MMS SERVICES AND ESTATES LIMITED

Registered number

10267417

Filleted Accounts

31 March 2024

MMS SERVICES AND ESTATES LIMITED
Registered number:		10267417
Balance Sheet
as at 31 March 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		193,943			173,622
Investments	4		452,543			274,900
			646,486			448,522

Current assets
Debtors	5	-			185,633
Investments held as current assets	6	43,040			20,000
Cash at bank and in hand		109,738			6,534
		152,778			212,167

Creditors: amounts falling due within one year	7	(550,129)			(404,835)

Net current liabilities			(397,351)			(192,668)

Total assets less current liabilities			249,135			255,854

Creditors: amounts falling due after more than one year	8		(166,142)			(162,844)

Net assets			82,993			93,010

Capital and reserves
Called up share capital			1			1
Profit and loss account			82,992			93,009

Shareholders' funds			82,993			93,010

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Menachem Simon
Director
Approved by the board on 29 September 2025

MMS SERVICES AND ESTATES LIMITED
Notes to the Accounts
for the period from 1 August 2023 to 31 March 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 August 2023	136,378		40,254		176,632
	Additions	37,882		(7,498)		30,384
	At 31 March 2024	174,260		32,756		207,016

	Depreciation
	At 1 August 2023	-		3,010		3,010
	Charge for the period	-		10,063		10,063
	At 31 March 2024	-		13,073		13,073

	Net book value
	At 31 March 2024	174,260		19,683		193,943
	At 31 July 2023	136,378		37,244		173,622


4	Investments

Other
investments
£
	Cost
	At 1 August 2023					274,900
	Additions					177,643

	At 31 March 2024					452,543


5	Debtors			2024		2023
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		161,853
	Other debtors			-		23,780
				-		185,633


6	Investments held as current assets			2024		2023
£					£
	Fair value
	Unlisted investments			43,040		20,000



7	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			104		7,095
	Other creditors			550,025		397,740
				550,129		404,835


8	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			136,142		162,844
	Other creditors			30,000		-
				166,142		162,844


9	Other information

	MMS SERVICES AND ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	158 Cromwell Road
	Salford
	M6 6DE