Registration number: 13049636

Martin and Wheatley Sales Ltd

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Martin and Wheatley Sales Ltd

Company Information

Directors

Martin & Wheatley Limited David Harvey

Registered office

Unit 2 Landmark Court 30 Queens Road Weybridge Surrey England KT13 9GU

Accountants

Atek Accounting Solutions Ltd Locke King House 2 Balfour Road Weybridge Surrey KT13 8HD

Martin and Wheatley Sales Ltd

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Martin & Wheatley Limited

Graham Peter South (resigned 1 June 2025)

David Harvey

Principal activity

The principal activity of the company is residential property sales agency.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

......................................... David Harvey Director

Martin and Wheatley Sales Ltd

(Registration number: 13049636)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	155
Current assets
Debtors	5	3,647	9,891
Cash at bank and in hand		29,086	7,652
		32,733	17,543
Creditors: Amounts falling due within one year	6	(58,040)	(52,698)
Net current liabilities		(25,307)	(35,155)
Net liabilities		(25,307)	(35,000)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(25,407)	(35,100)
Shareholders' deficit		(25,307)	(35,000)

For the financial year ending 31 December 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 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

......................................... David Harvey Director

Martin and Wheatley Sales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2 Landmark Court
30 Queens Road
Weybridge
Surrey
England
KT13 9GU

These financial statements were authorised for issue by the Board on 15 September 2026.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods 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.

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 tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Martin and Wheatley Sales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

The current income 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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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
Office Equipment	3 years straight line
Fixtures & Fittings	3 years straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Martin and Wheatley Sales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

Martin and Wheatley Sales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	3,212	937	4,149
At 31 December 2025	3,212	937	4,149
Depreciation
At 1 January 2025	3,212	782	3,994
Charge for the year	-	155	155
At 31 December 2025	3,212	937	4,149
Carrying amount
At 31 December 2025	-	-	-
At 31 December 2024	-	155	155

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,830	1,482
Amounts owed by related parties		1,500	-
Prepayments		67	1,159
Other debtors		250	7,250
		3,647	9,891

6

Creditors

Creditors: amounts falling due within one year

Martin and Wheatley Sales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6	Creditors (continued)

	2025 £	2024 £
Due within one year
Trade creditors	30,555	18,156
Taxation and social security	9,699	1,449
Accruals and deferred income	9,693	-
Other creditors	8,093	33,093
	58,040	52,698

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.10 each	960	96	960	96
Ordinary shares A of £0.10 each	20	2	20	2
Ordinary shares B of £0.10 each	20	2	20	2
	1,000	100	1,000	100