Company registration number 07438191 (England and Wales)
M TOWN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
M TOWN LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
M Town Ltd
M TOWN LTD
Statement Of Financial Position
as at 30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
40,318
2,025
Current assets
Debtors
4
46,863
105,518
Cash at bank and in hand
52,790
102,271
99,653
207,789
Creditors: amounts falling due within one year
5
(109,530)
(195,329)
Net current (liabilities)/assets
(9,877)
12,460
Total assets less current liabilities
30,441
14,485
Creditors: amounts falling due after more than one year
6
(29,396)
(14,088)
Net assets
1,045
397
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
1,043
395
Total equity
1,045
397
M Town Ltd
M TOWN LTD
Statement Of Financial Position (CONTINUED)
as at 30 November 2025
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 25 March 2026 and are signed on its behalf by:
L J Town
Director
Company Registration No. 07438191
M Town Ltd
M TOWN LTD
Notes to the Financial Statements
for the year ended 30 November 2025
- 3 -
1
Accounting policies
Accounting convention

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.

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

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT.

Turnover is recognised upon the provision of goods and services to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, less depreciation.

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:

Fixtures, fittings & equipment
- 20% straight line
Motor vehicles
- 25% straight line
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
2
2
M Town Ltd
M TOWN LTD
Notes to the Financial Statements (CONTINUED)
for the year ended 30 November 2025
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 December 2024
28,821
53,418
82,239
Additions
-
0
42,071
42,071
Disposals
-
0
(33,558)
(33,558)
At 30 November 2025
28,821
61,931
90,752
Depreciation and impairment
At 1 December 2024
26,796
53,418
80,214
Depreciation charged in the year
2,025
1,753
3,778
Eliminated in respect of disposals
-
0
(33,558)
(33,558)
At 30 November 2025
28,821
21,613
50,434
Carrying amount
At 30 November 2025
-
0
40,318
40,318
At 30 November 2024
2,025
-
0
2,025
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
46,863
105,518
5
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
5,292
10,000
Obligations under finance leases
5,616
4,554
Trade creditors
11,818
48,503
Corporation tax
13,113
5,549
Other taxation and social security
9,493
19,515
Directors' loan account
10,000
10,000
Accruals and deferred income
54,198
97,208
109,530
195,329

The assets under finance leases are secured on the assets to which they relate.

M Town Ltd
M TOWN LTD
Notes to the Financial Statements (CONTINUED)
for the year ended 30 November 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
-
0
5,668
Obligations under finance leases
29,396
8,420
29,396
14,088

The assets under finance leases are secured on the assets to which they relate.

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1
1
1 A Ordinary share of £1 each
1
1
2
2
8
Company information

M Town Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Empire House, 11 Mulcture Hall Road, Halifax, West Yorkshire, HX1 1SP.

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