ACCOUNTS - Final Accounts preparation

Company registration number: 12378933

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MB ESTATES SURREY LIMITED


MB ESTATES SURREY LIMITED

COMPANY INFORMATION

Director	M McElduff


Registered number	12378933


Registered office	Cheeca Lodge
	Flower Lane
	Godstone
	Surrey
	RH9 8DE


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


MB ESTATES SURREY LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


MB ESTATES SURREY LIMITED REGISTERED NUMBER:12378933

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		147,693		69,711
			147,693		69,711
Current assets
Stocks		3,251,378		3,276,578
Debtors: amounts falling due within one year	5	186,224		6,060
Cash at bank and in hand		45,584		5,180
		3,483,186		3,287,818
Creditors: amounts falling due within one year	6	(2,196,021)		(2,177,046)
Net current assets			1,287,165		1,110,772
Total assets less current liabilities			1,434,858		1,180,483
Creditors: amounts falling due after more than one year	7		(19,813)		(49,569)
Provisions for liabilities
Deferred tax		(23,139)		(6,216)
			(23,139)		(6,216)
Net assets			1,391,906		1,124,698

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MB ESTATES SURREY LIMITED REGISTERED NUMBER:12378933

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

	2024	2023
	£	£

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	1,391,806	1,124,598
	1,391,906	1,124,698

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M McElduff

Director

Date: 24 December 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


MB ESTATES SURREY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

MB Estates Surrey Limited is a private company, limited by shares and registered in England and Wales. The address of the registered office is disclosed on the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from providing subcontracting services in the building trade. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

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MB ESTATES SURREY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical 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 method.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	per annum on cost
Motor vehicles	-	25%	per annum on cost
Fixtures and fittings	-
Office equipment	-	25%	per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Work in progress is valued on the basis on direct costs incurred. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of the work in progress.

Employees

The average monthly number of employees, including the director, during the year was 4 (2023 - 4).

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MB ESTATES SURREY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	71,172	34,873	-	14,299	120,344
Additions	63,000	44,727	7,000	4,123	118,850
At 31 December 2024	134,172	79,600	7,000	18,422	239,194
Depreciation
At 1 January 2024	35,586	8,094	-	6,953	50,633
Charge for the year on owned assets	25,349	11,233	292	3,994	40,868
At 31 December 2024	60,935	19,327	292	10,947	91,501
Net book value
At 31 December 2024	73,237	60,273	6,708	7,475	147,693
At 31 December 2023	35,586	26,779	-	7,346	69,711

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	58,402	100
Other debtors	127,822	5,960
	186,224	6,060

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MB ESTATES SURREY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	5,330	5,330
Trade creditors	676,850	489,563
Amounts owed to group undertakings	-	397,000
Corporation tax	360,857	283,654
Other taxation and social security	471,632	301,292
Obligations under finance lease and hire purchase contracts	13,507	17,582
Other creditors	560,850	675,860
Accruals and deferred income	106,995	6,765
	2,196,021	2,177,046

The hire purchase contracts are secured against the fixed assets included in these contracts.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	19,813	27,095
Net obligations under finance leases and hire purchase contracts	-	22,474
	19,813	49,569

The hire purchase contracts are secured against the fixed assets included in these contracts.

8.	Transactions with the director

At the beginning of the year the company owed the director £435,527 (2023 - £138,795), during the year the director received advances of £209,673 (2023 - £301,573) and made payments on behalf of the company of £54,871 (2023 - £598,305). At the end of the year the company owed the director £280,725 (2023 - £435,527). No interest has been charged by the director on this loan.

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