2023-03-01 09457122 2024-02-29 09457122 2023-03-01 2024-02-29 09457122 2023-02-28 09457122 2022-03-01 2023-02-28 09457122 uk-core:WithinOneYear 2023-02-28 09457122 uk-core:WithinOneYear 2024-02-29 09457122 uk-core:AfterOneYear 2023-02-28 09457122 uk-core:AfterOneYear 2024-02-29 09457122 uk-core:ShareCapital 2024-02-29 09457122 uk-core:ShareCapital 2023-02-28 09457122 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 09457122 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 09457122 uk-bus:Director1 2023-03-01 2024-02-29 09457122 uk-core:AfterOneYear uk-core:Secured 2024-02-29 09457122 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 09457122 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09457122 uk-bus:FRS102 2023-03-01 2024-02-29 09457122 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 09457122 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
MSM Properties Ltd
Registered Number:09457122
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
MSM Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09457122
As at 29 February 2024
MSM Properties Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
120,500
120,500
Investment property
120,500
120,500
Current assets
Inventories
11,218,805
13,477,047
3
Trade and other receivables
42,898
30,100
4
2,643
Cash and cash equivalents
2,168
13,509,315
11,264,346
Trade and other payables: amounts falling due within one
year
(466,528)
(400,015)
5
10,797,818
13,109,300
Net current assets
Total assets less current liabilities
13,229,800
10,918,318
Trade and other payables: amounts falling due after more
than one year
(10,920,814)
(13,239,714)
6
(9,914)
Net liabilities
(2,496)
Capital and reserves
Called up share capital
2
2
Retained earnings
(9,916)
(2,498)
(9,914)
(2,496)
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R S Makkar Director
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
MSM Properties Ltd
Notes to the Financial Statements
Statutory Information
MSM Properties Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09457122.
Registered address:
Top Floor Bridgewater House
866 - 868 Uxbridge Road
Hayes
UB4 8JB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Investment property
Total
£
Fair value
At 01 March 2023
120,500
At 29 February 2024
120,500
Net book value
At 29 February 2024
120,500
At 28 February 2023
120,500
3. Inventories
2023
2024
£
£
Stocks
13,477,047
11,218,805
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5
For the year ended 29 February 2024
MSM Properties Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
11,487
-
Amounts owed by group undertakings and participating interests
7,300
17,500
Other debtors
11,313
25,398
42,898
30,100
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
7,300
17,500
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
288,439
380,710
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
7,300
Taxation and social security
13,990
16,515
Other creditors
97,586
62,003
400,015
466,528
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
40,667
43,137
Bank loans and overdraft (secured)
11,400,341
9,276,384
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
573,686
272,491
Other creditors
1,225,020
1,328,802
13,239,714
10,920,814
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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