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Registration number: 08370405

Mosnul Real Estate Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

Mosnul Real Estate Ltd

Company Information

Directors

Mr Muhammed Mosnul Haque

Saleha Haque

Company secretary

Mr Muhammed Mosnul Haque

Registered office

Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

Accountants

Perrigo Consultants Limited
Chartered Certified AccountantsAnglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Mosnul Real Estate Ltd

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the abridged financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Muhammed Mosnul Haque - Company secretary and director

Saleha Haque

Principal activity

The principal activity of the company is development of building projects

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 


Mr Muhammed Mosnul Haque
Company secretary and director

 

Mosnul Real Estate Ltd

(Registration number: 08370405)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,444,437

1,459,568

Current assets

 

Cash at bank and in hand

 

19,938

10,735

Creditors: Amounts falling due within one year

(438,065)

(456,890)

Net current liabilities

 

(418,127)

(446,155)

Total assets less current liabilities

 

1,026,310

1,013,413

Creditors: Amounts falling due after more than one year

(745,632)

(759,464)

Provisions for liabilities

(33,162)

(33,500)

Accruals and deferred income

 

(24,688)

(17,930)

Net assets

 

222,828

202,519

Capital and reserves

 

Called up share capital

7

3

3

Retained earnings

222,825

202,516

Shareholders' funds

 

222,828

202,519

 

Mosnul Real Estate Ltd

(Registration number: 08370405)
Abridged Balance Sheet as at 30 June 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 


Mr Muhammed Mosnul Haque
Company secretary and director

 

Mosnul Real Estate Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the Board on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mosnul Real Estate Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

1% at cost

Fixtures & Fittings

20% Reducung balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

15,132

15,203

 

Mosnul Real Estate Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

1,484,765

7,020

1,491,785

At 30 June 2024

1,484,765

7,020

1,491,785

Depreciation

At 1 July 2023

26,618

5,599

32,217

Charge for the year

14,847

284

15,131

At 30 June 2024

41,465

5,883

47,348

Carrying amount

At 30 June 2024

1,443,300

1,137

1,444,437

At 30 June 2023

1,458,147

1,421

1,459,568

Included within the net book value of land and buildings above is £1,443,299 (2023 - £1,458,147) in respect of freehold land and buildings.
 

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Shares of £1 each

3

3

3

3