REGISTERED NUMBER: 04121684 (England and Wales)

Financial Statements

for the Year Ended 30 November 2025

for

MWMAC Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Hughes

Mrs V A S R Hughes BSc

Mrs V E R Laurie

C A Hughes

REGISTERED OFFICE:

Coed Pwllacca

Brynwern

Builth Wells

Powys

LD2 3SE

REGISTERED NUMBER:

04121684 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

BANKERS:

Barclays Bank Plc

Great Oak Street

Llanidloes

Powys

SY18 6EQ

FIXED ASSETS

Tangible assets

4

66,183

78,148

Investment property

5

173,453

173,453

239,636

251,601

CURRENT ASSETS

Debtors

6

11,797

39,082

Cash at bank and in hand

58,423

28,107

70,220

67,189

CREDITORS

Amounts falling due within one year

7

110,063

112,820

NET CURRENT LIABILITIES

(39,843

)

(45,631

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,793

205,970

CREDITORS

Amounts falling due after more than one year

8

7,976

20,274

NET ASSETS

191,817

185,696

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

50

50

Retained earnings

191,667

185,546

SHAREHOLDERS' FUNDS

191,817

185,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mrs V A S R Hughes BSc - Director

1.	STATUTORY INFORMATION

MWMAC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

8,595

188,479

197,074

Additions

-

233

233

At 30 November 2025

8,595

188,712

197,307

DEPRECIATION

At 1 December 2024

8,595

110,331

118,926

Charge for year

-

12,198

12,198

At 30 November 2025

8,595

122,529

131,124

NET BOOK VALUE

At 30 November 2025

-

66,183

66,183

At 30 November 2024

-

78,148

78,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

11,490

DEPRECIATION

At 1 December 2024

2,298

Charge for year

2,298

At 30 November 2025

4,596

NET BOOK VALUE

At 30 November 2025

6,894

At 30 November 2024

9,192

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

173,453

NET BOOK VALUE

At 30 November 2025

173,453

At 30 November 2024

173,453

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

10,980

25,631

Other debtors

817

13,451

11,797

39,082

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts

6,464

6,464

Trade creditors

27,371

32,122

Taxation and social security

26,509

20,883

Other creditors

43,885

43,351

110,063

112,820

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

5,834

Hire purchase contracts

7,976

14,440

7,976

20,274