Company registration number 10776212 (England and Wales)
MKW HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MKW HOLDINGS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
MKW HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,360
13,365
Investment property
3
1,846,144
1,846,144
Investments
4
200
200
1,857,704
1,859,709
Current assets
Cash at bank and in hand
19,901
23,885
Creditors: amounts falling due within one year
5
(21,226)
(21,181)
Net current (liabilities)/assets
(1,325)
2,704
Total assets less current liabilities
1,856,379
1,862,413
Creditors: amounts falling due after more than one year
6
(1,000)
(3,200)
Provisions for liabilities
7
(2,158)
(2,539)
Net assets
1,853,221
1,856,674
Capital and reserves
Called up share capital
8
190
200
Capital redemption reserve
10
-
0
Profit and loss reserves
1,853,021
1,856,474
Total equity
1,853,221
1,856,674
MKW HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 July 2025
M V Willings
Director
Company registration number 10776212 (England and Wales)
MKW HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
200
-
0
1,566,520
1,566,720
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
865,438
865,438
Dividends
-
-
(575,484)
(575,484)
Balance at 31 March 2024
200
-
0
1,856,474
1,856,674
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
1,224,358
1,224,358
Dividends
-
-
(950,271)
(950,271)
Own shares acquired
-
-
(277,540)
(277,540)
Redemption of shares
8
(10)
10
-
0
-
0
Balance at 31 March 2025
190
10
1,853,021
1,853,221
MKW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

MKW Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Vincent House, Queen Street, Horbury, Wakefield, West Yorkshire, WF4 6LP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Turnover is recognised on the provision of services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

MKW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2024 and 31 March 2025
21,955
Depreciation and impairment
At 1 April 2024
8,590
Depreciation charged in the year
2,005
At 31 March 2025
10,595
Carrying amount
At 31 March 2025
11,360
At 31 March 2024
13,365
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,846,144
MKW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
200
200
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,200
2,200
Corporation tax
5,219
5,174
Other creditors
12,807
12,807
Accruals and deferred income
1,000
1,000
21,226
21,181
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,000
3,200
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
2,158
2,539
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
180
180
180
180
B Ordinary shares of £1 each
0
5
-
0
5
C Ordinary shares of £1 each
0
5
-
0
5
D Ordinary shares - non voting of £1 each
5
5
5
5
E Ordinary shares - non voting of £1 each
4
4
4
4
F Ordinary shares - non voting of £1 each
1
1
1
1
190
200
190
200
9
Parent company

The company's parent company is JHH Holdings Ltd, a company registered in England and Wales, whose registered office is situated at Vincent House, Queen Street, Horbury, Wakefield, WF4 6LP. Group accounts are available from Companies House, Crown Way, Maindy, CF14 3UZ.

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