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Registered Number: 08308411
England and Wales

 

 

 

MUIRFIELD PROPERTY SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2021

End date: 30 November 2022
Director Mr Nicklaus Anthony Lee Thorpe
Registered Number 08308411
Registered Office 144 Nottingham Road
Eastwood
Nottingham
NG16 3GE
Accountants Equinox Accounting Limited
16 Greenfields
Nottingham
NG16 4GJ
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2022.
Principal activities
Principal activity of the company during the financial year was of activities undertaken by estate agents.
Director
The director who served the company throughout the year was as follows:
Mr Nicklaus Anthony Lee Thorpe
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Mr Nicklaus Anthony Lee Thorpe
Director

Date approved: 24 August 2023
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Muirfield Property Services Limited for the year ended 30 November 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Muirfield Property Services Limited for the year ended 30 November 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Muirfield Property Services Limited , as a body, in accordance with the terms of our engagement letter dated 24 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Muirfield Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Muirfield Property Services Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Muirfield Property Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Muirfield Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Muirfield Property Services Limited . You consider that Muirfield Property Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Muirfield Property Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2022



....................................................
Equinox Accounting Limited
16 Greenfields
Nottingham
NG16 4GJ
24 August 2023
3
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 32,632    53,657 
32,632    53,657 
Current assets      
Debtors 4 32,427    27,899 
Cash at bank and in hand 20,269    27,163 
52,696    55,062 
Creditors: amount falling due within one year 5 (41,814)   (45,230)
Net current assets 10,882    9,832 
 
Total assets less current liabilities 43,514    63,489 
Creditors: amount falling due after more than one year 6 (43,366)   (63,352)
Net assets 148    137 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 138    127 
Shareholder's funds 148    137 
 


For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 August 2023 and were signed by:


-------------------------------
Mr Nicklaus Anthony Lee Thorpe
Director
4
General Information
Muirfield Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08308411, registration address 144 Nottingham Road, Eastwood, Nottingham, NG16 3GE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 3 (2021 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2021 60,890    6,053    6,635    73,578 
Additions   814      814 
Disposals (15,895)       (15,895)
At 30 November 2022 44,995    6,867    6,635    58,497 
Depreciation
At 01 December 2021 12,178    2,523    5,220    19,921 
Charge for year 9,742    1,109    815    11,666 
On disposals (5,722)       (5,722)
At 30 November 2022 16,198    3,632    6,035    25,865 
Net book values
Closing balance as at 30 November 2022 28,797    3,235    600    32,632 
Opening balance as at 01 December 2021 48,712    3,530    1,415    53,657 


4.

Debtors: amounts falling due within one year

2022
£
  2021
£
Other Debtors 3,189    3,114 
Directors' Current Accounts 29,045    24,213 
32,234    27,327 

4.

Debtors: amounts falling due after one year

2022
£
  2021
£
Trade Debtors 193    572 
193    572 

5.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors   6,167 
Bank Loans & Overdrafts 3,117    3,043 
Corporation Tax 16,800    9,979 
PAYE & Social Security 601    181 
Other Creditors 2,634   
Obligations under HP/Financial Leases 6,999    10,703 
VAT 11,663    15,157 
41,814    45,230 

6.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Bank Loans & Overdrafts 22,369    25,467 
Obligations Under HP/Financial Leases 20,997    37,885 
43,366    63,352 

7.

Advances and Credits



Directors loan
The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

Current year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Directors loan24,213 39,408 34,576 29,045 
2421339408345760029045
Previous year (2021)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Directors loan25,051 53,402 54,240 24,213 
2505153402542400024213
5