M & S Houses Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08236005

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,352,500		1,350,000

			1,352,500		1,350,000
CURRENT ASSETS
Debtors	5	1,045		914
Cash at bank and in hand		2,098		2,442

		3,143		3,356
Creditors: Amounts Falling Due Within One Year	6	(516,576 )		(511,289 )

NET CURRENT ASSETS (LIABILITIES)			(513,433 )		(507,933 )

TOTAL ASSETS LESS CURRENT LIABILITIES			839,067		842,067

Creditors: Amounts Falling Due After More Than One Year	7		(423,736 )		(423,736 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(78,107 )		(77,482 )

NET ASSETS			337,224		340,849

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			337,124		340,749

SHAREHOLDERS' FUNDS			337,224		340,849

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M & S Houses Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S F Catley

Director

29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

M & S Houses Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08236005 . The registered office is Unit G9, Frome Business Park , Manor Road, Marston Trading Estate, Frome, Somerset, BA11 4FN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable from the provision of property rental within the UK, net of discounts and VAT.

Turnover is recognised in line with rental periods.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,350,000
Fair value adjustments	2,500

As at 31 March 2025	1,352,500

Investment property was valued at the balance sheet date by the directors. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. At the 31 March 2025, the fair value of the properties in the financial statements was reviewed by the directors based on their knowledge of the propety and documented trends in the local property market.

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M & S Houses Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,045	914

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	510,019	505,121
Taxation and social security	6,557	6,168

	516,576	511,289

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	423,736	423,736

Creditor amounts falling due in more than one year include bank loans of £423,736 (2024 - £423,736) which are secured by fixed and floating charges on the company's investment properties.

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
50 Ordinary A shares of £ 1.00 each	50	50
50 Ordinary B shares of £ 1.00 each	50	50

	100	100

9. Other Commitments

Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

	2025	2024
	£	£
Not later than one year	34,800	22,950
Later than one year and not later than five years	1,950	-

	36,750	22,950

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M & S Houses Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

Transactions with directors

During the year the directors maintained loan accounts with the company.

During the year £24,543 was loaned to the company from a director and £25,893 was repaid. The balance owed by the company at the beginning of the year was £115,168 and at the end of the year was £113,818. Interest of £500 (2024 - £900) was charged to the company on the outstanding director's loan account credit balance which is below market rate. The loan is unsecured and repayable on demand.

During the year £2,000 was loaned to the company from a director. The balance owed by the company at the beginning of the year was £90,440 and at the end of the year was £92,440. The loan is unsecured, interest free and repayable on demand.

Transactions with related parties

During the year £4,000 was loaned to the company by close family members of the directors. The balance owed by the company at the beginning of the year was £180,880 and at the end of the year was £184,880. The loans are unsecured, interest free and repayable on demand.

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