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REGISTERED NUMBER: 08090185 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MUNROSE PROPERTY DEVELOPMENT LIMITED

MUNROSE PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08090185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUNROSE PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Rosen
R Munster





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh On Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 08090185 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

MUNROSE PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08090185)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,000 7,000

CURRENT ASSETS
Stocks 480,073 480,073
Debtors 5 495,999 524,186
Cash at bank 72,093 54,108
1,048,165 1,058,367
CREDITORS
Amounts falling due within one year 6 9,619 9,210
NET CURRENT ASSETS 1,038,546 1,049,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,546

1,056,157

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,044,546 1,055,157
SHAREHOLDERS' FUNDS 1,045,546 1,056,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MUNROSE PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08090185)

BALANCE SHEET - continued
31 MARCH 2024


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 17 September 2024 and were signed on its behalf by:




R Munster - Director



S Rosen - Director


MUNROSE PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08090185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Munrose Property Development 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 7,000
NET BOOK VALUE
At 31 March 2024 7,000
At 31 March 2023 7,000

MUNROSE PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 08090185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Elswood Property Ltd
Registered office: Sutherland House, 1759 London Road, Leigh-on-Sea, Essex, SS9 2RZ
Nature of business: Property development and construction
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 220,088 199,490
Profit for the year 20,598 23,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 495,999 524,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 236 34
Taxation and social security 199 (20 )
Other creditors 9,184 9,196
9,619 9,210