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REGISTERED NUMBER: 09102184 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 APRIL 2022

FOR

MULTIPLE STATES LTD

MULTIPLE STATES LTD (REGISTERED NUMBER: 09102184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MULTIPLE STATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 27 APRIL 2022







DIRECTOR: K J Beck





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09102184 (England and Wales)





ACCOUNTANTS: Cardens Accountants and Business Advisors Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MULTIPLE STATES LTD (REGISTERED NUMBER: 09102184)

BALANCE SHEET
27 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 6,625 4,348

CURRENT ASSETS
Debtors 4 489 -
Cash at bank 40,869 33,673
41,358 33,673
CREDITORS
Amounts falling due within one year 5 11,045 8,963
NET CURRENT ASSETS 30,313 24,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,938

29,058

PROVISIONS FOR LIABILITIES 1,259 826
NET ASSETS 35,679 28,232

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 35,589 28,142
35,679 28,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 April 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





K J Beck - Director


MULTIPLE STATES LTD (REGISTERED NUMBER: 09102184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2022

1. 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.

Turnover
Turnover represents sales of services and is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

MULTIPLE STATES LTD (REGISTERED NUMBER: 09102184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 APRIL 2022

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 28 April 2021 3,518 8,943 12,461
Additions - 4,494 4,494
Disposals - (5,686 ) (5,686 )
At 27 April 2022 3,518 7,751 11,269
DEPRECIATION
At 28 April 2021 1,505 6,608 8,113
Charge for year 403 1,525 1,928
Eliminated on disposal - (5,397 ) (5,397 )
At 27 April 2022 1,908 2,736 4,644
NET BOOK VALUE
At 27 April 2022 1,610 5,015 6,625
At 27 April 2021 2,013 2,335 4,348

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 489 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 22 400
Tax 5,229 5,282
Directors' loan accounts 3,994 1,482
Accrued expenses 1,800 1,799
11,045 8,963

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, K Beck increased his loan to the company. As at 27 April 2022, the company owed him £3,994 (2021: £1,482). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, the company paid K Beck rent amounting to £312 (2021: £1,169) as a result of utilising office space within his home.

MULTIPLE STATES LTD (REGISTERED NUMBER: 09102184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 APRIL 2022

7. POST BALANCE SHEET EVENTS

Prior to the balance sheet date and to the approval of these accounts an outbreak of the COVID-19 virus occurred causing a global pandemic recognised by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. Part of the government action has been to order businesses where people gather socially to close temporarily. During the year, the first national lockdown restrictions were imposed from 23 March 2020 and following gradual easing of that lockdown further local and national lockdown restrictions were also in place at varying times during the year. As at the balance sheet date, all restrictions have been lifted.

In response to this, management of the company have assessed the impact of these measures and deemed no adjustment required to the financial statements as a result of this event.

The director continues to monitor the situation as it rapidly changes and will react to further developments.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K J Beck.

This was by virtue of his 100% holding of the issued share capital.