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REGISTERED NUMBER: 10501265 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

M220 Ltd

M220 Ltd (Registered number: 10501265)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M220 Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M S Platts
M J Scott
Mrs D M Platts
Mrs K E Scott





REGISTERED OFFICE: 9 Bracken Park
Bingley
BD16 3LG





REGISTERED NUMBER: 10501265 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

M220 Ltd (Registered number: 10501265)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 213,500 175,819

CURRENT ASSETS
Debtors 5 1,250 2,671
Cash at bank and in hand 10,286 6,155
11,536 8,826
CREDITORS
Amounts falling due within one year 6 122,549 22,512
NET CURRENT LIABILITIES (111,013 ) (13,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,487

162,133

CREDITORS
Amounts falling due after more than one year 7 - (99,005 )

PROVISIONS FOR LIABILITIES (8,370 ) -
NET ASSETS 94,117 63,128

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 29,311 -
Retained earnings 64,706 63,028
94,117 63,128

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

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

M220 Ltd (Registered number: 10501265)

Balance Sheet - continued
31 August 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 15 July 2025 and were signed on its behalf by:





M S Platts - Director


M220 Ltd (Registered number: 10501265)

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

1. STATUTORY INFORMATION

M220 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.

Turnover
Turnover represents net rents received.

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
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

M220 Ltd (Registered number: 10501265)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 175,819
Revaluations 37,681
At 31 August 2024 213,500
NET BOOK VALUE
At 31 August 2024 213,500
At 31 August 2023 175,819

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 37,681
Cost 175,819
213,500

If investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 175,819 -

Investment property was valued on an open market basis on 31 August 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,250 2,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 99,005 -
Taxation and social security 670 298
Other creditors 22,874 22,214
122,549 22,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 99,005

M220 Ltd (Registered number: 10501265)

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

8. SECURED DEBTS

Charter Court Financial Services Limited holds a fixed and floating charge over the property and undertakings of the company.
This was satisfied after the year end.

9. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

10. RESERVES
Fair
value
reserve
£   
Fair value 29,311

At 31 August 2024 29,311