ACCOUNTS - Final Accounts preparation

THREE M'S HARWICH LIMITED - Company Information

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Company Registration No. 05818587 (England and Wales)

THREE M'S HARWICH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2021

Riordan O'Sullivan & Co

Chartered Certified Accountants and Statutory Auditors

40 Chamberlayne Road

London

NW10 3JE


THREE M'S HARWICH LIMITED

COMPANY INFORMATION

Directors	M L Masterson
	C M Mitchell


Company secretary	M L Masterson


Registered number	05818587


Registered office	Mitchellson House
	Horton Trading Estate
	Stanwell Road
	Horton
	Slough
	SL3 9PF


Accountants	Riordan O'Sullivan & Co
	Chartered Certified Accountants
	40 Chamberlayne Road
	London
	NW10 3JE


Bankers	Allied Irish Bank (GB)
	85 Uxbridge Road
	Ealing
	London
	W5 5TH


THREE M'S HARWICH LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 3


THREE M'S HARWICH LIMITED REGISTERED NUMBER:05818587

BALANCE SHEET

AS AT 31 MAY 2021

		2021		2020
Note		£		£


Current assets
Stocks	246,977		246,977
Debtors	5,048		1,500
Cash at bank and in hand	84,546		58,312
	336,571		306,789
Creditors: amounts falling due within one year	(474,217)		(463,660)
Net current liabilities		(137,646)		(156,871)
Total assets less current liabilities		(137,646)		(156,871)

Net liabilities		(137,646)		(156,871)

Capital and reserves
Called up share capital	4	4
Profit and loss account	(137,650)	(156,875)
	(137,646)	(156,871)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 December 2021.

___________________________

C M Mitchell

Director

Page 1


THREE M'S HARWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

1.	General information

Three M's Harwich Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mitchellson House, Stanwell Road, Horton, Slough, Berkshire, SL3 9PF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date the company's net liabilities exceeded its net assets by £137,646 (2020: £156,871). The company meets its day to day working capital requirements through loans provided by the shareholders and other creditors. The company has the ongoing support from the shareholders and directors. Thus, the directors continue to prepare the financial statements on a going concern basis.

2.3

Turnover

Turnover represents proceeds from sale of developed residential properties which is recognised when the contractual arrangements with the purchaser become legally binding.
Rental income is recognised on a straight line basis over the term of the lease.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Stocks

Development land and properties are valued at the lower of cost and net realisable value. Cost for this purpose comprises the purchase of land and buildings, development expenditure and overheads.

2.6

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.7

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8

Leases

Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Page 2


THREE M'S HARWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

4.	Post balance sheet events

There were no events since the balance sheet date which materially affected the company.

Page 3