Company registration number 15016991 (England and Wales)
NOTTINGHAM MMW LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NOTTINGHAM MMW LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NOTTINGHAM MMW LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
30 September 2025
31 July 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
7,945,520
Investment property
5
7,945,520
-
0
7,945,520
7,945,520
Current assets
Debtors
6
1,476,682
854,055
Cash at bank and in hand
207,119
110
1,683,801
854,165
Creditors: amounts falling due within one year
7
(6,337,752)
(5,779,774)
Net current liabilities
(4,653,951)
(4,925,609)
Total assets less current liabilities
3,291,569
3,019,911
Creditors: amounts falling due after more than one year
8
(3,996,000)
(3,996,000)
Net liabilities
(704,431)
(976,089)
Capital and reserves
Called up share capital
4,000
4,000
Profit and loss reserves
(708,431)
(980,089)
Total equity
(704,431)
(976,089)
NOTTINGHAM MMW LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 April 2026 and are signed on its behalf by:
Mr T Jackson
Director
Company registration number 15016991 (England and Wales)
NOTTINGHAM MMW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Nottingham MMW Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 201 Haverstock Hill, London, NW3 4QG.

1.1
Reporting period

The company has extended its accounting year end reporting date from 31 July 202 5 to 3 0 September 2025, therefore the profit and loss account covers a period of 1 4 months compared to 12 months last year. The prior year information is therefore not comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises commercial rental income net of value added tax. It is recognised at the fair value of the consideration received or receivable.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

NOTTINGHAM MMW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

NOTTINGHAM MMW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
1
1
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2024
7,945,520
Transfers
(7,945,520)
At 30 September 2025
-
0
Depreciation and impairment
At 1 August 2024 and 30 September 2025
-
0
Carrying amount
At 30 September 2025
-
0
At 31 July 2024
7,945,520
NOTTINGHAM MMW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 6 -
5
Investment property
2025
£
Fair value
At 1 August 2024
-
0
Transfers
7,945,520
At 30 September 2025
7,945,520

Investment property comprises a commercial property on Maid Marian Way / Friar Lane in Nottingham, acquired in October 2023. At the balance sheet date the directors do not consider the fair value of the investment property to be materially different to the original cost.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
60,417
-
0
Other debtors
1,183,528
854,055
1,243,945
854,055
Deferred tax asset
232,737
-
0
1,476,682
854,055
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,317,448
5,188,767
Trade creditors
7,800
10,224
Taxation and social security
52,048
40,304
Other creditors
960,456
540,479
6,337,752
5,779,774

The long term bank loan is secured by a fixed and floating charge over the company’s assets. The loan bears an interest rate of 5% p.a. above the Bank of England base rate and is repayable within 12 months.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Shareholders loan
3,996,000
3,996,000

There are no terms of repayment in respect of the above loan s.

NOTTINGHAM MMW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 7 -
9
Related party transactions

As at the balance sheet date of 30th September 2025, the company owed to/(from) related parties in which the directors of Nottingham MMW Ltd are also directors or shareholders:

Lyric Olympia Limited - £72,476

Reiss Jackson Management Limited - £3,368

Spencer Richmond LLP - £537,488

Muswell Buildings LLP - (£725,383)

Rosebery Farringdon LLP - (£452,158)

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