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REGISTERED NUMBER: 11911406 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

MURPHY HOLDINGS (SCARBOROUGH) LTD

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURPHY HOLDINGS (SCARBOROUGH) LTD

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTORS: Mr S C Murphy
Mr C Murphy





REGISTERED OFFICE: First Floor
Unit 15
Manor Court
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 11911406 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,350 226,700

CURRENT ASSETS
Debtors 5 18,288 10,553
Cash at bank 39 498
18,327 11,051
CREDITORS
Amounts falling due within one year 6 134,483 94,023
NET CURRENT LIABILITIES (116,156 ) (82,972 )
TOTAL ASSETS LESS CURRENT LIABILITIES 114,194 143,728

CREDITORS
Amounts falling due after more than
one year

7

(75,406

)

(86,964

)

PROVISIONS FOR LIABILITIES (7,942 ) (6,036 )
NET ASSETS 30,846 50,728

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 25,732 25,732
Retained earnings 5,014 24,896
30,846 50,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

BALANCE SHEET - continued
31 May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr S C Murphy - Director


MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Murphy Holdings (Scarborough) 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.

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 Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 226,700
Additions 3,650
At 31 May 2023 230,350
NET BOOK VALUE
At 31 May 2023 230,350
At 31 May 2022 226,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,065 8,880
Other debtors 3,223 1,673
18,288 10,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 11,375 10,655
Trade creditors 8,089 3,779
Taxation and social security - 2,359
Other creditors 115,019 77,230
134,483 94,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 75,406 86,964

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 29,904 44,342

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 86,781 97,619

The mortgage is secured by way of two charges from HSBC. There are fixed and floating charges over all assets and property of the company as well as negative pledges.

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


9. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 25,732

10. RELATED PARTY DISCLOSURES

During the year the company received monies from Murphy Utilities Limited which shares the same directors.

The amount owed by the company at the year end was £111,048 (2022: £71,927). The loan is interest free and repayable on demand.