REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 APRIL 2022 |
FOR |
MULTIPLE STATES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 |
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 |
Turnover |
Turnover represents sales of services and is recognised at the point the customer is entitled to consideration. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 27 April 2022 |
DEPRECIATION |
At 28 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 27 April 2022 |
NET BOOK VALUE |
At 27 April 2022 |
At 27 April 2021 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Tax |
Directors' loan accounts | 3,994 | 1,482 |
Accrued expenses |
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 |
This was by virtue of his 100% holding of the issued share capital. |