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REGISTERED NUMBER: 12038739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MS COUNTRYWIDE PROPERTIES LIMITED

MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)






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


MS COUNTRYWIDE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M A McKinney
S C Lewis





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 12038739 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,125,364 3,125,364

CURRENT ASSETS
Debtors 5 800 (2,000 )
Cash at bank 7,779 11,058
8,579 9,058
CREDITORS
Amounts falling due within one year 6 1,509,477 1,302,618
NET CURRENT LIABILITIES (1,500,898 ) (1,293,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,624,466

1,831,804

CREDITORS
Amounts falling due after more than one
year

7

1,867,833

1,929,410
NET LIABILITIES (243,367 ) (97,606 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (243,467 ) (97,706 )
(243,367 ) (97,606 )

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.

MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)

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 28 March 2025 and were signed on its behalf by:





M A McKinney - Director


MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

MS Countrywide Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Land and buildings - Not required to be depreciated

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 2 (2023 - 2 ) .

MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 30 June 2024 3,125,364
NET BOOK VALUE
At 30 June 2024 3,125,364
At 30 June 2023 3,125,364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 750 (2,050 )
Other debtors 50 50
800 (2,000 )

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 97,306 133,036
Trade creditors 67,408 74,674
Taxation and social security 2,736 5,199
Other creditors 1,342,027 1,089,709
1,509,477 1,302,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 1,867,833 1,929,410

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,867,833 1,929,410

MS COUNTRYWIDE PROPERTIES LIMITED (REGISTERED NUMBER: 12038739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 97,306 133,036
Other loans 1,012,206 825,073
1,109,512 958,109

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,867,833 1,929,410

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,965,139 2,062,446

Legal charge relating to the Mill Snitterfield Road, Bearly, Stratford-Upon-Avon, CV37 0SA. This contains a fixed and floating charge.

10. RESERVES
Retained
earnings
£   

At 1 July 2023 (97,706 )
Deficit for the year (145,761 )
At 30 June 2024 (243,467 )