14352595 2023-10-01 2024-09-30 14352595 uk-bus:Director1 2023-10-01 2024-09-30 14352595 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14352595 uk-bus:SmallEntities 2023-10-01 2024-09-30 14352595 uk-bus:FullAccounts 2023-10-01 2024-09-30 14352595 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14352595 2023-10-01 14352595 2024-09-30 14352595 2022-10-01 2023-09-30 14352595 2023-09-30 xbrli:pure iso4217:GBP 14352595 2022-10-01 2023-09-30
Company Registration Number : 14352595 (England and Wales)
14352595
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-09-30
false
MSO ESTATES LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-10-01
MSO ESTATES LTD
Unaudited financial statements and annual report
For the year ended 30 September 2024
MSO ESTATES LTD
Contents
For the year ended 30 September 2024

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10


MSO ESTATES LTD
Company Information
For the year ended 30 September 2024

Company registration number 14352595 (England and Wales)
Director Morayo OJEDOKUN
Registered office address Petronne House
Dagenham
RM10 9UR
Accountant Macturner Accounting Ltd
Petronne House
31 Church Street
RM10 9UR












Accountant

Macturner Accounting Ltd

Petronne House
31 Church Street
RM10 9UR
MSO ESTATES LTD
Director's Report
For the year ended 30 September 2024

The director presents his/her report and the Unaudited Financial Statements for the year ended 30 September 2024.
Principal activity
The principal activity of the company continued to be that of letting of own property.
Director of the company
The following directors held office during the whole of the period:
Morayo OJEDOKUN
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Morayo OJEDOKUN (Director)
Date: 31 January 2025
This report was approved by the board on 2025-01-31 Date: 31 January 2025
MSO ESTATES LTD
Accountant's report
For the year ended 30 September 2024

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of MSO ESTATES LTD for the year ended 30 September 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MSO ESTATES LTD for the period ended 30 September 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Macturner Accounting Ltd

Petronne House
31 Church Street

RM10 9UR
2025-01-31 Date: 31 January 2025
5
MSO ESTATES LTD
Income Statement
For the year ended 30 September 2024

2024 2023
Notes £ £
Turnover 5 48,784 9,675
Cost of sales (8,351) (2,097)
Gross profit 40,433 7,578
Selling and distribution expenses (48) -
Administrative expenses (17,524) (6,360)
Operating profit 6 22,861 1,218
Interest receivable and similar income - -
Interest payable and similar charges 8 (22,555) (5,366)
Profit on ordinary activities before taxation 306 (4,148)
Profit for the year 306 (4,148)
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2024 2023
£ £
MSO ESTATES LTD
Statement of Financial Position
For the year ended 30 September 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 9 618,941 420,433
618,941 420,433
Current assets
Cash and cash equivalents 10 1,336 1,095
1,336 1,095
Current liabilities
Creditors: Amounts falling due within one year 11 (50,216) (3,772)
(50,216) (3,772)
Net current (liabilities)/assets (48,879) (2,678)
Total assets less current liabilities 570,061 417,755
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (473,904) (321,904)
Net assets/(liabilities) 96,158 95,852
Capital and reserves
Called up share capital 13 100,000 100,000
Retained earnings (3,842) (4,148)
Shareholders' funds 96,158 95,852
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 30 September 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 in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 31 January 2025
.............................
Morayo OJEDOKUN (Director)
Company registration number: 14352595
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-09-30 30 September 2024
2024 2023
£ £
Fixed Assets 618,941 420,433
Current Assets 1,336 1,095
Creditors: amounts falling due within one year (50,216) (3,772)
Net current assets (liabilities) (48,879) (2,678)
Total assets less current liabilities 570,061 417,755
CREDITORS: Amounts falling due more than one year (473,904) (321,904)
Net Assets (liabilities) 96,158 95,852
Capital and Reserves 96,158 95,852
For the year ending 30/09/2024 the company was entitled to exemption 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. For the year ending 30-09-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 31 January 2025 2025-01-31 and signed on behalf of the board,
.............................
Morayo OJEDOKUN
Director
Company registration number: 14352595
MSO ESTATES LTD
Notes to the Financial Statements
For the year ended 30 September 2024

(1) General Information
MSO ESTATES LTD is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
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. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2024 2023
£ £
Sales 48,784 9,675
48,784 9,675

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2024 2023
£ £
Director's remuneration 8,000 -
8,000 -

(7) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2024 2023
£ £
Wages and salaries 8,000 -
8,000 -

(8) Interest payable and similar charges
2024 2023
£ £
Interest on bank loans and overdrafts 22,555 5,366
22,555 5,366

(9) Tangible fixed assets
Land and Buildings
£
Cost
As at 01 October 2023420,433
Additions198,508
As at 30 September 2024618,941
Depreciation
As at 30 September 2024-
Net book value
As at 30 September 2024618,941
As at 30 September 2023420,433

(10) Cash and cash equivalents
2024 2023
£ £
Bank balance 1,336 1,095
1,336 1,095

(11) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 135 -
Other creditors 50,081 3,772
50,216 3,772

(12) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 473,904 321,904
473,904 321,904

(13) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100,000 (2023 : 100,000) Ordinary Shares of £ 1 each100,000100,000
100,000 100,000
Ordinary shares hold equal voting rights.
Retained earnings 2024
£
At 1 October 2023 (4,148)
Profit of the year 306
At 30 September 2024 (3,842)