Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01falseThe principal activity of the company continued to be that of property rental.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02265111 2023-08-01 2024-07-31 02265111 2022-08-01 2023-07-31 02265111 2024-07-31 02265111 2023-07-31 02265111 1 2023-08-01 2024-07-31 02265111 d:Director1 2023-08-01 2024-07-31 02265111 c:Buildings 2024-07-31 02265111 c:Buildings 2023-07-31 02265111 c:Buildings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02265111 c:MotorVehicles 2023-08-01 2024-07-31 02265111 c:MotorVehicles 2024-07-31 02265111 c:MotorVehicles 2023-07-31 02265111 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02265111 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02265111 c:CurrentFinancialInstruments 2024-07-31 02265111 c:CurrentFinancialInstruments 2023-07-31 02265111 c:Non-currentFinancialInstruments 2024-07-31 02265111 c:Non-currentFinancialInstruments 2023-07-31 02265111 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 02265111 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 02265111 c:Non-currentFinancialInstruments c:AfterOneYear 2024-07-31 02265111 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-31 02265111 c:ShareCapital 2024-07-31 02265111 c:ShareCapital 2023-07-31 02265111 c:RetainedEarningsAccumulatedLosses 2024-07-31 02265111 c:RetainedEarningsAccumulatedLosses 2023-07-31 02265111 d:FRS102 2023-08-01 2024-07-31 02265111 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02265111 d:FullAccounts 2023-08-01 2024-07-31 02265111 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02265111 2 2023-08-01 2024-07-31 02265111 4 2023-08-01 2024-07-31 02265111 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure



Company Registration No. 02265111 (England and Wales)







MURPHY & SONS (LONDON) LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
MURPHY & SONS (LONDON) LIMITED
REGISTERED NUMBER:02265111

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,783,199
1,783,445

  
1,783,199
1,783,445

Current assets
  

Debtors
 5 
108,210
402,856

Cash at bank and in hand
  
667,826
604,575

  
776,036
1,007,431

Creditors: amounts falling due within one year
 6 
(65,962)
(284,704)

Net current assets
  
 
 
710,074
 
 
722,727

Total assets less current liabilities
  
2,493,273
2,506,172

Creditors: amounts falling due after more than one year
 7 
(200,000)
(200,000)

  

Net assets
  
2,293,273
2,306,172


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,293,173
2,306,072

  
2,293,273
2,306,172


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.



Page 1

 
MURPHY & SONS (LONDON) LIMITED
REGISTERED NUMBER:02265111
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024


___________________________
Christine Murphy
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MURPHY & SONS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Murphy & Sons (London) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
MURPHY & SONS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
12,600
12,580

Social security costs
484
492

13,084
13,072


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
MURPHY & SONS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 August 2023
1,782,460
30,000
1,812,460



At 31 July 2024

1,782,460
30,000
1,812,460



Depreciation


At 1 August 2023
-
29,015
29,015


Charge for the year on owned assets
-
246
246



At 31 July 2024

-
29,261
29,261



Net book value



At 31 July 2024
1,782,460
739
1,783,199



At 31 July 2023
1,782,460
985
1,783,445


5.


Debtors

2024
2023
£
£


Trade debtors
108,210
108,210

Other debtors
-
294,646

108,210
402,856



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
26,087
46,787

Other taxation and social security
23,215
23,965

Directors loan account
10,660
213,952

Accruals
6,000
-

65,962
284,704


Page 5

 
MURPHY & SONS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Directors loan account
200,000
200,000



8.


Reserves

2024
2023
£
£



Brought forward
2,920,080
2,900,298

Profit for the year
(12,899)
69,782

Dividends declared
-
(50,000)

Revaluation reserve
(614,008)
(614,008)

2,293,173
2,306,072


9.


Post balance sheet events

There were no events after the year end which materially affected the company.


10.


Controlling party

Christine Murphy owns 100% of the issued share capital of the company and as such is the ultimate
controlling party.

 
Page 6