Michael Wallace Holdings Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15420700

		31 January 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		522
Investment Properties	5		100,461

			100,983
CURRENT ASSETS
Debtors	6	1,843
Cash at bank and in hand		100

		1,943
Creditors: Amounts Falling Due Within One Year	7	(102,737 )

NET CURRENT ASSETS (LIABILITIES)			(100,794 )

TOTAL ASSETS LESS CURRENT LIABILITIES			189

NET ASSETS			189

CAPITAL AND RESERVES
Called up share capital	8		100
Profit and Loss Account			89

SHAREHOLDERS' FUNDS			189

For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs Julie Smith

Director

5th September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Michael Wallace Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15420700 . The registered office is Ground Floor Suite Crown House, 40 North Street, Hornchurch, RM11 1EU.

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:

Fixtures & Fittings

25% per annum reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 17 January 2024	-
Additions	696

As at 31 January 2025	696

Depreciation
As at 17 January 2024	-
Provided during the period	174

As at 31 January 2025	174

Net Book Value
As at 31 January 2025	522

As at 17 January 2024	-

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Michael Wallace Holdings Ltd

Notes to the Financial Statements (continued)

For the Period 17 January 2024 to 31 January 2025

5. Investment Property

	31 January 2025
	£
Fair Value
As at 17 January 2024	-
Additions	100,461

As at 31 January 2025	100,461

6. Debtors

	31 January 2025
	£
Due within one year
Other debtors	1,843

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025
	£
Other creditors	102,737

8. Share Capital

	31 January 2025
	£
Allotted, Called up and fully paid	100

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