1.
General Information
Mmfb Worcester Ltd
is a private company, limited by shares, incorporated in England & Wales. The Company's registered number and registered office can be found on the Company information page.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, value added taxes and other sales tax.
2.3.
Investment Properties
All investment properties are carried at the value of the most recent valuation. No depreciation is provided for. Changes in fair value are recognised in the Statement of Income and Retained Earnings.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 December 2024 |
|
| Additions |
|
| Revaluations | 475,000 |
| As at 30 November 2025 |
|
Fair value at 30th November 2025 is represented by:
Mmfb Worcester Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
|
£
|
|
|
Valuation in 2024
|
409,150
|
|
Valuation in 2025
|
475,000
|
|
Cost
|
2,255,286
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
3,139,436
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
|
|
| Other debtors | - |
|
|
| Deferred tax current asset | 44,233 | 608 | |
| Amounts owed by group undertakings |
|
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other creditors |
|
|
|
| Rent deposits |
|
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account |
|
|
|
| Amounts owed to group undertakings |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
Of the creditors falling due after more than one year the following amounts are due after more than five years.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
8.
Secured Creditors
Mmfb Worcester Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
9.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 December 2024 |
|
69,872 |
| Additions |
|
106,933 |
| Balance at 30 November 2025 |
|
176,805 |
11.
Reserves
| Revaluation reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 December 2024 |
|
( |
| Profit for year | - | 274,234 |
| Surplus on revaluation |
|
- |
| Other comprehensive income for the year |
|
|
| Total comprehensive income for the year | 475,000 |
|
| Transfer from revaluation reserve | - | (475,000) |
| As at 30 November 2025 |
|
( |
12.
Related Party Transactions
13.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr H Minhas
by virtue of his ownership of 100% of the issued share capital in the company.