0 0 MFM Developments Limited 04019506 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of property development. This remains unchanged since last year Digita Accounts Production Advanced 6.30.9574.0 true 04019506 2024-04-01 2025-03-31 04019506 2025-03-31 04019506 core:RetainedEarningsAccumulatedLosses 2025-03-31 04019506 core:ShareCapital 2025-03-31 04019506 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2025-03-31 04019506 core:CurrentFinancialInstruments 2025-03-31 04019506 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04019506 bus:SmallEntities 2024-04-01 2025-03-31 04019506 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04019506 bus:FilletedAccounts 2024-04-01 2025-03-31 04019506 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04019506 bus:RegisteredOffice 2024-04-01 2025-03-31 04019506 bus:Director1 2024-04-01 2025-03-31 04019506 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04019506 countries:England 2024-04-01 2025-03-31 04019506 2024-03-31 04019506 2023-04-01 2024-03-31 04019506 2024-03-31 04019506 core:RetainedEarningsAccumulatedLosses 2024-03-31 04019506 core:ShareCapital 2024-03-31 04019506 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 04019506 core:CurrentFinancialInstruments 2024-03-31 04019506 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 xbrli:pure iso4217:GBP

Registration number: 04019506

MFM Developments Limited
Filleted Unaudited Financial Statements
for the Year Ended 31 March 2025

MFM Developments Limited

(Registration number: 04019506)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 255,000 | 255,000
Other financial assets | 5 | - | 25,000
|  | 255,000 | 280,000
Current assets |  |  |
Debtors |  | 8,830 | 8,830
Cash at bank and in hand |  | 32,919 | 4,477
|  | 41,749 | 13,307
Creditors: Amounts falling due within one year | 6 | (273,561) | (276,252)
Net current liabilities |  | (231,812) | (262,945)
Net assets |  | 23,188 | 17,055
Capital and reserves |  |  |
Called up share capital |  | 8 | 8
Retained earnings |  | 23,180 | 17,047
Shareholders' funds |  | 23,188 | 17,055

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:

Mr B S Lally Director |  |

MFM Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
4 Avenue Fontenay
Scunthorpe
North Lincolnshire
DN15 8EN

Registration number: 04019506

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

MFM Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 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 at the transaction price.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 0 (2024 - 0).

4 | Investment properties

| 2025 £
At 1 April | 255,000
At 31 March | 255,000

There has been no valuation of investment property by an independent valuer.

MFM Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 25,000 | 25,000
Disposals | (25,000) | (25,000)
At 31 March 2025 | - | -
Carrying amount
At 31 March 2025 | - | -
At 31 March 2024 | 25,000 | 25,000

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Social security and other taxes | 2,611 | 2,527
Other creditors | 270,950 | 273,725
| 273,561 | 276,252