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Registered number: 13737353
Messer Group Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Hilary Adams Ltd
158 High Street
Herne Bay
Kent
CT6 5NP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13737353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,040,537 1,020,537
1,040,537 1,020,537
CURRENT ASSETS
Cash at bank and in hand 871 5,455
871 5,455
Creditors: Amounts Falling Due Within One Year 6 (296,456 ) (353,512 )
NET CURRENT ASSETS (LIABILITIES) (295,585 ) (348,057 )
TOTAL ASSETS LESS CURRENT LIABILITIES 744,952 672,480
Creditors: Amounts Falling Due After More Than One Year 7 (629,434 ) (630,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,000 ) -
NET ASSETS 110,518 42,112
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 15,000 -
Income Statement 95,516 42,110
SHAREHOLDERS' FUNDS 110,518 42,112
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Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Stuart Messer
Director
Samantha Messer
Director
14 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Messer Group Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13737353 . The registered office is Southfield, Barnfield Road, Charing Heath, Ashford, Kent, TN27 0BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.4. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2023 1,020,537
Revaluation 20,000
As at 30 November 2024 1,040,537
Net Book Value
As at 30 November 2024 1,040,537
As at 1 December 2023 1,020,537
Cost or valuation as at 30 November 2024 represented by:
Investment Properties
£
At cost 60,537
At valuation 980,000
1,040,537
If the investment property had not been revalued, it would have been included at historical cost of £960,000 (2023: £960,000).
The investment property was valued on an open market basis on 30 November 2024 by Stuart Messer, a director.
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5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 18,000 34,313
Corporation tax 16,704 11,663
VAT 5,991 5,776
Inter-company loan 255,000 301,000
Accruals and deferred income 500 499
Directors' loan accounts 261 261
296,456 353,512
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 629,434 630,368
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 15,000
As at 30 November 2024 15,000
10. Related Party Transactions
Included in creditors is an amount outstanding to M & H Testing Limited, a company controlled by the directors. M & H Testing Limited advanced £nil (2023: £56,000) to the company in the year. The amount outstanding at the year-end was £255,000 (2023: £301,000).
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