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Company Registration No. 15463856 (England and Wales)
M & K Property (sw) Ltd Unaudited accounts for the period from 4 February 2024 to 28 February 2025
M & K Property (sw) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
M & K Property (sw) Ltd Company Information for the period from 4 February 2024 to 28 February 2025
Directors
Marc James Davis Katie Ann Davis
Company Number
15463856 (England and Wales)
Registered Office
15 Waylands Corner Tiverton Devon EX16 6PN England
Accountants
Cosmos Accounting Limited 15 Waylands Corner Tiverton Devon EX16 6PN
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M & K Property (sw) Ltd Statement of financial position as at 28 February 2025
2025 
Notes
£ 
Fixed assets
Investment property
4
390,660 
Current assets
Debtors
5
5,154 
Cash at bank and in hand
7,935 
13,089 
Creditors: amounts falling due within one year
6
(170,721)
Net current liabilities
(157,632)
Total assets less current liabilities
233,028 
Creditors: amounts falling due after more than one year
7
(242,859)
Net liabilities
(9,831)
Capital and reserves
Called up share capital
9
100 
Profit and loss account
(9,931)
Shareholders' funds
(9,831)
For the period ending 28 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by
Katie Ann Davis Director Company Registration No. 15463856
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M & K Property (sw) Ltd Notes to the Accounts for the period from 4 February 2024 to 28 February 2025
1
Statutory information
M & K Property (sw) Ltd is a private company, limited by shares, registered in England and Wales, registration number 15463856. The registered office is 15 Waylands Corner, Tiverton, Devon, EX16 6PN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the balance sheet date the company had a net liability position to the value of £9,831. This is primarily attributable to an inter-company loan from an entity in which both directors are the sole directors and shareholders. The directors have committed to supporting the company through this entity for the foreseeable future.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually from the directors. Any changes in fair value are recognised in the profit and loss. This policy is in accordance with FRS102.
4
Investment property
2025 
£ 
Additions
390,660 
At 28 February 2025
390,660 
Both Properties were purchased by the company in this financial year and will still be considered to be at market value. Therefore the directors believe that no revaluation is required at this time, but will be done within the next 2-4 years, whenever a difference will be material to present a fair value.
5
Debtors
2025 
£ 
Amounts falling due within one year
Deferred tax asset
2,329 
Other debtors
2,825 
5,154 
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M & K Property (sw) Ltd Notes to the Accounts for the period from 4 February 2024 to 28 February 2025
6
Creditors: amounts falling due within one year
2025 
£ 
Other creditors
170,421 
Loans from directors
300 
170,721 
7
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
242,859 
8
Deferred taxation
2025 
£ 
Accelerated capital allowances
(2,329)
2025 
£ 
Credited to the profit and loss account
(2,329)
Provision at end of period
(2,329)
9
Share capital
2025 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
10
Controlling party
The ultimate controlling party is Mr Marc Davis and Mrs Kate Davis.
11
Average number of employees
During the period the average number of employees was 0.
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