Registered number
10418029
Murray Investment Holdings Ltd
Filleted Accounts
31 October 2022
Murray Investment Holdings Ltd
Registered number: 10418029
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Investment property 3 5,008,563 4,068,123
Current assets
Debtors 4 56,224 20,258
Cash at bank and in hand 101,343 60,644
157,567 80,902
Creditors: amounts falling due within one year 5 (50,743) (37,954)
Net current assets 106,824 42,948
Total assets less current liabilities 5,115,387 4,111,071
Creditors: amounts falling due after more than one year 6 (4,568,099) (3,707,440)
Net assets 547,288 403,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 547,188 403,531
Shareholders' funds 547,288 403,631
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jennifer Bacon James Bacon
Director
Approved by the board on 25 October 2023
Murray Investment Holdings Ltd
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 -
3 Investment property 2022 2021
£ £
B/fwd 4,068,123 3,084,173
Additions 1,394,171 1,617,918
Revaluation - -
Disposals (453,731) (633,968)
5,008,563 4,068,123
The fair value of the Investment Property at 31 October 2022 has been arrived at on the basis of a valuation carried out at that date by Ms Jennifer Bacon, a director of the company who is not a professionally qualified valuer. No change in value in 2022 compared to 2021.
4 Debtors 2022 2021
£ £
Trade debtors 1,307 20,258
Other debtors 54,917 -
56,224 20,258
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 5,496 4,865
Taxation and social security costs 39,347 29,189
Other creditors 5,900 3,900
50,743 37,954
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 3,044,081 2,051,900
Other creditors 1,524,018 1,655,540
4,568,099 3,707,440
7 Other information
Murray Investment Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Great North Business Centre,
82 Great North Road
Hatfield
AL9 5BL
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