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Registered number: 14718596
M055 Property Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14718596
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 171,396 166,346
171,396 166,346
CURRENT ASSETS
Debtors 5 9,245 7,595
Cash at bank and in hand 853 1,379
10,098 8,974
Creditors: Amounts Falling Due Within One Year 6 (85,011 ) (73,839 )
NET CURRENT ASSETS (LIABILITIES) (74,913 ) (64,865 )
TOTAL ASSETS LESS CURRENT LIABILITIES 96,483 101,481
Creditors: Amounts Falling Due After More Than One Year 7 (109,705 ) (109,705 )
NET LIABILITIES (13,222 ) (8,224 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (13,224 ) (8,226 )
SHAREHOLDERS' FUNDS (13,222) (8,224)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Moss
Director
13/08/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M055 Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14718596 . The registered office is 2 Upper Haselor Cottages Haselor Lane, Hinton-On-The-Green, Evesham, WR11 2QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 166,049 396 166,445
Additions - 5,124 5,124
As at 31 March 2025 166,049 5,520 171,569
Depreciation
As at 1 April 2024 - 99 99
Provided during the period - 74 74
As at 31 March 2025 - 173 173
Net Book Value
As at 31 March 2025 166,049 5,347 171,396
As at 1 April 2024 166,049 297 166,346
Page 3
Page 4
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 9,245 7,595
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other creditors 1,395 1,323
Director's loan account 83,616 72,516
85,011 73,839
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Keystone Property Finance 109,705 109,705
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4