MICROSYSTEMS PROPERTIES LIMITED

Company Registration Number:
09682821 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

MICROSYSTEMS PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

MICROSYSTEMS PROPERTIES LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 5,428,000 4,240,000
Total fixed assets: 5,428,000 4,240,000
Current assets
Debtors: 4 126,233 106,389
Cash at bank and in hand: 43,338 31,687
Total current assets: 169,571 138,076
Creditors: amounts falling due within one year: 5 (95,000) (125,000)
Net current assets (liabilities): 74,571 13,076
Total assets less current liabilities: 5,502,571 4,253,076
Creditors: amounts falling due after more than one year: 6 (1,690,750) (1,721,818)
Total net assets (liabilities): 3,811,821 2,531,258
Capital and reserves
Called up share capital: 1,582,000 1,582,000
Other reserves: 2,298,624 1,110,684
Profit and loss account: (68,803) (161,426)
Shareholders funds: 3,811,821 2,531,258

The notes form part of these financial statements

MICROSYSTEMS 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 31 March 2025
and signed on behalf of the board by:

Name: John Emore
Status: Director

The notes form part of these financial statements

MICROSYSTEMS 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

Turnover policy

Turnover represents the income receivable from rent

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost of an asset less its estimated residual value, over the useful economic life of that asset

Other accounting policies

The land and property reserve represents costs of assets acquired with grant funding, adjusted for revaluation to achieve market value. The reserve will be released to the profit and loss account in the event of any of the assets being sold.

MICROSYSTEMS PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

MICROSYSTEMS PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 4,240,000
Additions 1,188,000
At 31 July 2024 5,428,000
Net book value
At 31 July 2024 5,428,000
At 31 July 2023 4,240,000

MICROSYSTEMS PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 126,233 106,389

MICROSYSTEMS PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

TRADE CREDITORS 95,000

MICROSYSTEMS PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

Bank Mortgages 1690750 Bounce Back Loan 22073