REGISTERED NUMBER: 10481238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M&W PROPERTY MANAGEMENT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Clements

REGISTERED OFFICE:

Unit 2 6 - 8 London Road

St Leonards-on-sea

East Sussex

TN37 6AE

REGISTERED NUMBER:

10481238 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

20,397

4,412

CURRENT ASSETS

Debtors

5

197,041

188,049

Cash at bank

11,576

-

208,617

188,049

CREDITORS

Amounts falling due within one year

6

270,698

191,008

NET CURRENT LIABILITIES

(62,081

)

(2,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,684

)

1,453

CREDITORS

Amounts falling due after more than one year

7

2,083

7,083

NET LIABILITIES

(43,767

)

(5,630

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(43,768

)

(5,631

)

SHAREHOLDERS' FUNDS

(43,767

)

(5,630

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

Mr J A Clements - Director

1.	STATUTORY INFORMATION

M&W Property Management 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.

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.

Furniture and fittings - 25% reducing balance method

Computer equipment - 33.33% on cost

Plant & machinery - 25% reducing balance method

Motor Vehicle -25% reducing balance method

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

200

2,950

-

4,242

7,392

Additions

-

146

18,308

923

19,377

At 31 December 2024

200

3,096

18,308

5,165

26,769

Depreciation

At 1 January 2024

51

262

-

2,667

2,980

Charge for year

33

53

2,173

1,133

3,392

At 31 December 2024

84

315

2,173

3,800

6,372

Net book value

At 31 December 2024

116

2,781

16,135

1,365

20,397

At 31 December 2023

149

2,688

-

1,575

4,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

360

315

Amounts owed by group undertakings

81,939

89,237

Other debtors

114,742

98,497

197,041

188,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

5,000

5,072

Trade creditors

10,002

5,190

Amounts owed to group undertakings

22,821

-

Taxation and social security

86,210

64,892

Other creditors

146,665

115,854

270,698

191,008

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

2,083

7,083

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,083

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

72

Bank loans

5,000

5,000

5,000

5,072

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,083

5,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,083

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1