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
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
MSKY PROPERTY LTD
Statement of financial position
as at 30 June 2024
Tangible assets
1,220,000
1,206,000
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
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
MSKY PROPERTY LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
365,425
378,208
Other creditors
530,327
521,471
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).