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REGISTERED NUMBER: 09334178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S R PROP MASTER LIMITED

S R PROP MASTER LIMITED (REGISTERED NUMBER: 09334178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S R PROP MASTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr S Register





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 21 The Glebe
Stubbington
Fareham
Hampshire
PO14 2PA





REGISTERED NUMBER: 09334178 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

S R PROP MASTER LIMITED (REGISTERED NUMBER: 09334178)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,597 21,383

CURRENT ASSETS
Debtors 5 2,968 838
Cash at bank 10,149 5,894
13,117 6,732
CREDITORS
Amounts falling due within one year 6 20,091 18,685
NET CURRENT LIABILITIES (6,974 ) (11,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,623

9,430

PROVISIONS FOR LIABILITIES 4,022 4,063
NET ASSETS 10,601 5,367

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,600 5,366
SHAREHOLDERS' FUNDS 10,601 5,367

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

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

S R PROP MASTER LIMITED (REGISTERED NUMBER: 09334178)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 3 February 2024 and were signed by:





Mr S Register - Director


S R PROP MASTER LIMITED (REGISTERED NUMBER: 09334178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

S R Prop Master 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts received for film and television prop services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

S R PROP MASTER LIMITED (REGISTERED NUMBER: 09334178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 20,960 9,270 25,556 55,786
Additions 2,060 2,499 - 4,559
Disposals (400 ) - - (400 )
At 31 December 2023 22,620 11,769 25,556 59,945
DEPRECIATION
At 1 January 2023 7,755 4,538 22,110 34,403
Charge for year 2,270 1,086 861 4,217
Eliminated on disposal (272 ) - - (272 )
At 31 December 2023 9,753 5,624 22,971 38,348
NET BOOK VALUE
At 31 December 2023 12,867 6,145 2,585 21,597
At 31 December 2022 13,205 4,732 3,446 21,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,918 -
Other debtors 1,050 838
2,968 838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,915 8,642
Other creditors 12,176 10,043
20,091 18,685