REGISTERED NUMBER: 12665094 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MSHR Capital Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Purewal

S Kumar

R Bansal

H Bharya

REGISTERED OFFICE:

4 Station Parade

Ruislip

England

HA4 7DL

REGISTERED NUMBER:

12665094 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

FIXED ASSETS

Investment property

4

982,270

472,978

CURRENT ASSETS

Debtors

5

4,395

118,806

Cash at bank and in hand

3,197

113,957

7,592

232,763

CREDITORS

Amounts falling due within one year

6

(815

)

(777

)

NET CURRENT ASSETS

6,777

231,986

TOTAL ASSETS LESS CURRENT LIABILITIES

989,047

704,964

CREDITORS

Amounts falling due after more than one year

7

(1,032,881

)

(720,752

)

NET LIABILITIES

(43,834

)

(15,788

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(43,838

)

(15,792

)

(43,834

)

(15,788

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 4 October 2023 and were signed on its behalf by:

S Kumar - Director

M Purewal - Director

1.	Statutory information

MSHR Capital 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

3.	Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4.	Investment property

Total

£

FAIR VALUE

At 1 July 2022

472,978

Additions

509,292

At 30 June 2023

982,270

NET BOOK VALUE

At 30 June 2023

982,270

At 30 June 2022

472,978

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

Debtors: amounts falling due within one year

2023

2022

£

£

Other debtors

536

116,502

Directors' current accounts

2,304

2,304

Prepayments

1,555

-

4,395

118,806

6.

Creditors: amounts falling due within one year

2023

2022

£

£

Accrued expenses

815

777

7.

Creditors: amounts falling due after more than one year

2023

2022

£

£

Other loans (see note 8)

1,032,881

720,752

8.

Loans

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

385,000

290,000

Mortgage

647,881

430,752

1,032,881

720,752

9.	Secured debts

The following secured debts are included within creditors:

2023

2022

£

£

Mortgage

647,881

430,752

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023

2022

£

£

M Purewal

Balance outstanding at start of year

2,082

-

Amounts advanced

-

2,082

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,082

2,082

R Bansal

Balance outstanding at start of year

222

-

Amounts advanced

-

222

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

222

222

11.	Related party disclosures

Included within creditors is a sum of £201,200 (2022 : £156,200) due to M&S UK Property Limited, & a sum of £183,800 (2022:£133,800)due to Langhams Development Limited company related by way of sharing directors with this company.