REGISTERED NUMBER: 12954817 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MUDEFORD 1.0 LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Investment property

4

257,844

257,844

Creditors

Amounts falling due within one year

5

82,716

80,682

Net current liabilities

(82,716

)

(80,682

)

Total assets less current liabilities

175,128

177,162

Creditors

Amounts falling due after more than one year

6

181,092

181,109

Net liabilities

(5,964

)

(3,947

)

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(5,965

)

(3,948

)

Shareholders' funds

(5,964

)

(3,947

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2026 and were signed by:

Mr B J Chambers - Director

1.	Statutory information

Mudeford 1.0 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12954817. The registered office and business address is 39 Clive Road, Christchurch, BH23 4NX.

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.

The Company has made a loss during the year and has a deficiency of assets at the year end of £5,964. The Company is dependent upon the continued support of its director and external lenders. The director has confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements.

Turnover

Turnover represents rental income and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Investment property

Investment property is shown at cost in the year of acquisition and at the most recent valuation in subsequent years. Any aggregate surplus or deficit arising from changes in fair value is recognised within other comprehensive income.

The directors do not consider that the value of this property, at this year-end, has materially altered since its acquisition. Therefore no fair value adjustment is required at the year end.

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 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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1 November 2024

and 31 October 2025

257,844

Net book value

At 31 October 2025

257,844

At 31 October 2024

257,844

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

70

Directors' current accounts

82,416

79,812

Accruals and deferred income

300

800

82,716

80,682

6.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans more 5 yrs non-inst

181,092

181,109

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

181,092

181,109

7.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

181,092

181,109

All monies due to or to become due to Bank of Scotland PLC are secured by way of a fixed charge over all the assets of the company, dated 1 April 2026.

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	Ultimate controlling party

The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital of the Company.