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REGISTERED NUMBER: 11342031 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MUNRO BUSINESS PARK LIMITED

MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUNRO BUSINESS PARK LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Mr I R Munro
Mrs J E Munro





REGISTERED OFFICE: 3 & 4 Pegasus House
Pegasus Court, Olympus Avenue
Warwick
CV34 6LW





REGISTERED NUMBER: 11342031 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,155,999 1,111,697

CURRENT ASSETS
Stocks 326,617 653,234
Debtors 5 7,225 4,505
Cash at bank 13,309 2,234
347,151 659,973
CREDITORS
Amounts falling due within one year 6 441,923 774,236
NET CURRENT LIABILITIES (94,772 ) (114,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,227

997,434

CREDITORS
Amounts falling due after more than one
year

7

(264,545

)

(287,055

)

PROVISIONS FOR LIABILITIES (108,057 ) (108,016 )
NET ASSETS 688,625 602,363

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 459,114 459,114
Retained earnings 229,411 143,149
SHAREHOLDERS' FUNDS 688,625 602,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





Mrs J E Munro - Director


MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Munro Business Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Improvements to property - 10% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 1,110,000 2,425 358 1,112,783
Additions 44,544 - - 44,544
At 30 June 2024 1,154,544 2,425 358 1,157,327
DEPRECIATION
At 1 July 2023 - 728 358 1,086
Charge for year - 242 - 242
At 30 June 2024 - 970 358 1,328
NET BOOK VALUE
At 30 June 2024 1,154,544 1,455 - 1,155,999
At 30 June 2023 1,110,000 1,697 - 1,111,697

Cost or valuation at 30 June 2024 is represented by:

Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
Valuation in 2021 750,000 - - 750,000
Valuation in 2023 (183,193 ) - - (183,193 )
Cost 587,737 2,425 358 590,520
1,154,544 2,425 358 1,157,327

If Freehold Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 587,737 543,193

Freehold Property was valued on an open market basis on 30 September 2022 by David Penn BA(Econ) BSc (Est Man) FRICS .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,140 2,597
Other debtors 2,085 1,908
7,225 4,505

MUNRO BUSINESS PARK LIMITED (REGISTERED NUMBER: 11342031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,510 22,510
Trade creditors 272 1,110
Amounts owed to associates 385,000 690,000
Taxation and social security 33,166 13,905
Other creditors 975 46,711
441,923 774,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 264,545 287,055

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 174,505 197,015

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 287,055 309,565

The bank loan is secured by a fixed and a floating charge (floating charge covers all the property or undertaking of the company).

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 459,114

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.