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REGISTERED NUMBER: 09952552 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUNCIE & DORSEY PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A M Jackson
W D Jackson





REGISTERED OFFICE: 3 Grove Field
High Garrett
Braintree
Essex
CM7 5NS





REGISTERED NUMBER: 09952552 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 575,683 461,363

CURRENT ASSETS
Cash at bank 5,578 853

CREDITORS
Amounts falling due within one year 5 378,450 359,399
NET CURRENT LIABILITIES (372,872 ) (358,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 202,811 102,817

CREDITORS
Amounts falling due after more than one
year

6

157,490

151,899
NET ASSETS/(LIABILITIES) 45,321 (49,082 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 114,320 -
Retained earnings (69,099 ) (49,182 )
SHAREHOLDERS' FUNDS 45,321 (49,082 )

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

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

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)

BALANCE SHEET - continued
31 JANUARY 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 1 November 2024 and were signed on its behalf by:




A M Jackson - Director



W D Jackson - Director


MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)

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

1. STATUTORY INFORMATION

Muncie & Dorsey Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover
Turnover represents net invoiced rents charged, excluding value added tax.

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.

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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 461,363
Revaluations 114,320
At 31 January 2024 575,683
NET BOOK VALUE
At 31 January 2024 575,683
At 31 January 2023 461,363

The investment property values are broken down as follows: £220,683 21 Mount Road £355,000 176 Church Street.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 114,320
Cost 461,363
575,683

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 5,591
Other creditors 378,450 353,808
378,450 359,399

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 157,490 151,899

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 157,490 123,944

MUNCIE & DORSEY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 09952552)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 157,490 157,490

The bank loan is secured against 21 Mount Road, Braintree, Essex. The Directors have also given a personal guarantee.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
Revaluation of assets 114,320

At 31 January 2024 114,320