Company Registration No. 12344227 (England and Wales)
MWNH Limited
Unaudited accounts
for the year ended 31 March 2025
MWNH Limited
Unaudited accounts
Contents
MWNH Limited
Company Information
for the year ended 31 March 2025
Directors
Matthew Jerome Wakefield
Naeem-Ul Haq
Company Number
12344227 (England and Wales)
Registered Office
Unit 7
Town Farm Workshops
Dean Lane, Sixpenny Handley
Salisbury
Wiltshire
SP5 5PA
England
Accountants
N L Accounting (South West) Ltd
Unit 7, Town Farm Workshops
Sixpenny Handley
Salisbury
Wiltshire
SP5 5PA
MWNH Limited
Statement of financial position
as at 31 March 2025
Tangible assets
29,128
36,045
Cash at bank and in hand
163,622
299,623
Creditors: amounts falling due within one year
(208,093)
(289,050)
Net current (liabilities)/assets
(22,942)
35,860
Total assets less current liabilities
6,186
71,905
Creditors: amounts falling due after more than one year
(5,187)
(18,906)
Called up share capital
100
100
Profit and loss account
899
52,899
Shareholders' funds
999
52,999
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
Matthew Jerome Wakefield
Director
Company Registration No. 12344227
MWNH Limited
Notes to the Accounts
for the year ended 31 March 2025
MWNH Limited is a private company, limited by shares, registered in England and Wales, registration number 12344227. The registered office is Unit 7, Town Farm Workshops, Dean Lane, Sixpenny Handley, Salisbury, Wiltshire, SP5 5PA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MWNH Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,449
12,449
Trade creditors
23,558
26,173
Amounts owed to group undertakings and other participating interests
170,786
216,391
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
5,187
18,906
7
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,545
42,061
Later than one year and not later than five years
-
31,545
8
Transactions with related parties
Sarum Eye Clinic Limited is a company in which director, Naeem Haq, is a director and shareholder. During the year the company made transactions totalling £96,876 (2024 - £135,000) with this company. At the year end £75,125 (2024 - £80,733) was outstanding.
Matthew Wakefield Eye Surgery Limited is a company in which director, Matthew Wakefield, is a director and shareholder. During the year the company made transactions totalling £117,548 (2024 - £154,950) with this company. At the year end £95,660 (2024 - £135,658) was outstanding.
MWNH Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).