Registered number
13116602
MUNSHI ALLEN ST LTD
Filleted Accounts
31 January 2024
MUNSHI ALLEN ST LTD
Registered number: 13116602
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,362,000 1,362,000
Current assets
Debtors 4 130,000 130,000
Cash at bank and in hand 103,379 38,015
233,379 168,015
Creditors: amounts falling due within one year 5 (43,334) (19,134)
Net current assets 190,045 148,881
Total assets less current liabilities 1,552,045 1,510,881
Creditors: amounts falling due after more than one year 6 (1,362,000) (1,362,000)
Net assets 190,045 148,881
Capital and reserves
Called up share capital 1 1
Profit and loss account 190,044 148,880
Shareholders' funds 190,045 148,881
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.
Munavvar Munshi
Director
Approved by the board on 12 April 2024
MUNSHI ALLEN ST LTD
Notes to the Accounts
for the year ended 31 January 2024
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. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
(Including directors)
3 Investments
Other
investments
£
Cost
At 1 February 2023 1,362,000
At 31 January 2024 1,362,000
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 130,000 130,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,534 18,534
Other creditors 30,800 600
43,334 19,134
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,362,000 1,362,000
7 Controlling party
Munshi Allen St Ltd is a wholly owned subsidiary of Fraser Morgan (Allen Street) Limited. The registered address of the parent company is:
3rd Floor, 207 Regent street
London
W1B 3HH
8 Other information
MUNSHI ALLEN ST LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Preston Road
Whittle-le-woods
Chorley
Lancashire
PR6 7PE
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