MDM PROPERTY LTD


Directors	EDGE, Philip Adam
	WASLEY, Mark James


Registered Address	Hazelbank Sandy Lane
	Antrobus
	Northwich
	CW9 6NU


Registered Number	11225000 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Called up share capital not paid			200		200
Fixed assets
Tangible assets	3		13,381		17,139
Investment property	4		1,527,000		1,527,000
			1,540,381		1,544,139
Current assets
Debtors		32,629		41,540
Cash at bank and on hand		-		215
		32,629		41,755
Creditors amounts falling due within one year	5	(246,077)		(227,573)
Net current assets (liabilities)			(213,248)		(185,618)
Total assets less current liabilities			1,327,133		1,358,521
Creditors amounts falling due after one year	6		(1,057,997)		(1,059,967)
Provisions for liabilities	7		(63,250)		(63,250)
Net assets			205,886		235,304
Capital and reserves
Called up share capital			200		200
Other reserves			430,998		346,879
Profit and loss account			(225,312)		(111,775)
Shareholders' funds			205,886		235,304

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2025, and are signed on its behalf by:

WASLEY, Mark James
Director
Registered Company No. 11225000

MDM PROPERTY LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Straight Line 5 years


		Straight line (years)
	Fixtures and fittings	5

	Investment property
	Investment properties are initially included at cost of purchased investment property and directly attributable expenditure. Investment properties are included in the balance sheet at fair value at the balance sheet date. Revaluation gains are recognised in the income statement. The gains are held in a non-distributable fair value reserve going forward. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investment property

Investment properties are initially included at cost of purchased investment property and directly attributable expenditure. Investment properties are included in the balance sheet at fair value at the balance sheet date. Revaluation gains are recognised in the income statement. The gains are held in a non-distributable fair value reserve going forward. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2.	Average number of employees
	The average number of employees in the year includes directors. The directors were not remunerated.


		2025		2024
	Average number of employees during the year	3		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 March 24	21,951	21,951
Additions	758	758
At 28 February 25	22,709	22,709
Depreciation and impairment
At 01 March 24	4,812	4,812
Charge for year	4,516	4,516
At 28 February 25	9,328	9,328
Net book value
At 28 February 25	13,381	13,381
At 29 February 24	17,139	17,139

4.	Investment property


		£
	Fair value at 01 March 24	1,527,000
	At 28 February 25	1,527,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,124	350
Bank borrowings and overdrafts	2,065	953
Amounts owed to related parties	238,633	225,870
Other creditors	409	400
Accrued liabilities and deferred income	1,846	-
Total	246,077	227,573


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,057,997	1,059,967
Total	1,057,997	1,059,967


	A bounce back loan was taken out in May 2020 totalling £8,580. The carrying value at year end was £5,005 (2024: £5,958). The final repayment is due May 2026.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	63,250	63,250
Total	63,250	63,250