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MSL Property Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
SS9 1JL
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 May 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13/02/2025
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
SS9 1JL
Page 1
Page 2
Balance Sheet
Registered number: 14907160
2024
Notes £ £
CURRENT ASSETS
Debtors 4 49,709
Cash at bank and in hand 5,840
55,549
Creditors: Amounts Falling Due Within One Year 5 (61,419 )
NET CURRENT ASSETS (LIABILITIES) (5,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,870 )
NET LIABILITIES (5,870 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (5,970 )
SHAREHOLDERS' FUNDS (5,870)
Page 2
Page 3
For the year ending 31 May 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 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
M D Longman
Director
S E Langley
Director
13/02/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
MSL Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14907160 . The registered office is Charter House, 103 - 105 Leigh Road, Leigh On Sea, Essex, SS9 1JL.
2. Accounting Policies
2.1. 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.
The accounts have been drawn up on the going concern basis. Of the company's liabilities, £59,971 is owed to the directors. The directors has agreed not to seek repayment of these debts until the company has sufficient funds to trade for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets.
2.2. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Debtors
2024
£
Due within one year
Other debtors 4,300
Due after more than one year
Other debtors 45,409
49,709
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2024
£
Accruals and deferred income 904
Directors' loan accounts 60,515
61,419
6. Share Capital
2024
£
Allotted, Called up and fully paid 100
7. Ultimate Controlling Party
The company is controlled by the directors.
Page 5