MWUK Properties Limited Filleted accounts for Companies House (small and micro)

MWUK Properties Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	585,862	585,842

Current assets

Debtors	5	6,760	6,060
Cash at bank and in hand		585,896	621,895
		-------	-------
		592,656	627,955

Creditors: amounts falling due within one year	6	( 950,241)	( 1,011,072)
		-------	----------
Net current liabilities		( 357,585)	( 383,117)
		-------	-------
Total assets less current liabilities		228,277	202,725
		-------	-------
Net assets		228,277	202,725
		-------	-------

Capital and reserves

Called up share capital	8	50,000	50,000
Profit and loss account		178,277	152,725
		-------	-------
Shareholders funds		228,277	202,725
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 1 June 2026 , and are signed on behalf of the board by:

Mrs A P Webber
Director

Company registration number: 08659838

MWUK Properties Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Gibson Booth, New Court Abbey Road North, Shepley, Huddersfield, HD8 8BJ. The principal activity of the company is the purchasing and letting of residential property.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and Companies House 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £. The significant accounting policies consistently applied in the preparation of these financial statements are set out below.

Turnover

Turnover represents rents receivable, and excludes VAT.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 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 profit and loss account. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Tangible assets

	Freehold investment property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 October 2024	580,696	16,410	597,106
Additions	–	1,227	1,227
Disposals	–	( 1,016)	( 1,016)
	-------	------	-------
At 30 September 2025	580,696	16,621	597,317
	-------	------	-------
Depreciation
At 1 October 2024	–	11,264	11,264
Charge for the year	–	833	833
Disposals	–	( 642)	( 642)
	-------	------	-------
At 30 September 2025	–	11,455	11,455
	-------	------	-------
Carrying amount
At 30 September 2025	580,696	5,166	585,862
	-------	------	-------
At 30 September 2024	580,696	5,146	585,842
	-------	------	-------

The fair value of investment property at the year end is deemed to be at the cost price of £580,696.

5. Debtors

	2025	2024
	£	£
Prepayments and accrued income	4,060	6,060
Other debtors	2,700	–
	-----	-----
	6,760	6,060
	-----	-----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,132	99
Accruals and deferred income	4,670	5,094
Corporation tax	7,930	9,370
Other creditors	936,509	996,509
	-------	----------
	950,241	1,011,072
	-------	----------

7. Financial instruments

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	50,000	50,000	50,000	50,000
	------	------	------	------