IRIS Accounts Production v22.1.4.3 11911406 Board of Directors 1.10.21 31.5.22 31.5.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure119114062021-09-30119114062022-05-31119114062021-10-012022-05-31119114062020-09-30119114062020-10-012021-09-30119114062021-09-3011911406ns16:EnglandWales2021-10-012022-05-3111911406ns15:PoundSterling2021-10-012022-05-3111911406ns11:Director12021-10-012022-05-3111911406ns11:PrivateLimitedCompanyLtd2021-10-012022-05-3111911406ns11:SmallEntities2021-10-012022-05-3111911406ns11:AuditExempt-NoAccountantsReport2021-10-012022-05-3111911406ns11:SmallCompaniesRegimeForDirectorsReport2021-10-012022-05-3111911406ns11:SmallCompaniesRegimeForAccounts2021-10-012022-05-3111911406ns11:FullAccounts2021-10-012022-05-3111911406ns11:Director22021-10-012022-05-3111911406ns11:RegisteredOffice2021-10-012022-05-3111911406ns6:CurrentFinancialInstruments2022-05-3111911406ns6:CurrentFinancialInstruments2021-09-3011911406ns6:Non-currentFinancialInstruments2022-05-3111911406ns6:Non-currentFinancialInstruments2021-09-3011911406ns6:ShareCapital2022-05-3111911406ns6:ShareCapital2021-09-3011911406ns6:FurtherSpecificReserve3ComponentTotalEquity2022-05-3111911406ns6:FurtherSpecificReserve3ComponentTotalEquity2021-09-3011911406ns6:RetainedEarningsAccumulatedLosses2022-05-3111911406ns6:RetainedEarningsAccumulatedLosses2021-09-3011911406ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3111911406ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-3011911406ns6:Secured2022-05-3111911406ns6:Secured2021-09-30
REGISTERED NUMBER: 11911406 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2021 to 31 May 2022

for

Murphy Holdings (Scarborough) Ltd

Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)






Contents of the Financial Statements
for the Period 1 October 2021 to 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murphy Holdings (Scarborough) Ltd

Company Information
for the Period 1 October 2021 to 31 May 2022







DIRECTORS: Mr S C Murphy
Mr C Murphy





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 11911406 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)

Balance Sheet
31 May 2022

31.5.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 226,700 193,232

CURRENT ASSETS
Debtors 5 10,553 750
Cash at bank 498 294
11,051 1,044
CREDITORS
Amounts falling due within one year 6 94,023 72,795
NET CURRENT LIABILITIES (82,972 ) (71,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,728

121,481

CREDITORS
Amounts falling due after more than one
year

7

(86,964

)

(94,269

)

PROVISIONS FOR LIABILITIES (6,036 ) -
NET ASSETS 50,728 27,212

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 25,732 -
Retained earnings 24,896 27,112
SHAREHOLDERS' FUNDS 50,728 27,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 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.

Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)

Balance Sheet - continued
31 May 2022


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 8 August 2022 and were signed on its behalf by:





Mr S C Murphy - Director


Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)

Notes to the Financial Statements
for the Period 1 October 2021 to 31 May 2022

1. STATUTORY INFORMATION

Murphy Holdings (Scarborough) Ltd 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.

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.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 May 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2021 193,232
Additions 1,700
Revaluations 31,768
At 31 May 2022 226,700
NET BOOK VALUE
At 31 May 2022 226,700
At 30 September 2021 193,232

Fair value at 31 May 2022 is represented by:
£   
Valuation in 2022 31,768
Cost 194,932
226,700

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

31.5.22 30.9.21
£    £   
Cost 194,932 185,010

Investment property was valued on an open market basis on 31 May 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 30.9.21
£    £   
Trade debtors 8,880 750
Other debtors 1,673 -
10,553 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 30.9.21
£    £   
Bank loans and overdrafts 10,655 10,175
Trade creditors 3,778 -
Taxation and social security 2,359 2,692
Other creditors 77,231 59,928
94,023 72,795

Murphy Holdings (Scarborough) Ltd (Registered number: 11911406)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 May 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.22 30.9.21
£    £   
Bank loans 86,964 94,269

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 44,342 26,503

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.22 30.9.21
£    £   
Bank loans 97,619 104,444

The mortgage is secured by way of two charges from HSBC. There is fixed and floating charges over all assets and property of the company as well as negative pledges.

9. RESERVES
Fair
value
reserve
£   
Revaluation in year 31,768
Deferred tax charge (6,036 )

At 31 May 2022 25,732

10. RELATED PARTY DISCLOSURES

During the year the company received monies from Murphy Utilities Limited which shares the same directors. The amount owed by the company at the year end was £71,927 (2021: £58,600). The loan is interest free and repayable on demand.