MURRAY’S EXCHANGE PROPERTIES LIMITED

Company Registration Number:
NI698957 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 06 July 2023

End date: 31 July 2024

MURRAY’S EXCHANGE PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

MURRAY’S EXCHANGE PROPERTIES LIMITED

Balance sheet

As at 31 July 2024


Notes

13 months to 31 July 2024


£
Called up share capital not paid: 1
Current assets
Stocks: 12,367,851
Debtors: 3 15,001
Cash at bank and in hand: 340,991
Total current assets: 12,723,843
Creditors: amounts falling due within one year: 4 (171,767)
Net current assets (liabilities): 12,552,076
Total assets less current liabilities: 12,552,077
Creditors: amounts falling due after more than one year: 5 (12,574,851)
Total net assets (liabilities): (22,774)
Capital and reserves
Called up share capital: 1
Profit and loss account: (22,775)
Shareholders funds: (22,774)

The notes form part of these financial statements

MURRAY’S EXCHANGE PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2025
and signed on behalf of the board by:

Name: Simon English
Status: Director

The notes form part of these financial statements

MURRAY’S EXCHANGE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MURRAY’S EXCHANGE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

13 months to 31 July 2024
Average number of employees during the period 0

MURRAY’S EXCHANGE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

13 months to 31 July 2024
£
Debtors due after more than one year: 15,001

MURRAY’S EXCHANGE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

MURRAY’S EXCHANGE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due after more than one year note

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.