MMC Solid Wall Structures Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11977598 (England and Wales)

MMC SOLID WALL STRUCTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Fraser

SECRETARY:

A M Fraser

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

11977598 (England and Wales)

FIXED ASSETS

Tangible assets

4

907

-

Investments

5

1,800,001

1,800,908

1,800,001

CURRENT ASSETS

Debtors

6

137,852

138,592

Cash at bank

227

4,645

138,079

143,237

CREDITORS

Amounts falling due within one year

7

39,745

29,471

NET CURRENT ASSETS

98,334

113,766

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,899,242

1,913,767

CAPITAL AND RESERVES

Called up share capital

8

5,001

Share premium

237,874

A Redeemable Preference Shares

1,800,000

Retained earnings

(143,633

)

(129,108

)

SHAREHOLDERS' FUNDS

1,899,242

1,913,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

A M Fraser - Director

1.	STATUTORY INFORMATION

MMC Solid Wall Structures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in Sterling (GBP) which is the functional currency of the Company, rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about MMC Solid Wall Structures Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line or reducing balance method or, if held under a finance lease, over the lease term, whichever is shorter.

Computer equipment - 2 years straight line

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

3,509

Additions

990

At 31 March 2025

4,499

DEPRECIATION

At 1 April 2024

3,509

Charge for year

83

At 31 March 2025

3,592

NET BOOK VALUE

At 31 March 2025

907

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,800,001

NET BOOK VALUE

At 31 March 2025

1,800,001

At 31 March 2024

1,800,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

MMC Homebuilding Limited

Registered office: Sidings House, Sidings Court, Lakeside, Doncaster, DN4 5NU

Nature of business: Construction services

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

As restated

£

Amounts owed by group undertakings

121,852

122,592

Other debtors

16,000

137,852

138,592

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

As restated

£

Trade creditors

28,556

22,877

Taxation and social security

11,189

6,594

39,745

29,471

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

150,000

A Ordinary

0.01

1,500

341,250

B Ordinary

0.01

3,413

8,750

C Ordinary

0.01

88

5,001

Class of Shares

Prescribed particulars

Ordinary A

Each share is entitled to one vote.

Dividends: As set put in accordance with Article 4.

Capital & distribution; As set out in Article 5 the Ordinary A shares are non-redeemable.

Ordinary B

Each share is entitled to one vote.

Dividends: As set put in accordance with Article 4.

Capital & distribution; As set out in Article 5 the Ordinary B shares are non-redeemable.

Ordinary C

Each share is entitled to one vote.

Dividends: As set put in accordance with Article 4.

Capital & distribution; As set out in Article 5 the Ordinary C shares are non-redeemable.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Greystock Management Limited

AM Fraser is a director and shareholder of Greystock Management Limited.

Greystock Management charged the company £59,043 (2024: £59,173) during the year, in respect of services and recharges. There is a balance of £785 due to Greystock Management at the year end date.

MMC Homebuilding Limited

AM Fraser is a director and shareholder of MMC Homebuilding Limited.

At the balance sheet date, there is a balance owed from MMC Homebuilding Limited of £121,852 (2024: £122,592).

10.	ULTIMATE CONTROLLING PARTY

The immediate and controlling entity is Gresham House BSI Housing LP a fund registered in Guernsey.

The ultimate controlling entity is Gresham House PLC a company registered in England and Wales, by virtue of their controlling interest in Gresham House Investment Management (Guernsey) Ltd, the general partner of Gresham House BSI Housing LP.

11.	PRIOR-YEAR ADJUSTMENT

The opening reserves have been restated to reflect the agreed credit of interest on loan notes for the years 2022, 2023 and 2024, totalling £308,986.89. This prior-year adjustment corrects the previously stated reserves position.