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REGISTERED NUMBER: SC753196 (Scotland)















Unaudited Financial Statements

for the Period 15 December 2022 to 31 December 2023

for

Msm Propco Ltd

Msm Propco Ltd (Registered number: SC753196)






Contents of the Financial Statements
for the Period 15 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Msm Propco Ltd

Company Information
for the Period 15 December 2022 to 31 December 2023







DIRECTOR: G Maitles





REGISTERED OFFICE: 2nd Floor, 24 Blythswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC753196 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Msm Propco Ltd (Registered number: SC753196)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Investment property 4 243,925

CURRENT ASSETS
Stocks 34,795
Debtors 5 100
Cash at bank 5,086
39,981
CREDITORS
Amounts falling due within one year 6 1,501
NET CURRENT ASSETS 38,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,405

CREDITORS
Amounts falling due after more than one
year

7

280,000
NET ASSETS 2,405

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 2,305
2,405

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Msm Propco Ltd (Registered number: SC753196)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





G Maitles - Director


Msm Propco Ltd (Registered number: SC753196)

Notes to the Financial Statements
for the Period 15 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Msm Propco Ltd is a private company, limited by shares , registered in Scotland. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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.

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 period 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 period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 243,925
At 31 December 2023 243,925
NET BOOK VALUE
At 31 December 2023 243,925

Msm Propco Ltd (Registered number: SC753196)

Notes to the Financial Statements - continued
for the Period 15 December 2022 to 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 541
Other creditors 960
1,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 280,000

8. RELATED PARTY DISCLOSURES

Mr G Maitles is also a director and person with significant control for The Service Directory Ltd.

Included within other creditors is an amount due to the The Service Directory Ltd of £280,000.

Msm Propco Ltd

Report of the Accountants to the Director of
Msm Propco Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


29 July 2024