REGISTERED NUMBER: 04195532 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

M & M (MK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Storey

M P Storey

SECRETARY:

M P Storey

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

REGISTERED NUMBER:

04195532 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

FIXED ASSETS

Investments

4

2,326,618

4,257,082

CURRENT ASSETS

Debtors

5

5,734,925

2,221,091

Prepayments and accrued income

12,941

16,061

Cash at bank

4,655,122

4,588,280

10,402,988

6,825,432

CREDITORS

Amounts falling due within one year

6

1,270,409

466,368

NET CURRENT ASSETS

9,132,579

6,359,064

TOTAL ASSETS LESS CURRENT LIABILITIES

11,459,197

10,616,146

PROVISIONS FOR LIABILITIES

(439,615

)

(638,461

)

ACCRUALS AND DEFERRED INCOME

(1,500

)

(2,549

)

NET ASSETS

11,018,082

9,975,136

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

1,318,844

1,915,383

Retained earnings

9,699,236

8,059,751

SHAREHOLDERS' FUNDS

11,018,082

9,975,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

M R Storey - Director

M P Storey - Director

1.	STATUTORY INFORMATION

M & M (MK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end, foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 July 2024

4,257,082

Additions

13,608

Disposals

(2,690,506

)

Revaluations

746,434

At 30 June 2025

2,326,618

NET BOOK VALUE

At 30 June 2025

2,326,618

At 30 June 2024

4,257,082

As at the balance sheet date listed investments are stated at fair value. The historical cost at the balance sheet date was £568,159 (2024: £1,703,238).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,734,925

-

Directors' current accounts

-

1,782,257

s.455 tax recoverable

-

438,834

5,734,925

2,221,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,270,409

466,368

7.	SECURED DEBTS

Mr M P Storey and Mr M R Storey have an outstanding fixed and floating charge dated 26 February 2013. The amounts secured are all monies due or to become due from the company to the chargees. The charge is over all assets over the company and was delivered to Companies House on 6 March 2013.

8.

RESERVES

Fair

value

reserve

£

At 1 July 2024

1,915,383

Transfer of reserves

(596,539

)

At 30 June 2025

1,318,844

The fair value reserve is in recognition of the unrealised gain on the investments held, net of deferred tax.

9.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

M R Storey

Balance outstanding at start of year

891,129

-

Amounts advanced

8,456

891,129

Amounts repaid

(899,585

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

891,129

M P Storey

Balance outstanding at start of year

891,129

-

Amounts advanced

8,456

891,129

Amounts repaid

(899,585

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

891,129

The directors' loans are unsecured and repayable on demand. Interest is charged at the HMRC official interest rate, which was 2.25% until 5 April 2025 and 3.75% from 6 April 2025 until the end of the accounting period. The amount of interest charged during the year was £16,913.

10.	RELATED PARTY DISCLOSURES

During the year the company paid interest to companies controlled by the directors of £37,071 (2024:

£20,636).

11.	PARENT COMPANY

The parent company is M & M (MK) Investment Holdings Limited (Company No.: 14184293).