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REGISTERED NUMBER: 10525899 (England and Wales)







Abridged Financial Statements for the Year Ended 31st December 2023

for

Msquared (Clows Top) Ltd

Msquared (Clows Top) Ltd (Registered number: 10525899)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Msquared (Clows Top) Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: C A C Matthews
A W F McMinn
R W J Matthews





REGISTERED OFFICE: Mount Flirt Ankerdine Road
Broadwas-On-Teme
Worcester
Worcestershire
WR6 5NS





REGISTERED NUMBER: 10525899 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Msquared (Clows Top) Ltd (Registered number: 10525899)

Abridged Balance Sheet
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,753,504 805,520
Debtors 118 1,250
Cash at bank 1,190 513
1,754,812 807,283
CREDITORS
Amounts falling due within one year 1,771,056 818,988
NET CURRENT LIABILITIES (16,244 ) (11,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,244

)

(11,705

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,344 ) (11,805 )
SHAREHOLDERS' FUNDS (16,244 ) (11,705 )

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th August 2024 and were signed on its behalf by:




C A C Matthews - Director



A W F McMinn - Director


Msquared (Clows Top) Ltd (Registered number: 10525899)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Msquared (Clows Top) 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.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2022 - NIL).

4. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 629,914

The loans are secured against the assets of the company.

5. RELATED PARTY DISCLOSURES

Included within the accounts are loans from Grovewalk Properties Ltd, McMinn Developments Ltd and Msquared (Homes) Ltd, all companies are registered in the United Kingdom. No interest is charged on these loans.

6. GOING CONCERN

As at 31 December 2023 the balance sheet was overdrawn by £16,244. The directors have agreed to support the company for the foreseeable future and the accounts have therefore been drawn up on a going concern basis.