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Registration number: 04296752

37 MS Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

37 MS Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

37 MS Properties Limited

Company Information

Directors

Mr N L S Wilson

Mrs A Dewan

Mr A Pittard

Registered office

37 Montagu Square
London
W1H 2LL

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

37 MS Properties Limited

(Registration number: 04296752)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

439

439

Current assets

 

Debtors

5

5,574

8,816

Cash at bank and in hand

 

12,911

11,208

 

18,485

20,024

Creditors: Amounts falling due within one year

6

(1,667)

(1,631)

Net current assets

 

16,818

18,393

Net assets

 

17,257

18,832

Capital and reserves

 

Called up share capital

7

3,000

3,000

Retained earnings

14,257

15,832

Shareholders' funds

 

17,257

18,832

For the financial year ending 31 December 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................

 

37 MS Properties Limited

(Registration number: 04296752)
Balance Sheet as at 31 December 2024 (continued)

.........................................
Mr N L S Wilson
Director

 

37 MS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
37 Montagu Square
London
W1H 2LL

These financial statements were authorised for issue by the Board on 25 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 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 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 represents the services charges issued to residents excluding discounts, rebates and value added tax.

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 has not been charged on this asset class.

 

37 MS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Long leasehold land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

439

439

At 31 December 2024

439

439

Depreciation

Carrying amount

At 31 December 2024

439

439

At 31 December 2023

439

439

Included within the net book value of land and buildings above is £439 (2023 - £439) in respect of long leasehold land and buildings.
 

 

37 MS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,425

8,685

Prepayments

149

131

 

5,574

8,816

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

329

359

Accruals and deferred income

1,338

1,272

1,667

1,631

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

3,000

3,000

3,000

3,000