ACCOUNTS - Final Accounts preparation

Company registration number: 08230453

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MSHW LTD


MSHW LTD

COMPANY INFORMATION

Directors	Mr Haydon Robinson
	Mr Mark Robinson
	Mrs Wendy Robinson


Registered number	08230453


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	7 Paynes Park
	Hitchin
	Hertfordshire
	SG5 1EH



Accountants	Menzies LLP
	Chartered Accountants
	95 Gresham Street
	London
	EC2V 7AB


MSHW LTD REGISTERED NUMBER:08230453

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
		£		£

Fixed assets
Tangible assets	4		1,295,280		1,324,680
			1,295,280		1,324,680
Current assets
Debtors: amounts falling due within one year	5	267,949		265,913
Cash at bank and in hand		5,496		15,316
		273,445		281,229
Creditors: amounts falling due within one year	6	(53,761)		(31,122)
Net current assets			219,684		250,107
Total assets less current liabilities			1,514,964		1,574,787
Creditors: amounts falling due after more than one year			(259,867)		(280,000)

Net assets			1,255,097		1,294,787

Capital and reserves
Called up share capital	99	99
Revaluation reserve	1,166,150	1,166,150
Capital redemption reserve	1	1
Profit and loss account	88,847	128,537
	1,255,097	1,294,787

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MSHW LTD REGISTERED NUMBER:08230453

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr Mark Robinson

Director

Date: 29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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MSHW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

MSHW Ltd is a company, limited by shares, incorporated in England and Wales with company registration number 08230453. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB and the principal place of business is 7 Paynes Park, Hitchin, Hertfordshire, SG5 1EH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

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MSHW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Long-term leasehold property	-	2%	on cost
				Improvements to property	-	10%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

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MSHW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Long-term leasehold property	Improvement on property	Total
	£	£	£
Cost or valuation
At 1 January 2024	1,470,000	63,063	1,533,063
At 31 December 2024	1,470,000	63,063	1,533,063
Depreciation
At 1 January 2024	145,321	63,062	208,383
Charge for the year on owned assets	29,400	-	29,400
At 31 December 2024	174,721	63,062	237,783
Net book value
At 31 December 2024	1,295,279	1	1,295,280
At 31 December 2023	1,324,679	1	1,324,680

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	264,690	263,345
Prepayments and accrued income	3,259	2,568
	267,949	265,913

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	12,336	-
Trade creditors	3,911	6,659
Other taxation and social security	3,654	1,403
Accruals and deferred income	33,860	23,060
	53,761	31,122

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MSHW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Related party transactions
	As at year end, within other debtors, there is an amount of £264,690 (2023: £263,345) owed from companies under common control.

8.	Controlling party

The parent company is Haymar Group Limited. The company registered in England and Wales. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB.

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