REGISTERED NUMBER: 03298573 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

M3 PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J F Mannion

M E Mannion

SECRETARY:

M E Mannion

REGISTERED OFFICE:

13 Floor Dashwood House

69 Old Broad Street

London

EC2M 1QS

REGISTERED NUMBER:

03298573 (England and Wales)

AUDITORS:

Kelley & Lowe Limited

Statutory Auditor

Gwynfa House

677 Princes Road

Dartford

Kent

DA2 6EF

BANKERS:

Barclays Bank plc

PO Box 160

Donegal House

73 Tweedy Road

Bromley

Kent

BR1 1UE

FIXED ASSETS

Property, plant and equipment

4

229,884

249,783

CURRENT ASSETS

Debtors

5

2,255,119

2,201,082

Cash at bank and in hand

2,208,686

1,749,638

4,463,805

3,950,720

CREDITORS

Amounts falling due within one year

6

1,376,222

1,300,681

NET CURRENT ASSETS

3,087,583

2,650,039

TOTAL ASSETS LESS CURRENT LIABILITIES

3,317,467

2,899,822

PROVISIONS FOR LIABILITIES

55,240

71,805

NET ASSETS

3,262,227

2,828,017

CAPITAL AND RESERVES

Called up share capital

8

100

101

Share premium

499

499

Capital redemption reserve

1

-

Retained earnings

3,261,627

2,827,417

SHAREHOLDERS' FUNDS

3,262,227

2,828,017

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

M J F Mannion - Director

1.	STATUTORY INFORMATION

M3 Property Limited 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, which is stated net of value added tax, represents the sales value of work done in the period to which the company is contractually entitled, including estimates in respect of amounts still to be invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 5 years

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

at variable rates on reducing balance

Fixed assets are stated at cost less accumulated depreciation and impairments.

Financial instruments

Debtors and creditors with no stated interest rate and due within one year are recorded at transaction price. Any losses arising on impairment are recognised in the profit and loss account.

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Operating leases

Rentals payable under operating leases are charged, net of lease incentives, to the profit and loss account on a straight-line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 46 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

263,054

507,219

517,556

1,287,829

Additions

7,320

843

90,922

99,085

Disposals

-

-

(36,281

)

(36,281

)

At 31 March 2025

270,374

508,062

572,197

1,350,633

DEPRECIATION

At 1 April 2024

233,755

485,336

318,955

1,038,046

Charge for year

13,175

3,498

98,775

115,448

Eliminated on disposal

-

-

(32,745

)

(32,745

)

At 31 March 2025

246,930

488,834

384,985

1,120,749

NET BOOK VALUE

At 31 March 2025

23,444

19,228

187,212

229,884

At 31 March 2024

29,299

21,883

198,601

249,783

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,655,224

1,660,157

Other debtors

599,895

540,925

2,255,119

2,201,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

176,414

165,447

Social security and other taxes

589,835

542,774

Other creditors

8,114

13,258

Accrued expenses

601,859

579,202

1,376,222

1,300,681

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,120

367,740

Between one and five years

1,361,128

1,463,809

In more than five years

714,486

294,385

2,077,734

2,125,934

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

571,980

Ordinary shares

.005p

29

28

(2024 - 557,983 )

1,428,020

'B' Ordinary shares

.005p

71

72

(2024 - 1,442,017 )

100

100

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

NIL

'C' Ordinary shares

5p

-

1

(2024 - 20 )

During the year, the company purchased and cancelled all issued 'C' Ordinary shares. These conferred no rights either to receive notice of, attend or vote at general meetings. In all other respects, they ranked pari passu with the Ordinary shares and the 'B' Ordinary shares.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Beverley Kelley FCA (Senior Statutory Auditor)

for and on behalf of Kelley & Lowe Limited