MT49 Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

MT49 Limited

(Registration number: 09105896)
Statement of Financial Position as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	20,000
Tangible assets	5	2,003	2,490
		2,003	22,490
Current assets
Debtors	6	19,965	10,280
Cash at bank and in hand		112,986	78,776
		132,951	89,056
Creditors: Amounts falling due within one year	7	(74,001)	(53,173)
Net current assets		58,950	35,883
Total assets less current liabilities		60,953	58,373
Provisions for liabilities		(500)	(622)
Net assets		60,453	57,751
Capital and reserves
Called up share capital		4	4
Profit and loss account		60,449	57,747
Shareholders' funds		60,453	57,751

For the financial year ending 30 June 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:
 

Natalie Ebsworth Director

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of real estate agents.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue for the provision of professional services is recognised when they are complete.

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold land and buildings	10% straight line
Fixtures and fittings	25% reducing balance
Office equipment	15% reducing balance

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2024	200,000	200,000
At 30 June 2025	200,000	200,000
Amortisation
At 1 July 2024	180,000	180,000
Amortisation charge	20,000	20,000
At 30 June 2025	200,000	200,000
Carrying amount
At 30 June 2025	-	-
At 30 June 2024	20,000	20,000

5	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 July 2024	997	5,833	4,150	10,980
At 30 June 2025	997	5,833	4,150	10,980
Depreciation
At 1 July 2024	997	4,472	3,021	8,490
Charge for the year	-	204	283	487
At 30 June 2025	997	4,676	3,304	8,977
Carrying amount
At 30 June 2025	-	1,157	846	2,003
At 30 June 2024	-	1,361	1,129	2,490

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	17,975	8,260
Prepayments	1,990	2,020
	19,965	10,280

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	4,764	3,681
Taxation and social security	49,708	33,473
Accruals and deferred income	2,545	2,485
Other creditors	16,984	13,534
	74,001	53,173

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	494	479
Later than one year and not later than five years	1,405	1,914
	1,899	2,393

The amount of non-cancellable operating lease payments recognised as an expense during the year was £494 (2024 - £239).

MT49 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

10	Related party transactions

Transactions with directors

During the year the director entered into the following advances and credits with the company:

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
The Directors	(13,533)	(4,233)	782	(16,984)
	-	-	-	-
	(13,533)	(4,233)	782	(16,984)

2024	At 1 July 2023 £	Advances to director £	Repayments by director £	At 30 June 2024 £
The Directors	(4,006)	(126,936)	117,410	(13,533)
	-	-	-	-
	(4,006)	(126,936)	117,410	(13,533)