REGISTERED NUMBER: 14227952 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

M&L Law Properties Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Dr M Law

Mrs L H Law

REGISTERED OFFICE:

Office 101, Floor 1

Translation & Innovation Hub

84 Wood Lane

London

W12 0BZ

REGISTERED NUMBER:

14227952 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M&L Law Properties Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M&L Law Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M&L Law Properties Limited and state those matters that we have agreed to state to the Board of Directors of M&L Law Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M&L Law Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M&L Law Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M&L Law Properties Limited. You consider that M&L Law Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M&L Law Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

23 September 2026

FIXED ASSETS

Investment property

4

657,500

657,500

CURRENT ASSETS

Debtors

5

88

94

Cash at bank

4,490

6,311

4,578

6,405

CREDITORS

Amounts falling due within one year

6

353,953

380,440

NET CURRENT LIABILITIES

(349,375

)

(374,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

308,125

283,465

CREDITORS

Amounts falling due after more than one year

7

352,400

331,474

NET LIABILITIES

(44,275

)

(48,009

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(44,276

)

(48,010

)

(44,275

)

(48,009

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Dr M Law - Director

1.	STATUTORY INFORMATION

M&L Law Properties 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.

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 as modified by the revaluation of certain assets.

Despite the company having net liabilities, £349,750 (2024: £353,750) relates to a balance owing to a connected company and that company would support this company in the event of any issues.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

657,500

NET BOOK VALUE

At 31 December 2025

657,500

At 31 December 2024

657,500

Fair value at 31 December 2025 is represented by:

£

Valuation in 2023

(8,555

)

Valuation in 2024

(29,567

)

Cost

695,622

657,500

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

695,622

695,622

Aggregate depreciation

35,450

21,816

The properties were originally recorded at cost plus refurbishment costs, each the Directors review the value of the properties so that they are stated at their fair value or for any impairment in the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

88

94

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,650

22,650

Amounts owed to group undertakings

349,750

353,750

Other creditors

2,553

4,040

353,953

380,440

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

352,400

331,474

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

345,800

240,873

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

354,050

354,124

9.	RELATED PARTY DISCLOSURES

The issued share capital is owned 100% by M&L Law Holdings Ltd.

Included in creditors is an amount owed to the above company of £349,750 (2024: £353,750).

This amount is unsecured and interest free.

The holding company intends to support M&L Law Properties Ltd whilst the company continues to trade.