Company Registration No. 15463856 (England and Wales)
M & K Property (sw) Ltd
Unaudited accounts
for the year ended 28 February 2026
M & K Property (sw) Ltd
Unaudited accounts
Contents
M & K Property (sw) Ltd
Company Information
for the year ended 28 February 2026
Directors
Marc James Davis
Katie Ann Davis
Company Number
15463856 (England and Wales)
Registered Office
15 Waylands Corner
Tiverton
Devon
EX16 6PN
England
Accountants
Cosmos Accounting Limited
15 Waylands Corner
Tiverton
Devon
EX16 6PN
M & K Property (sw) Ltd
Statement of financial position
as at 28 February 2026
Investment property
610,327
390,660
Cash at bank and in hand
16,941
7,935
Creditors: amounts falling due within one year
(271,171)
(170,721)
Net current liabilities
(251,656)
(157,632)
Total assets less current liabilities
358,671
233,028
Creditors: amounts falling due after more than one year
(369,548)
(242,859)
Net liabilities
(10,877)
(9,831)
Called up share capital
100
100
Profit and loss account
(10,977)
(9,931)
Shareholders' funds
(10,877)
(9,831)
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2026 and were signed on its behalf by
Katie Ann Davis
Director
Company Registration No. 15463856
M & K Property (sw) Ltd
Notes to the Accounts
for the year ended 28 February 2026
M & K Property (sw) Ltd is a private company, limited by shares, registered in England and Wales, registration number 15463856. The registered office is 15 Waylands Corner, Tiverton, Devon, EX16 6PN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At the balance sheet date the company had a net liability position to the value of £10,876. This is primarily attributable to an inter-company loan from an entity in which both directors are the sole directors and shareholders. The directors have committed to supporting the company through this entity for the foreseeable future.
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually from the directors. Any changes in fair value are recognised in the profit and loss. This policy is in accordance with FRS102.
Fair value at 1 March 2025
390,660
At 28 February 2026
610,327
2 Properties were purchased by the company in the previous financial year and the 3rd purchased in this financial year. Therefore they will still be considered to be at market value. The directors believe that no revaluation is required at this time, but will be done within the next 2-4 years, whenever the difference will be material to present a fair value.
Amounts falling due within one year
Deferred tax asset
2,574
2,329
M & K Property (sw) Ltd
Notes to the Accounts
for the year ended 28 February 2026
6
Creditors: amounts falling due within one year
2026
2025
Other creditors
270,421
170,421
Loans from directors
600
300
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
369,548
242,859
Aggregate of amounts that fall due for payment after five years
369,548
242,859
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling party is Mr Marc Davis and Mrs Kate Davis.
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).