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REGISTERED NUMBER: 13207470 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Munay Properties Ltd

Munay Properties Ltd (Registered number: 13207470)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Munay Properties Ltd (Registered number: 13207470)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 291,122 271,558

CURRENT ASSETS
Debtors 5 210 -
Cash at bank 1,937 240
2,147 240
CREDITORS
Amounts falling due within one year 6 21,394 10,828
NET CURRENT LIABILITIES (19,247 ) (10,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,875

260,970

CREDITORS
Amounts falling due after more than
one year

7

291,413

271,666
NET LIABILITIES (19,538 ) (10,696 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 - 4,659
Retained earnings (19,638 ) (15,455 )
SHAREHOLDERS' FUNDS (19,538 ) (10,696 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

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 her 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.

Munay Properties Ltd (Registered number: 13207470)

Statement of Financial Position - continued
29 February 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 director and authorised for issue on 25 November 2024 and were signed by:





Ms Lorena Alexsandra Salazar Carrillo - Director


Munay Properties Ltd (Registered number: 13207470)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Munay Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13207470

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment property has been stated at cost. The Board do not consider the fair value of the property to be materially different from the value disclosed.

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 statement of financial position date.


Munay Properties Ltd (Registered number: 13207470)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £19,538. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 271,558
Additions 24,224
Revaluations (4,660 )
At 29 February 2024 291,122
NET BOOK VALUE
At 29 February 2024 291,122
At 28 February 2023 271,558

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2023 4,659
Valuation in 2024 (4,659 )
Cost 291,122
291,122

Munay Properties Ltd (Registered number: 13207470)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 210 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 65 -
Other creditors 21,329 10,828
21,394 10,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 291,413 271,666

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 52,510

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9. RESERVES
Fair
value
reserve
£   
At 1 March 2023 4,659
Transfer to/from reserves (4,659 )

At 29 February 2024 -

Munay Properties Ltd (Registered number: 13207470)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RELATED PARTY DISCLOSURES

The company owes £574 to its director, Ms Lorena Alexsandra Salazar Carrillo as at accounting year end date.