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REGISTERED NUMBER: 11911406 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MURPHY HOLDINGS (SCARBOROUGH) LTD

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURPHY HOLDINGS (SCARBOROUGH) LTD

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: Mr S C Murphy
Mr C Murphy





REGISTERED OFFICE: Unit 3b/3c
Willymath Close
Burniston
Scarborough
YO13 0HG





REGISTERED NUMBER: 11911406 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 235,980 230,350

CURRENT ASSETS
Debtors 5 9,083 18,288
Cash at bank 93 39
9,176 18,327
CREDITORS
Amounts falling due within one year 6 162,716 134,483
NET CURRENT LIABILITIES (153,540 ) (116,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,440 114,194

CREDITORS
Amounts falling due after more than
one year

7

(64,416

)

(75,406

)

PROVISIONS FOR LIABILITIES (7,942 ) (7,942 )
NET ASSETS 10,082 30,846

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 25,732 25,732
Retained earnings (15,750 ) 5,014
10,082 30,846

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

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

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

BALANCE SHEET - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





Mr S C Murphy - Director


MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Murphy Holdings (Scarborough) 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.

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.

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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 230,350
Additions 5,630
At 31 May 2024 235,980
NET BOOK VALUE
At 31 May 2024 235,980
At 31 May 2023 230,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,406 15,065
Other debtors 1,677 3,223
9,083 18,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 11,375 11,375
Trade creditors 6,464 8,089
Other creditors 144,877 115,019
162,716 134,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 64,416 75,406

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 18,914 29,904

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 75,791 86,781

The mortgage is secured by way of two charges from HSBC. There are fixed and floating charges over all assets and property of the company as well as negative pledges.

MURPHY HOLDINGS (SCARBOROUGH) LTD (REGISTERED NUMBER: 11911406)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 25,732

10. RELATED PARTY DISCLOSURES

During the year the company received rental income from Murphy Utilities Limited which shares the same directors.

The amount owed by the company at the year end was £141,177 (2023: £111,048). The loan is interest free and repayable on demand.