Misa Property Limited 12357961 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 12357961 2022-01-01 2022-12-31 12357961 2022-12-31 12357961 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-31 12357961 core:CurrentFinancialInstruments 2022-12-31 12357961 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12357961 bus:SmallEntities 2022-01-01 2022-12-31 12357961 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12357961 bus:FullAccounts 2022-01-01 2022-12-31 12357961 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12357961 bus:RegisteredOffice 2022-01-01 2022-12-31 12357961 bus:Director1 2022-01-01 2022-12-31 12357961 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-01-01 2022-12-31 12357961 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12357961 countries:EnglandWales 2022-01-01 2022-12-31 12357961 2021-12-31 12357961 2021-01-01 2021-12-31 12357961 2021-12-31 12357961 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-12-31 12357961 core:CurrentFinancialInstruments 2021-12-31 12357961 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12357961

Misa Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

Misa Property Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Misa Property Limited

Company Information

Director

Mrs P Y S Leung

Registered office

Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Misa Property Limited

(Registration number: 12357961)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Investment property

4

-

83,502

Current assets

 

Debtors

5

-

103

Cash at bank and in hand

 

98,911

1,130

 

98,911

1,233

Creditors: Amounts falling due within one year

6

(113,953)

(107,013)

Net current liabilities

 

(15,042)

(105,780)

Net liabilities

 

(15,042)

(22,278)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(15,142)

(22,378)

Shareholders' deficit

 

(15,042)

(22,278)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
Mrs P Y S Leung
Director

 

Misa Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

These financial statements were authorised for issue by the director on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Misa Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Investment properties

2022
£

At 1 January

83,502

Disposals

(83,502)

At 31 December

-

There has been no valuation of investment property by an independent valuer.

5

Debtors

 

Misa Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

2022
£

2021
£

Prepayments

-

103

-

103

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

15,245

8,306

Other creditors

98,708

98,707

113,953

107,013

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100