IRIS Accounts Production v24.3.2.46 05086135 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050861352023-06-30050861352024-06-30050861352023-07-012024-06-30050861352022-06-30050861352022-07-012023-06-30050861352023-06-3005086135ns15:EnglandWales2023-07-012024-06-3005086135ns14:PoundSterling2023-07-012024-06-3005086135ns10:Director12023-07-012024-06-3005086135ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005086135ns10:SmallEntities2023-07-012024-06-3005086135ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005086135ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005086135ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005086135ns10:FullAccounts2023-07-012024-06-3005086135ns10:Director22023-07-012024-06-3005086135ns10:Director32023-07-012024-06-3005086135ns10:CompanySecretary12023-07-012024-06-3005086135ns10:RegisteredOffice2023-07-012024-06-3005086135ns5:CurrentFinancialInstruments2024-06-3005086135ns5:CurrentFinancialInstruments2023-06-3005086135ns5:ShareCapital2024-06-3005086135ns5:ShareCapital2023-06-3005086135ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3005086135ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3005086135ns5:RetainedEarningsAccumulatedLosses2024-06-3005086135ns5:RetainedEarningsAccumulatedLosses2023-06-3005086135ns5:PlantMachinery2023-07-012024-06-3005086135ns5:PlantMachinery2023-06-3005086135ns5:PlantMachinery2024-06-3005086135ns5:PlantMachinery2023-06-3005086135ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005086135ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 05086135 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MSV Limited

MSV Limited (Registered number: 05086135)

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


MSV Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr A N Mellor
Dr B P Chinn
Ms I Schiavi





SECRETARY: Mr A N Mellor





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 05086135 (England and Wales)

MSV Limited (Registered number: 05086135)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 106,564 124,585
Investment property 6 1,036,761 1,029,980
1,143,325 1,154,565

CURRENT ASSETS
Debtors 7 86,059 120,498
Cash at bank 213,947 193,461
300,006 313,959
CREDITORS
Amounts falling due within one year 8 16,444 14,134
NET CURRENT ASSETS 283,562 299,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,426,887

1,454,390

PROVISIONS FOR LIABILITIES 16,345 19,608
NET ASSETS 1,410,542 1,434,782

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings
- non-distributable 68,933 68,850
Retained earnings 1,341,607 1,365,930
SHAREHOLDERS' FUNDS 1,410,542 1,434,782

MSV Limited (Registered number: 05086135)

Balance Sheet - continued
30 June 2024


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.

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 27 March 2025 and were signed on its behalf by:





Mr A N Mellor - Director


MSV Limited (Registered number: 05086135)

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


1. STATUTORY INFORMATION

MSV 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


MSV Limited (Registered number: 05086135)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 195,769
Additions 21,804
Disposals (24,200 )
At 30 June 2024 193,373
DEPRECIATION
At 1 July 2023 71,184
Charge for year 35,518
Eliminated on disposal (19,893 )
At 30 June 2024 86,809
NET BOOK VALUE
At 30 June 2024 106,564
At 30 June 2023 124,585

MSV Limited (Registered number: 05086135)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,029,980
Additions 6,679
Revaluations 102
At 30 June 2024 1,036,761
NET BOOK VALUE
At 30 June 2024 1,036,761
At 30 June 2023 1,029,980

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2014 10,000
Valuation in 2017 65,000
Valuation in 2023 10,000
Valuation in 2024 102
Cost 951,659
1,036,761

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 951,659 944,980

The investment properties were valued on an open market basis on 30 June 2024 by one of the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,020 70,062
Other debtors 45,039 50,436
86,059 120,498

Included within other debtors disclosed above is a balance of £44,193 (2023 - £48,188) in relation to accrued income, a balance of £250 (2023 - £250) in relation to rental deposits paid and a balance of £596 (2023 - £1,998) in relation to VAT.

MSV Limited (Registered number: 05086135)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,744 5,834
Other creditors 9,700 8,300
16,444 14,134

9. RELATED PARTY DISCLOSURES

Rent paid to Mr A N Mellor and Ms I Schiavi for office space and accommodation in Paris during the year was £38,907 (2023 - £12,935).