Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-311false2023-11-01falseNo description of principal activity1truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10387034 2023-11-01 2024-10-31 10387034 2022-11-01 2023-10-31 10387034 2024-10-31 10387034 2023-10-31 10387034 c:Director1 2023-11-01 2024-10-31 10387034 d:CurrentFinancialInstruments 2024-10-31 10387034 d:CurrentFinancialInstruments 2023-10-31 10387034 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10387034 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10387034 d:ShareCapital 2024-10-31 10387034 d:ShareCapital 2023-10-31 10387034 d:RetainedEarningsAccumulatedLosses 2024-10-31 10387034 d:RetainedEarningsAccumulatedLosses 2023-10-31 10387034 c:FRS102 2023-11-01 2024-10-31 10387034 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10387034 c:FullAccounts 2023-11-01 2024-10-31 10387034 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10387034 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10387034









MEXFORD 20 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MEXFORD 20 LIMITED
REGISTERED NUMBER: 10387034

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
285,089
455,490

Debtors: amounts falling due within one year
 4 
142,500
22,993

Cash at bank and in hand
 5 
3,674
454

  
431,263
478,937

Creditors: amounts falling due within one year
 6 
(330,604)
(1,003,718)

Net current assets/(liabilities)
  
 
 
100,659
 
 
(524,781)

Total assets less current liabilities
  
100,659
(524,781)

  

Net assets/(liabilities)
  
100,659
(524,781)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
100,658
(524,782)

  
100,659
(524,781)


Page 1

 
MEXFORD 20 LIMITED
REGISTERED NUMBER: 10387034
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M A Ali
Director

Date: 25 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Mexford 20 Limited is a private company limited by shares, registered in England and Wales under company number 10387034. Its registered office is situated at Victoria House, 37 Anson Road, Victoria Park, Manchester M14 5DA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Debtors

2024
2023
£
£


Other debtors
142,500
22,993

142,500
22,993



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,674
454

3,674
454


Page 5

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
272,583
132,703

Trade creditors
20,859
-

Other taxation and social security
31,600
44,891

Other creditors
1,686
824,144

Accruals and deferred income
3,876
1,980

330,604
1,003,718


The following liabilities were secured:

2024
2023
£
£



Mortgage
258,000
109,365

Bounce back loan
14,583
23,339

272,583
132,704

Details of security provided:

The bank loan is secured by a first legal charge over the company's trading stock and by the personal guarantee of the director. Interest is charged at the rate of 8% per annum.
Also included in bank loans is an unsecured bounce back loan in the amount of £14,583 (2024: £23,339). The loan is subject to interest at the rate of 2.5% per annum. The loan is fully backed by the UK government under the BBLS rules.


7.


Transactions with directors

Included within creditors due within one year is a loan from the director of £1,686 (2023: £163,044). The loan is interest free and repayable on demand.

Page 6

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Related party transactions

Included within profit and loss account is a loan written off due from Cheshire Homes (UK) Limited in the amount of £24,393 (2023: £0). Included within debtors/creditors due within one year is a loan due/from to Cheshire Homes (UK) Limited in the amount of £0 (2023: £12,993). Cheshire Homes (UK) Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to CH27 Limited in the amount of £174,950 (2023: £0). Included within creditors due within one year is a loan due to CH27 Limited in the amount of £0 (2023: £174,950). CH27 Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to Cheshire Properties (UK) Limited in the amount of 12,750 (2023: £0). Included within creditors due within one year is a loan due to Cheshire Properties (UK) Limited in the amount of £0 (2023: £11,250). Cheshire Properties (UK) Limited is wholly controlled by the director. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to CH57 Limited in the amount of £174,305 (2023: £0). Included within creditors due within one year is a loan due to CH57 Limited in the amount of £0 (2023: £183,000). CH57 Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due from CH47 Limited in the amount of £3,600 (2023: £0). Included within creditors due within one year is a loan due to CH47 Limited in the amount of £0 (2023: £Nil). CH47 Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to CH37 Limited in the amount of £219,964 (2023: £0). Included within creditors due within one year is a loan due to CH37 Limited in the amount of £0 (2023: £90,900). CH37 Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to Cheshire Homes Residential Limited in the amount of £27,300 (2023: £0). Included within creditors due within one year is a loan due to Cheshire Homes Residential Limited in the amount of £0 (2023: £46,000). Cheshire Homes Residential Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due to Cheshire Homes Estates Limited in the amount of £155,000 (2023: £0). Included within creditors due within one year is a loan due to Cheshire Homes Estates Limited in the amount of £0 (2023: £155,000). Cheshire Homes Estates Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due from Cheshire Hones Investments Limited in the amount of £10,000 (2023: £0). Included within debtors/creditors due within one year is a loan due to Cheshire Homes Investments Limited in the amount of £10,000 (2023: £10,000). Cheshire Homes Investments Limited is a fellow subsidiary. The loan is interest free and repayable on demand.
Included within profit and loss account is a loan written off due from CH17 Limited in the amount of £73,255 (2023: £0). CH17 Limited is a fellow subsidiary. The loan is interest free and repayable on demand.

Page 7

 
MEXFORD 20 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Controlling party

The company is wholly controlled by Cheshire Homes Group Limited. Cheshire Homes Group Limited is controlled by the director M A Ali.

 
Page 8