101926170ns10:FullAccounts2023-08-012024-07-3101926170ns10:OrdinaryShareClass12023-08-012024-07-3101926170ns10:RegisteredOffice2023-08-012024-07-3101926170ns5:CurrentFinancialInstruments2024-07-3101926170ns5:CurrentFinancialInstruments2023-07-3101926170ns5:Non-currentFinancialInstruments2024-07-3101926170ns5:Non-currentFinancialInstruments2023-07-3101926170ns5:ShareCapital2024-07-3101926170ns5:ShareCapital2023-07-3101926170ns5:RetainedEarningsAccumulatedLosses2024-07-3101926170ns5:RetainedEarningsAccumulatedLosses2023-07-3101926170ns5:PlantMachinery2023-08-012024-07-3101926170ns5:PlantMachinery2023-07-3101926170ns5:PlantMachinery2024-07-3101926170ns5:PlantMachinery2023-07-3101926170ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3101926170ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3101926170ns10:OrdinaryShareClass12024-07-3101926170ns5:RetainedEarningsAccumulatedLosses2023-07-3101926170ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 01926170 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

MM Cox Properties Limited

MM Cox Properties Limited (Registered number: 01926170)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MM Cox Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C M Cox
J H Londal





REGISTERED OFFICE: 2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX





REGISTERED NUMBER: 01926170 (England and Wales)





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

MM Cox Properties Limited (Registered number: 01926170)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,465 3,511

CURRENT ASSETS
Debtors 5 70,054 41,565
Cash at bank and in hand 18,394 37,602
88,448 79,167
CREDITORS
Amounts falling due within one year 6 1,175,630 1,055,827
NET CURRENT LIABILITIES (1,087,182 ) (976,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,077,717

)

(973,149

)

CREDITORS
Amounts falling due after more than one
year

7

1,653,381

1,603,644
NET LIABILITIES (2,731,098 ) (2,576,793 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (2,731,198 ) (2,576,893 )
SHAREHOLDERS' FUNDS (2,731,098 ) (2,576,793 )

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

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

MM Cox Properties Limited (Registered number: 01926170)

Balance Sheet - continued
31 July 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 8 May 2025 and were signed on its behalf by:




J H Londal - Director



C M Cox - Director


MM Cox Properties Limited (Registered number: 01926170)

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

1. STATUTORY INFORMATION

MM Cox Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost, 25% on reducing balance and 20% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MM Cox Properties Limited (Registered number: 01926170)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 163,282
Additions 9,183
At 31 July 2024 172,465
DEPRECIATION
At 1 August 2023 159,771
Charge for year 3,229
At 31 July 2024 163,000
NET BOOK VALUE
At 31 July 2024 9,465
At 31 July 2023 3,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 51,755 39,493
Amounts owed by group undertakings 10,708 -
Other debtors 7,591 2,072
70,054 41,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 108,473 4,533
Amounts owed to group undertakings 911,652 831,771
Taxation and social security 1,506 15,521
Other creditors 153,999 204,002
1,175,630 1,055,827

MM Cox Properties Limited (Registered number: 01926170)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 1,653,381 1,603,644

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2023 (2,576,893 )
Deficit for the year (154,305 )
At 31 July 2024 (2,731,198 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The split of the loan balances are as follows, included in other creditors due within one year are amounts owing to M.M. Cox of £50,000 (2023: £50,000), J.H. Londal of £50,000 (2023: £50,000) and C.M. Cox of £50,000 (2023: £50,000).

Included in other creditors due after more than one year are amounts owing to M.M. Cox of £524,419 (2023: £529,915), J.H. Londal of £8,737 (2023: £14,600), and C.M. Cox of £30,712 (2023: £26,160).

11. RELATED PARTY DISCLOSURES

Included in other creditors due within one year are amounts owing to M.J Cox of £50,000 (2023: £50,000) and included in other creditors due after more than one year are amounts owing to M.J. Cox of £38,797 (2023: £32,253), who has a beneficial interest in the company.

Also included in other creditors due after more than one year are amounts owing to the children of J.H. Londal of £800,000 (2023: £800,000) and M.M. Cox of £200,000 (2023: £200,000)

During the year the company received £300,000 (2023:£300,000) as management fees from its parent undertaking, M.M.C Investments Limited

Included in creditors at the year end is £911,652 (2023: £831,771) owed to MMC Investments Limited.

MM Cox Properties Limited (Registered number: 01926170)

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

12. ULTIMATE CONTROLLING PARTY

The controlling party is M.M.C Investments Limited.