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REGISTERED NUMBER: 13088665 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MURMURATION HOMES LTD

MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)






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


MURMURATION HOMES LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B J S Clarke
Mrs V E Clarke





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 13088665 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 660,000 660,000
660,002 660,002

CURRENT ASSETS
Debtors 6 2,800 -
Cash at bank 29,959 471,158
32,759 471,158
CREDITORS
Amounts falling due within one year 7 21,263 459,330
NET CURRENT ASSETS 11,496 11,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,498

671,830

CREDITORS
Amounts falling due after more than one
year

8

(495,000

)

(495,000

)

PROVISIONS FOR LIABILITIES 9 (45,084 ) (34,264 )
NET ASSETS 131,414 142,566

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 135,252 146,072
Retained earnings 10 (3,840 ) (3,508 )
131,414 142,566

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 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.

MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)

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 Board of Directors and authorised for issue on 21 May 2024 and were signed on its behalf by:




B J S Clarke - Director



Mrs V E Clarke - Director


MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)

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

1. STATUTORY INFORMATION

Murmuration Homes 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year 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 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).

MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 660,000
NET BOOK VALUE
At 31 December 2023 660,000
At 31 December 2022 660,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 180,336
Cost 479,664
660,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 479,664 479,664

The investment property was valued on an open market basis on 29 December 2021 by Foundation Home Loans .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,800 -

MURMURATION HOMES LTD (REGISTERED NUMBER: 13088665)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 18,803 458,310
Deferred income 1,500 -
Accrued expenses 960 1,020
21,263 459,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans more 5yrs non-inst 495,000 495,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 495,000 495,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 45,084 34,264

Deferred
tax
£   
Balance at 1 January 2023 34,264
Movement in period 10,820
Balance at 31 December 2023 45,084

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 (3,508 ) 146,072 142,564
Deficit for the year (11,152 ) (11,152 )
Revaluation 10,820 (10,820 ) -
At 31 December 2023 (3,840 ) 135,252 131,412

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party by virtue of both directors having an equal shareholding in Murmuration Homes Limited.