M & M Commercial Properties Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14651173

M & M Commercial Properties Ltd

Filleted Unaudited Financial Statements

31 March 2025

M & M Commercial Properties Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

M & M Commercial Properties Ltd

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	4		466,823		466,123

Current assets

Debtors	5	375	–
Cash at bank and in hand		10,245	9,995
		--------	-------
		10,620	9,995

Creditors: amounts falling due within one year	6	( 281,982)		( 274,709)
		---------		---------
Net current liabilities			( 271,362)		( 264,714)
			---------		---------
Total assets less current liabilities			195,461		201,409

Creditors: amounts falling due after more than one year	7	( 222,843)	( 232,936)
		---------	---------
Net liabilities		( 27,382)	( 31,527)
		---------	---------

M & M Commercial Properties Ltd

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	420	420
Profit and loss account	( 27,802)	( 31,947)
	--------	--------
Shareholders deficit	( 27,382)	( 31,527)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

Mr J A Mann

Director

Company registration number: 14651173

M & M Commercial Properties Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. They have been prepared in sterling, which is the functional currency of the entity.

Going concern

The directors acknowledge the losses in the company, but believe with their continued support that the company is a going concern.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Investment property

Investment Properties are initially measured at cost, with subsequent measurement at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by the director, on an open market value for existing use basis.

4. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024	466,123
Additions	700
	---------
At 31 March 2025	466,823
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	466,823
	---------
At 31 March 2024	466,123
	---------

The fair value of the company's investment property at 31 March 2025 has been arrived at on the basis of valuations carried out on that date by the directors. The directors used experience of local property prices and market evidence for sales of similar properties at the time.

5. Debtors

	2025	2024
	£	£
Other debtors	375	–
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,076	9,275
Trade creditors	18	4,029
Other creditors	271,888	261,405
	---------	---------
	281,982	274,709
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	222,843	232,936
	---------	---------

At the year end securities were held by the lenders over the assets in the company.

8. Directors' advances, credits and guarantees

During the year, a director had an interest-free, repayable on demand loan with the company. At the start and end of the year the director was owed £116,500.

9. Related party transactions

During the year, the company had loans with two related parties which are controlled by a director. At the start of the year M & M Commercial Properties Ltd owed these related parties £125,868 and at the end of the year owed £151,203. These loans are interest free and repayable on demand. During the year M & M Commercial Properties Ltd made £16,762 (2024:£75,195) purchases from one of these related parties.