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Company No: 05054429 (England and Wales)

# D M W DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

D M W DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

D M W DEVELOPMENTS LIMITED

## COMPANY INFORMATION

For the financial year ended 28 February 2025
D M W DEVELOPMENTS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 28 February 2025

DIRECTOR | Mr G Mackay

REGISTERED OFFICE | 6th Floor Design Centre East
| Chelsea Harbour
| London
| SW10 0XF
| United Kingdom

COMPANY NUMBER | 05054429 (England and Wales)

ACCOUNTANT | S&W Partners LLP
| 45 Gresham Street
| London
| EC2V 7BG

D M W DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 28 February 2025
D M W DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 28 February 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 3 |  | 3
|  | 3 |  | 3
Creditors: amounts falling due within one year | 4 | ( 15,864,718) |  | ( 15,859,521)
Net current liabilities |  | (15,864,715) |  | (15,859,518)
Total assets less current liabilities |  | (15,864,715) |  | (15,859,518)
Net liabilities |  | ( 15,864,715) |  | ( 15,859,518)
Capital and reserves |  |  |  |
Called-up share capital | 5 | 3 |  | 3
Profit and loss account |  | ( 15,864,718 ) |  | ( 15,859,521 )
Total shareholders' deficit |  | ( 15,864,715) |  | ( 15,859,518)

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of D M W Developments Limited (registered number: 05054429) were approved and authorised for issue by the Director on 20 November 2025. They were signed on its behalf by:

Mr G Mackay Director |

D M W DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
D M W DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

D M W Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6th Floor Design Centre East, Chelsea Harbour, London, SW10 0XF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of D M W Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The Company ceased trading in 2015 and it is the intention of the director to wind up the Company should the Company not be able to find new trades; the Director continues to review opportunities that may be relevant for the business. Accordingly, the going concern basis of accounting is no longer appropriate as at 28 February 2017. The accounts for the year ended 28 February 2025 are therefore prepared on a liquidation basis. Adjustments were made to reclassify long term liabilities to current liabilities as a result of the decision to cease trading.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 3 |  | 3

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 14,773,027 |  | 14,767,999
Other loans | 1,086,495 |  | 1,086,495
Accruals | 5,196 |  | 5,027
| 15,864,718 |  | 15,859,521

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3 Ordinary shares of £ 1.00 each | 3 |  | 3

#### 6. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Loan with Mr G Mackay | 14,773,027 |  | 14,767,999

This loan was unsecured and interest free.

Other related party transactions

As at the year end, an amount of £1,080,425 (2024: £1,080,425) was owed to Mr P Daniel and an amount of £6,070 (2024: £6,070) was owed to Mr S West, both former directors and current shareholders of the Company. These loans were unsecured and interest free.
As at the year end, amounts owed to the Company in respect of unpaid share capital were as follows: an amount of £1 (2024: £1) owed by Mr G Mackay, an amount of £1 (2024: £1) owed by Mr P Daniel and an amount of £1 (2024: £1) owed by Mr S West.

#### 7. Ultimate controlling party

The Company is controlled by Mr G Mackay, the director of the Company.