BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be management of property. 17 April 2025 NI043000 2024-03-31 NI043000 2023-03-31 NI043000 2022-03-31 NI043000 2023-04-01 2024-03-31 NI043000 2022-04-01 2023-03-31 NI043000 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI043000 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI043000 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI043000 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI043000 uk-bus:Director1 2023-04-01 2024-03-31 NI043000 uk-bus:CompanySecretary1 2023-04-01 2024-03-31 NI043000 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI043000 uk-bus:Agent1 2023-04-01 2024-03-31 NI043000 uk-core:ShareCapital 2024-03-31 NI043000 uk-core:ShareCapital 2023-03-31 NI043000 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI043000 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI043000 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI043000 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI043000 uk-bus:FRS102 2023-04-01 2024-03-31 NI043000 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI043000 uk-core:CurrentFinancialInstruments 2024-03-31 NI043000 uk-core:CurrentFinancialInstruments 2023-03-31 NI043000 uk-core:CurrentFinancialInstruments 2024-03-31 NI043000 uk-core:CurrentFinancialInstruments 2023-03-31 NI043000 uk-core:WithinOneYear 2024-03-31 NI043000 uk-core:WithinOneYear 2023-03-31 NI043000 2023-04-01 2024-03-31 NI043000 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI043000
 
 
Murdock Property Services Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2024
Murdock Property Services Limited
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Noel Murdock
 
 
Company Secretary
 
 
Company Registration Number NI043000
 
 
Registered Office 16 Mount Charles
Belfast
BT7 1NZ
 
 
Business Address 5C Monaghan Street
Newry
BT35  6BB
 
 
Accountants Muldoon & Co
Chartered Accountants & Reporting Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers First Trust
  1 The Square
  Warrenpoint
  Co Down
  BT34 3LY



Murdock Property Services Limited
DIRECTOR'S REPORT
for the financial year ended 31 March 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 31 March 2024.
 
Principal Activity
The principal activity of the company continued to be management of property.
     
Director
The director who served during the financial year is as follows:
     
Mr. Noel Murdock
   
There were no changes in shareholdings between 31 March 2024 and the date of signing the financial statements.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr. Noel Murdock
Director
     
17 April 2025



Murdock Property Services Limited
Company Registration Number: NI043000
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 34 886
───────── ─────────
 
Current Assets
Debtors 5 628,254 520,762
Cash and cash equivalents 99,809 82,234
───────── ─────────
728,063 602,996
───────── ─────────
Creditors: amounts falling due within one year 6 (315,463) (256,989)
───────── ─────────
Net Current Assets 412,600 346,007
───────── ─────────
Total Assets less Current Liabilities 412,634 346,893
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 412,632 346,891
───────── ─────────
Equity attributable to owners of the company 412,634 346,893
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 17 April 2025
           
           
           
________________________________          
Mr. Noel Murdock          
Director          
           



Murdock Property Services Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Murdock Property Services Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 16 Mount Charles, Belfast, BT7 1NZ, 5C Monaghan Street, Newry, BT35 6BB is the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors during the financial year was 9 (2023 - 1).
 
  2024 2023
  Number Number
 
Directors 1 1
Employees 8 -
  ───────── ─────────
  9 1
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2023 11,532 11,532
  ───────── ─────────
 
At 31 March 2024 11,532 11,532
  ───────── ─────────
Depreciation
At 1 April 2023 10,646 10,646
Charge for the financial year 852 852
  ───────── ─────────
At 31 March 2024 11,498 11,498
  ───────── ─────────
Net book value
At 31 March 2024 34 34
  ═════════ ═════════
At 31 March 2023 886 886
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 535,162 176,232
Amounts owed by group undertakings - 11,010
Amounts owed by connected parties (Note 8) 70,292 316,720
Director's current account (Note ) 22,800 16,800
  ───────── ─────────
  628,254 520,762
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bounce Back Loan 22,406 32,384
Amounts owed to connected parties (Note 8) 180,629 184,338
Taxation and social security costs (Note 7) 22,742 32,245
Other creditors 89,686 8,022
  ───────── ─────────
  315,463 256,989
  ═════════ ═════════
       
7. Taxation and social security 2024 2023
  £ £
 
Creditors:
Corporation tax 18,639 32,245
PAYE / NI 4,103 -
  ───────── ─────────
  22,742 32,245
  ═════════ ═════════
           
8. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
Haig Properties 863 (116,991) 117,854 -
Milltown Taverns 7,525 (131,225) 138,750 -
Property Estate Management 7,252 10,377 (3,125) -
Dromhill Properties 720 (25,364) 26,084 -
MPS Estate Management 59,628 24,405 35,223 -
Milltown Rental (10,037) (7,159) (2,878) -
Annahaia Properties (603) (613) 10 -
DSC Elgin Properties 1,784 - 1,784 -
Property DLM (NI) 2,160 142 2,018 -
Annahaia Consultancy 1,000 - 1,000 -
  ───────── ───────── ───────── ═════════
  70,292 (246,428) 316,720  
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
Derrylodge Property Management     24,533 55,334
Peel Properties     36,171 15,629
Dromcarrick     120,353 113,162
NWD Property     (428) 213
      ───────── ─────────
      180,629 184,338
      ═════════ ═════════
 
Net balances with other connected parties:
      2024 2023
      £ £
 
Haig Properties     863 117,854
Derrylodge Property Management     (24,533) (55,334)
Peel Properties     (36,171) (15,629)
Milltown Taverns     7,525 138,750
Property Estate Management     7,252 (3,125)
Dromhill Properties     720 26,084
MPS Estate Management     59,628 35,223
Milltown Rental     (10,037) (2,878)
Dromcarrick     (120,353) (113,162)
NWD Property     428 (213)
Annahaia Properties     (603) 10
DSC Elgin Properties     1,784 1,784
Property DLM (NI)     2,160 2,018
Annahaia Consultancy     1,000 1,000
      ───────── ─────────
      (110,337) 132,382
      ═════════ ═════════