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Company Registration No. 10755790 (England and Wales)
MOST CAPABLE LTD Unaudited accounts for the year ended 31 May 2024
MOST CAPABLE LTD Unaudited accounts Contents
Page
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MOST CAPABLE LTD Company Information for the year ended 31 May 2024
Directors
D Tshulak K Tshulak
Company Number
10755790 (England and Wales)
Registered Office
FLAT 5, HIGHCROFT NORTH HILL LONDON N6 4RD
Accountants
Rhian Davies FCA RM Accountants 7 Yr Hen Farchnad Llandeilo SA19 6BJ
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MOST CAPABLE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
477,000 
477,000 
Current assets
Cash at bank and in hand
8,060 
3,202 
Creditors: amounts falling due within one year
(114,445)
(113,948)
Net current liabilities
(106,385)
(110,746)
Total assets less current liabilities
370,615 
366,254 
Creditors: amounts falling due after more than one year
(306,663)
(306,663)
Net assets
63,952 
59,591 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
74,459 
74,459 
Profit and loss account
(10,509)
(14,870)
Shareholders' funds
63,952 
59,591 
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 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 24 February 2025 and were signed on its behalf by
D Tshulak Director Company Registration No. 10755790
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MOST CAPABLE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MOST CAPABLE LTD is a private company, limited by shares, registered in England and Wales, registration number 10755790. The registered office is FLAT 5, HIGHCROFT, NORTH HILL, LONDON, N6 4RD.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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. The company has decided to change its depreciation policy on Land and Buildings - it will no longer depreciate Land and Buildings and will instead use the revaluation model. The property's value will be re assessed annually. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
3 years Straight Line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
477,000 
1,973 
478,973 
At 31 May 2024
477,000 
1,973 
478,973 
Depreciation
At 1 June 2023
- 
1,973 
1,973 
At 31 May 2024
- 
1,973 
1,973 
Net book value
At 31 May 2024
477,000 
- 
477,000 
At 31 May 2023
477,000 
- 
477,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
114,445 
113,948 
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MOST CAPABLE LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
306,663 
306,663 
7
Transactions with related parties
Included in Other Creditors is a loan of £14,800 (2023: £14,800) from a company in which the director, D. Tshulak, owned 100% of the share capital. The company transferred the debt to D. Tshulak as part of its winding up arrangement.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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