M & S Property Development (South West) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11051842

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,298		11,240

			6,298		11,240
CURRENT ASSETS
Stocks	5	-		233,994
Debtors	6	122,814		1,014
Cash at bank and in hand		25,109		11,992

		147,923		247,000
Creditors: Amounts Falling Due Within One Year	7	(16,316 )		(165,293 )

NET CURRENT ASSETS (LIABILITIES)			131,607		81,707

TOTAL ASSETS LESS CURRENT LIABILITIES			137,905		92,947

Creditors: Amounts Falling Due After More Than One Year	8		-		(5,776 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,197 )		(1,901 )

NET ASSETS			136,708		85,270

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			136,608		85,170

SHAREHOLDERS' FUNDS			136,708		85,270

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M & S Property Development (South West) Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Yakub Director	Ms M Hembury Director
28/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

M & S Property Development (South West) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11051842 . The registered office is Gordon Wood Scott & Partners Ltd, Dean House, 94 Whiteladies Road, Clifton, Bristol, BS8 2QX.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penaltyon notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on effective yield basis.

2.7. Taxation

The taxation expense represents current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comrehensive income or directly in equily.

Current and deferred tax assts and liabilities are not discounted.

Current tax

Current tax is recognsed at the amount of tax payable using tax rates and laws that have been enacted or substantially enacted by the balance sheety date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timig differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured usung tax rates rate and laws rhat have been enacted or substantially enacted at the balance sheet date and that are expected to apply to the reversal of the timing difference.

...CONTINUED

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M & S Property Development (South West) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Taxation - continued

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 liabilitiers or other future taxable profits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 December 2024	32,899
Disposals	(9,040 )

As at 30 November 2025	23,859

Depreciation
As at 1 December 2024	21,659
Provided during the period	2,100
Disposals	(6,198 )

As at 30 November 2025	17,561

Net Book Value
As at 30 November 2025	6,298

As at 1 December 2024	11,240

5. Stocks

	2025	2024
	£	£
Work in progress	-	233,994

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	596	967
Customs & excise - VAT	24	47
Directors' loan accounts	122,194	-

	122,814	1,014

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M & S Property Development (South West) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3	-
Bank loans and overdrafts	-	10,648
Corporation tax	14,887	-
Accruals and deferred income	1,426	1,426
Directors' loan accounts	-	153,219

	16,316	165,293

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,776

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Shakil Yakub	(76,609 )	186,201	(48,000 )	-	61,092
Ms Michele Hembury	(76,609 )	184,211	(46,000 )	-	61,102

11. Related Party Transactions

The directors owed £122,194 (2024 : owing £153,218) to the company at the end of the year. The loans were repayable on demand and interest was charged during the year. The loans were repaid by the directors after the year end.

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