1 July 2023 false No description of principal activity Taxfiler 2024.6 07663422business:PrivateLimitedCompanyLtd2023-07-012024-06-30 076634222023-06-30 076634222023-07-012024-06-30 07663422business:AuditExemptWithAccountantsReport2023-07-012024-06-30 07663422business:FilletedAccounts2023-07-012024-06-30 076634222024-06-30 07663422business:Director12023-07-012024-06-30 07663422business:Director22023-07-012024-06-30 07663422business:RegisteredOffice2023-07-012024-06-30 076634222023-06-30 07663422core:WithinOneYear2024-06-30 07663422core:WithinOneYear2023-06-30 07663422core:AfterOneYear2024-06-30 07663422core:AfterOneYear2023-06-30 07663422core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 07663422core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07663422core:RevaluationReservecore:PreviouslyStatedAmount2024-06-30 07663422core:RevaluationReservecore:PreviouslyStatedAmount2023-06-30 07663422core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 07663422core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07663422core:PreviouslyStatedAmount2024-06-30 07663422core:PreviouslyStatedAmount2023-06-30 07663422business:SmallEntities2023-07-012024-06-30 07663422countries:EnglandWales2023-07-012024-06-30 07663422core:LandBuildings2023-06-30 07663422core:LandBuildings2023-07-012024-06-30 07663422core:LandBuildings2024-06-30 076634222022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 07663422 (England and Wales)
MSKY PROPERTY LTD Unaudited accounts for the year ended 30 June 2024
MSKY PROPERTY LTD Unaudited accounts Contents
Page
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MSKY PROPERTY LTD Company Information for the year ended 30 June 2024
Directors
Sheetla Aheer Manjinder Aheer
Company Number
07663422 (England and Wales)
Registered Office
HYDE HOUSE CLARENDON FIELDS CHANDLERS CROSS RICKMANSWORTH WD3 4LH ENGLAND
Accountants
Asmat & Co 84 High Street Slough Berkshire SL1 1EL
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MSKY PROPERTY LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,220,000 
1,206,000 
Current assets
Cash at bank and in hand
69,643 
24,583 
Creditors: amounts falling due within one year
(37,942)
(19,151)
Net current assets
31,701 
5,432 
Total assets less current liabilities
1,251,701 
1,211,432 
Creditors: amounts falling due after more than one year
(895,752)
(899,679)
Provisions for liabilities
Deferred tax
(47,439)
(44,779)
Net assets
308,510 
266,974 
Capital and reserves
Called up share capital
12 
12 
Revaluation reserve
239,676 
239,676 
Profit and loss account
68,822 
27,286 
Shareholders' funds
308,510 
266,974 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
Sheetla Aheer Director Company Registration No. 07663422
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MSKY PROPERTY LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MSKY PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 07663422. The registered office is HYDE HOUSE CLARENDON FIELDS, CHANDLERS CROSS, RICKMANSWORTH, WD3 4LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 July 2023
1,206,000 
Revaluations
14,000 
At 30 June 2024
1,220,000 
Depreciation
At 30 June 2024
- 
Net book value
At 30 June 2024
1,220,000 
At 30 June 2023
1,206,000 
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MSKY PROPERTY LTD Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,339 
11,897 
Trade creditors
17,920 
4,415 
Taxes and social security
7,083 
2,239 
Accruals
600 
600 
37,942 
19,151 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
365,425 
378,208 
Other creditors
530,327 
521,471 
895,752 
899,679 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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