REGISTERED NUMBER: 11261624 (England and Wales)

MM IMOVEIS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Unadkat

M K C Unadkat

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

11261624 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

136

272

Investment property

5

730,000

740,755

730,136

741,027

CURRENT ASSETS

Debtors

6

6,364

9,240

Cash at bank

31,516

61,278

37,880

70,518

CREDITORS

Amounts falling due within one year

7

59,143

53,292

NET CURRENT (LIABILITIES)/ASSETS

(21,263

)

17,226

TOTAL ASSETS LESS CURRENT LIABILITIES

708,873

758,253

CREDITORS

Amounts falling due after more than one year

8

(715,842

)

(736,627

)

PROVISIONS FOR LIABILITIES

(6,158

)

(8,202

)

NET (LIABILITIES)/ASSETS

(13,127

)

13,424

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Revaluation reserve

11

26,253

34,965

Retained earnings

11

(41,380

)

(23,541

)

SHAREHOLDERS' FUNDS

(13,127

)

13,424

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 directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

M K C Unadkat - Director

1.	STATUTORY INFORMATION

MM Imoveis 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 as modified by the revaluation of certain assets.

Turnover

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

Turnover is recognised when the rental property is occupied by tenants.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investment property

Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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.

Going concern

The financial statements have been prepared on a going concern basis, as the directors have confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

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

and 31 March 2025

3,829

DEPRECIATION

At 1 April 2024

3,557

Charge for year

136

At 31 March 2025

3,693

NET BOOK VALUE

At 31 March 2025

136

At 31 March 2024

272

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

740,755

Revaluations

35,000

Impairments

(45,755

)

At 31 March 2025

730,000

NET BOOK VALUE

At 31 March 2025

730,000

At 31 March 2024

740,755

Freehold properties were revalued at the year-end date to its fair value of £730,000 by the Directors, based on their online research. If the freehold properties were included in the balance sheet on an historical cost basis, then the carrying amount would be £740,755 (2024 - £740,755). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(10,755

)

Cost

740,755

730,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,615

8,560

Other debtors

749

680

6,364

9,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,031

1,727

Other creditors

54,112

51,565

59,143

53,292

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

715,842

736,627

Amounts falling due in more than five years:

Repayable by instalments

Other loans - more than five

years by instalment

465,842

486,627

465,842

486,627

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

465,842

486,627

The other loans are secured by way of a fixed charge over the Leasehold Properties of the entity.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary A Shares

£1

1,000

1,000

1,000

Ordinary B Shares

£1

1,000

1,000

2,000

2,000

All Shares rank pari passu in all respects.

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

(23,541

)

34,965

11,424

Deficit for the year

(17,839

)

(17,839

)

Revaluation during the year

-

(8,712

)

(8,712

)

At 31 March 2025

(41,380

)

26,253

(15,127

)

12.	RELATED PARTY DISCLOSURES

At the year end date, included within other creditors, is an amount owed to the director M Unadkat of £51,352 (2024: £48,864).

This amount is unsecured, interest free and payable on demand.

At the year end date, included within other creditors, amounts falling due after more than one year, is an amount owed to the directors M Unadkat and N Unadkat of £250,000.

These amounts are unsecured, interest free and repayable on demand.