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REGISTERED NUMBER: 11189632 (England and Wales)


















Mvus Homes Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






Mvus Homes Limited (Registered number: 11189632)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mvus Homes Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Patel





REGISTERED OFFICE: 5 Walsall Road
Little Aston
Sutton Coldfield
B74 3BD





REGISTERED NUMBER: 11189632 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Mvus Homes Limited (Registered number: 11189632)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,553 514,452

CURRENT ASSETS
Debtors 5 379 -
Cash at bank 13,830 4,488
14,209 4,488
CREDITORS
Amounts falling due within one year 6 173,728 173,056
NET CURRENT LIABILITIES (159,519 ) (168,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 354,034 345,884

CREDITORS
Amounts falling due after more than one year 7 381,035 381,033
NET LIABILITIES (27,001 ) (35,149 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (27,002 ) (35,150 )
SHAREHOLDERS' FUNDS (27,001 ) (35,149 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 November 2023 and were signed by:





M Patel - Director


Mvus Homes Limited (Registered number: 11189632)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Mvus Homes Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance and 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 526,355 11,350 1,422 539,127
DEPRECIATION
At 1 March 2022 20,139 3,849 687 24,675
Charge for year - 751 148 899
At 28 February 2023 20,139 4,600 835 25,574
NET BOOK VALUE
At 28 February 2023 506,216 6,750 587 513,553
At 28 February 2022 506,216 7,501 735 514,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 379 -

Mvus Homes Limited (Registered number: 11189632)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 360 360
Intercompany loan 87,200 87,200
Directors' current accounts 85,550 84,878
Accrued expenses 618 618
173,728 173,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 8) 381,035 381,033

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 381,035 381,033

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 381,035 381,033

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (35,150 )
Profit for the year 8,148
At 28 February 2023 (27,002 )