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Registered number: 05834475
Mister Capital Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2022
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05834475
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 2,628,524 2,628,953
2,628,524 2,628,953
CURRENT ASSETS
Debtors 4 2,735,751 2,419,277
Cash at bank and in hand 62,593 74,121
2,798,344 2,493,398
Creditors: Amounts Falling Due Within One Year 5 (925,606 ) (880,856 )
NET CURRENT ASSETS (LIABILITIES) 1,872,738 1,612,542
TOTAL ASSETS LESS CURRENT LIABILITIES 4,501,262 4,241,495
Creditors: Amounts Falling Due After More Than One Year 6 (1,122,348 ) (1,294,199 )
NET ASSETS 3,378,914 2,947,296
CAPITAL AND RESERVES
Called up share capital 7 500 500
Profit and Loss Account 3,378,414 2,946,796
SHAREHOLDERS' FUNDS 3,378,914 2,947,296
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For the year ending 30 June 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Zubeir Mister
Director
07/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold -
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
1 1
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3. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2021 2,626,092 13,648 2,600 2,642,340
As at 30 June 2022 2,626,092 13,648 2,600 2,642,340
Depreciation
As at 1 July 2021 - 11,768 1,619 13,387
Provided during the period - 282 147 429
As at 30 June 2022 - 12,050 1,766 13,816
Net Book Value
As at 30 June 2022 2,626,092 1,598 834 2,628,524
As at 1 July 2021 2,626,092 1,880 981 2,628,953
4. Debtors
2022 2021
£ £
Due within one year
Other debtors 1,080,394 1,080,394
1,080,394 1,080,394
Due after more than one year
Other debtors 165,100 165,100
Other debtors (1) 1,490,257 1,173,783
1,655,357 1,338,883
2,735,751 2,419,277
5. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors - 3
Corporation tax 456,570 355,225
Other taxes and social security 23,159 23,159
Accruals and deferred income 4,945 4,445
Directors' loan accounts 440,932 498,024
925,606 880,856
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6. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Loans > 5yrs LTSB 206 107,566 154,381
Loans > 5yrs LTSB 805 74,304 99,218
Loans > 5yrs RBS 029 - 2,087
Loans > 5yrs LTSB 900 73,162 88,486
Loans > 5yrs LTSB 418 127,046 137,405
Loans > 5yrs LTSB 008 31,191 34,847
Loans > 5yrs LTSB 009 223,867 254,450
Loans > 5yrs LTSB 122 485,212 523,325
1,122,348 1,294,199
7. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 500 500
8. General Information
Mister Capital Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05834475 . The registered office is Empire Suite, 108 St Leonard Gate, Lancaster, Lancashire, LA1 1NN.
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