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Registration number: 05598589 (England & Wales)

Prepared for the registrar
37 MKM Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

37 MKM Ltd

(Registration number: 05598589)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 53,535 | 60,517
Investment property | 5 | 3,300,000 | 3,993,630
Investments | 6 | 2 | 6
|  | 3,353,537 | 4,054,153
Current assets |  |  |
Debtors | 7 | 4,406 | 12,941
Cash at bank and in hand |  | 32,479 | 33,776
|  | 36,885 | 46,717
Creditors: Amounts falling due within one year | 8 | (2,496,251) | (2,474,229)
Net current liabilities |  | (2,459,366) | (2,427,512)
Total assets less current liabilities |  | 894,171 | 1,626,641
Deferred tax liabilities |  | (55,579) | (109,071)
Net assets |  | 838,592 | 1,517,570
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 166,737 | 423,959
Retained earnings |  | 671,755 | 1,093,511
Shareholders' funds |  | 838,592 | 1,517,570

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

M K McQuaid
Director

37 MKM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Lower House Farm
Everleigh
Marlborough
Wiltshire
SN8 3EU

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, rent received and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

37 MKM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 33% reducing balance
Motor vehicles | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

37 MKM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 185,792 | 50,431 | 236,223
Additions | 14,575 | - | 14,575
At 31 March 2026 | 200,367 | 50,431 | 250,798
Depreciation
At 1 April 2025 | 131,491 | 44,215 | 175,706
Charge for the year | 20,003 | 1,554 | 21,557
At 31 March 2026 | 151,494 | 45,769 | 197,263
Carrying amount
At 31 March 2026 | 48,873 | 4,662 | 53,535
At 31 March 2025 | 54,301 | 6,216 | 60,517

| 5 | Investment properties

| £
At 1 April 2025 | 3,993,630
Additions | 32,485
Fair value adjustments | (726,115)
At 31 March 2026 | 3,300,000

At 31 March 2026 the investment properties were valued by the director on an open market basis. The historical cost of the properties is £3,493,085 (2025: £3,460,600).

There has been no valuation of investment property by an independent valuer.

37 MKM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 6 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 2 | 6

Subsidiaries | £
Cost
At 31 March 2026 | 2

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Wiltshire Concrete Ltd | Lower House Farm Everleigh Marlborough Wiltshire SN8 3EU | Ordinary shares | 100% | 100%
Berkshire Concrete Ltd | Lower House Farm Everleigh Marlborough Wiltshire SN8 3EU | Ordinary shares | 100% | 100%

All subsidiary companies are dormant with net assets of £100 each.

The following investment companies have been dissolved during the year:
Wiltshire Concrete Products Limited
Wiltshire Concrete Skips Limited
Wiltshire Concrete Aggregates Limited
Wiltshire Heavy Building Materials (Services) Limited

| 7 | Debtors

| 2026 £ | 2025 £
Other debtors | 4,406 | 12,941
| 4,406 | 12,941

37 MKM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 8 | Creditors

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 9 | 2,385,914 | 2,463,215
Taxation and social security |  | 423 | 7,704
Accruals and deferred income |  | 100,040 | 3,310
Other creditors |  | 9,874 | -
|  | 2,496,251 | 2,474,229

| 9 | Loans and borrowings

| Note | 2026 £ | 2025 £
Current loans and borrowings
Other borrowings | 11 | 2,385,914 | 2,463,215

| 10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2025 - £12,000).

| 11 | Related party transactions

Summary of transactions with other related parties

At 31 March 2026 the company owed £2,385,914 (2025: £2,463,215) to its directors. Interest of £96,000 (2025: £nil) was charged on this balance and there are no fixed repayment terms.