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Registered Number: 08308411
England and Wales

 

 

 

MUIRFIELD PROPERTY SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Mr Nicklaus Anthony Lee Thorpe
Registered Number 08308411
Registered Office 17 Queen Street
Southwell
Nottinghamshire
NG25 0AA
Accountants Equinox Accounting Limited
Unit 2 Sherbrook Road
Daybrook
Nottingham
Nottinghamshire
NG5 6AB
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 28,119    32,632 
28,119    32,632 
Current assets      
Debtors 4 61,174    32,427 
Cash at bank and in hand 7,927    20,269 
69,101    52,696 
Creditors: amount falling due within one year 5 (65,178)   (41,814)
Net current assets 3,923    10,882 
 
Total assets less current liabilities 32,042    43,514 
Creditors: amount falling due after more than one year 6 (36,268)   (43,366)
Provisions for liabilities 7 (315)  
Net assets (4,541)   148 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account (4,551)   138 
Shareholders' funds (4,541)   148 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 17 August 2024 and were signed by:


-------------------------------
Mr Nicklaus Anthony Lee Thorpe
Director
2
General Information
Muirfield Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08308411, registration address 17 Queen Street, Southwell, Nottinghamshire, NG25 0AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 44,995    6,867    6,635    58,497 
Additions   3,506    748    4,254 
Disposals      
At 30 November 2023 44,995    10,373    7,383    62,751 
Depreciation
At 01 December 2022 16,198    3,632    6,035    25,865 
Charge for year 5,759    2,166    842    8,767 
On disposals      
At 30 November 2023 21,957    5,798    6,877    34,632 
Net book values
Closing balance as at 30 November 2023 23,038    4,575    506    28,119 
Opening balance as at 01 December 2022 28,797    3,235    600    32,632 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 339    193 
Amount Owed by Participating Interests 21,356   
Other Debtors 3,114    3,189 
Directors' Current Accounts 36,365    29,045 
61,174    32,427 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 1,962    3,117 
Corporation Tax 16,281    16,800 
PAYE & Social Security 2,845    601 
Other Creditors 15,045    2,634 
Obligations under HP/Financial Leases 6,999    6,999 
Wages & Salaries Control Account 2,851   
VAT 19,195    11,663 
65,178    41,814 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 22,270    22,369 
Obligations Under HP/Financial Leases 13,998    20,997 
36,268    43,366 

7.

Provisions for liabilities

2023
£
  2022
£
Pension Provisions 315   
315   

8.

Advances and Credits



Directors loan
The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Directors loan29,045 7,320 36,365 
290457320000036365
Previous year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Directors loan24,213 39,408 34,576 29,045 
24213394080345760029045
3