ACCOUNTS - Final Accounts

THREE M'S HARWICH LIMITED - Company Information

Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2true2022-06-01 05818587 2022-06-01 2023-05-31 05818587 2021-06-01 2022-05-31 05818587 2023-05-31 05818587 2022-05-31 05818587 1 2022-06-01 2023-05-31 05818587 d:Director2 2022-06-01 2023-05-31 05818587 c:CurrentFinancialInstruments 2023-05-31 05818587 c:CurrentFinancialInstruments 2022-05-31 05818587 c:CurrentFinancialInstruments c:WithinOneYear 2023-05-31 05818587 c:CurrentFinancialInstruments c:WithinOneYear 2022-05-31 05818587 c:ShareCapital 2023-05-31 05818587 c:ShareCapital 2022-05-31 05818587 c:RetainedEarningsAccumulatedLosses 2023-05-31 05818587 c:RetainedEarningsAccumulatedLosses 2022-05-31 05818587 d:FRS102 2022-06-01 2023-05-31 05818587 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 05818587 d:FullAccounts 2022-06-01 2023-05-31 05818587 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05818587 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

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 2023

Riordan O'Sullivan & Co

Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE


THREE M'S HARWICH LIMITED REGISTERED NUMBER:05818587

BALANCE SHEET

AS AT 31 MAY 2023

		2023		2022
Note		£		£


Current assets
Stocks		246,977		246,977
Debtors	4	105,297		104,377
		352,274		351,354
Creditors: amounts falling due within one year	5	(465,640)		(479,563)
Net current liabilities			(113,366)		(128,209)
Total assets less current liabilities			(113,366)		(128,209)

Net liabilities			(113,366)		(128,209)

Capital and reserves
Called up share capital	4	4
Profit and loss account	(113,370)	(128,213)
	(113,366)	(128,209)

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 20 February 2024.

___________________________

C M Mitchell

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


THREE M'S HARWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

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 £111,866 (2022: £128,209). 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

Revenue

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Debtors

					2023	2022
					£	£


Amounts owed by related undertakings	105,297	102,877
Other debtors	-	1,500
	105,297	104,377

Page 2


THREE M'S HARWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

4.Debtors (continued)

The amounts owed by related undertakings are unsecured, interest free and repayable on demand.

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	3,518	-
Amounts owed to related undertakings	28,407	45,848
Other creditors	307,715	307,715
Accruals	126,000	126,000
	465,640	479,563

The amounts owed to related undertakings are unsecured, interest free and repayable on demand.

6.	Post balance sheet events

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

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