MSD Property Services Ltd 13321557 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of buying, letting and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13321557 2023-05-01 2024-04-30 13321557 2024-04-30 13321557 bus:OrdinaryShareClass1 2024-04-30 13321557 core:RetainedEarningsAccumulatedLosses 2024-04-30 13321557 core:ShareCapital 2024-04-30 13321557 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13321557 core:Non-currentFinancialInstruments 2024-04-30 13321557 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 13321557 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 13321557 bus:SmallEntities 2023-05-01 2024-04-30 13321557 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13321557 bus:FilletedAccounts 2023-05-01 2024-04-30 13321557 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13321557 bus:RegisteredOffice 2023-05-01 2024-04-30 13321557 bus:Director1 2023-05-01 2024-04-30 13321557 bus:Director2 2023-05-01 2024-04-30 13321557 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13321557 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13321557 core:LandBuildings 2023-05-01 2024-04-30 13321557 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13321557 countries:England 2023-05-01 2024-04-30 13321557 2023-04-30 13321557 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 13321557 2022-05-01 2023-04-30 13321557 2023-04-30 13321557 bus:OrdinaryShareClass1 2023-04-30 13321557 core:RetainedEarningsAccumulatedLosses 2023-04-30 13321557 core:ShareCapital 2023-04-30 13321557 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13321557 core:Non-currentFinancialInstruments 2023-04-30 13321557 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13321557 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13321557

MSD Property Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

MSD Property Services Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

MSD Property Services Ltd

(Registration number: 13321557)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

470,193

199,158

Current assets

 

Cash at bank and in hand

 

26,717

20,348

Creditors: Amounts falling due within one year

5

(660)

(925)

Net current assets

 

26,057

19,423

Total assets less current liabilities

 

496,250

218,581

Creditors: Amounts falling due after more than one year

5

(497,539)

(217,350)

Net (liabilities)/assets

 

(1,289)

1,231

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(1,389)

1,131

Shareholders' (deficit)/funds

 

(1,289)

1,231

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2025 and signed on its behalf by:
 

 

MSD Property Services Ltd

(Registration number: 13321557)
Balance Sheet as at 30 April 2024

.........................................
Mr M Drejski
Director

.........................................
Mr S P Drejski
Director

 

MSD Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50 Brighton Avenue
Gosport
Hampshire
PO12 4BX

These financial statements were authorised for issue by the Board on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have agreed to not withdraw their loan facility, should it render the company unable to pay its liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. The company is not registered for VAT.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MSD Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Held at market value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

MSD Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

199,158

199,158

Additions

271,035

271,035

At 30 April 2024

470,193

470,193

Depreciation

Carrying amount

At 30 April 2024

470,193

470,193

At 30 April 2023

199,158

199,158

Included within the net book value of land and buildings above is £470,193 (2023 - £199,158) in respect of freehold land and buildings.
 

 

MSD Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

265

Accruals and deferred income

660

660

660

925

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

497,539

217,350

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

306,340

132,245

Other borrowings

191,199

85,105

497,539

217,350