Registered number
13504663
MSB Property Management Ltd
Filleted Accounts
31 July 2024
MSB Property Management Ltd
Registered number: 13504663
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 653,366 653,366
Current assets
Debtors 4 - 1,000
Cash at bank and in hand 1,014 2,234
1,014 3,234
Creditors: amounts falling due within one year 5 (226,038) (234,771)
Net current liabilities (225,024) (231,537)
Total assets less current liabilities 428,342 421,829
Creditors: amounts falling due after more than one year 6 (456,055) (452,028)
Net liabilities (27,713) (30,199)
Capital and reserves
Called up share capital 1 1
Profit and loss account (27,714) (30,200)
Shareholder's funds (27,713) (30,199)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew Barnes
Director
Approved by the board on 25 February 2025
MSB Property Management Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
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 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investment
Property
£
Cost
At 1 August 2023 653,366
At 31 July 2024 653,366
4 Debtors 2024 2023
£ £
Other debtors - 1,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,650 9,650
Other creditors 216,388 225,121
226,038 234,771
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 456,055 452,028
7 Other information
MSB Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Merseyside
CH44 4BT
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