Registration number: 12353557

MWB Property Ltd

trading as MWB Property

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

MWB Property Ltd

trading as MWB Property

Company Information

Director

Mr M Butler

Registered office

20-22 Wenlock Road London N1 7GU

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

MWB Property Ltd

trading as MWB Property

(Registration number: 12353557)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	16,333	27,536
Current assets
Debtors	6	8,369	24,246
Cash at bank and in hand		65,370	38,990
		73,739	63,236
Creditors: Amounts falling due within one year	7	(20,223)	(34,588)
Net current assets		53,516	28,648
Total assets less current liabilities		69,849	56,184
Creditors: Amounts falling due after more than one year	7	(92,407)	(22,570)
Net (liabilities)/assets		(22,558)	33,614
Capital and reserves
Called up share capital		1	1
Retained earnings		(22,559)	33,613
Shareholders' (deficit)/funds		(22,558)	33,614

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 16 September 2025
 

......................................... Mr M Butler Director

MWB Property Ltd

trading as MWB Property

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the director on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

MWB Property Ltd

trading as MWB Property

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

MWB Property Ltd

trading as MWB Property

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	13,276	14,622

MWB Property Ltd

trading as MWB Property

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	46,993	11,495	58,488
Additions	2,073	-	2,073
At 31 December 2024	49,066	11,495	60,561
Depreciation
At 1 January 2024	25,204	5,748	30,952
Charge for the year	10,403	2,873	13,276
At 31 December 2024	35,607	8,621	44,228
Carrying amount
At 31 December 2024	13,459	2,874	16,333
At 31 December 2023	21,789	5,747	27,536

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		219	1,434
Amounts owed by related parties		-	9,649
Prepayments		110	1,082
Other debtors		8,040	12,081
		8,369	24,246

7

Creditors

Creditors: amounts falling due within one year

MWB Property Ltd

trading as MWB Property

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Creditors (continued)

	Note	2024 £	2023 £
Due within one year
Trade creditors		(301)	(3,838)
Amounts owed to group undertakings and undertakings in which the company has a participating interest		18,808	-
Taxation and social security		912	3,228
Accruals and deferred income		-	33,362
Other creditors		804	1,836
		20,223	34,588

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		92,407	22,570