Company No: 02939299 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	83		111
		83		111
Current assets
Stocks		0		108,131
Debtors	4	546,163		386,949
		546,163		495,080
Creditors: amounts falling due within one year	5	( 140,395)		( 140,610)
Net current assets		405,768		354,470
Total assets less current liabilities		405,851		354,581
Net assets		405,851		354,581
Capital and reserves
Called-up share capital	6	12,529		12,529
Share premium account		740,472		740,472
Other reserves		1		1
Profit and loss account		( 347,151 )		( 398,421 )
Total shareholders' funds		405,851		354,581

For the financial year ending 29 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Molwin Estates Limited (registered number: 02939299) were approved and authorised for issue by the Board of Directors on 29 July 2026. They were signed on its behalf by:

Brian Lory Cordall Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Molwin Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 30 October 2024	14,463		14,463
At 29 October 2025	14,463		14,463
Accumulated depreciation
At 30 October 2024	14,352		14,352
Charge for the financial year	28		28
At 29 October 2025	14,380		14,380
Net book value
At 29 October 2025	83		83
At 29 October 2024	111		111

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	545,470		386,949
Other debtors	693		0
	546,163		386,949

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	0		3,625
Other creditors	140,395		136,985
	140,395		140,610

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50,116 Ordinary shares of £ 0.25 each	12,529		12,529