Market Square Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06840489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MARKET SQUARE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Williams

Mrs L Williams

C Williams

SECRETARY:

C Williams

REGISTERED OFFICE:

9 Meadow Road

Great Gransden

Sandy

Bedfordshire

SG19 3BD

REGISTERED NUMBER:

06840489 (England and Wales)

ACCOUNTANTS:

80K Limited

59a Day's Lane

Biddenham

Bedford

Bedfordshire

MK40 4AE

FIXED ASSETS

Tangible assets

4

5,169,630

5,174,000

CURRENT ASSETS

Debtors

5

17,102

12,450

Cash at bank

27,546

245,966

44,648

258,416

CREDITORS

Amounts falling due within one year

6

(62,926

)

(46,592

)

NET CURRENT (LIABILITIES)/ASSETS

(18,278

)

211,824

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,151,352

5,385,824

CREDITORS

Amounts falling due after more than one
year

7

(4,201,087

)

(4,550,429

)

NET ASSETS

950,265

835,395

CAPITAL AND RESERVES

Called up share capital

107

Retained earnings

950,158

835,288

SHAREHOLDERS' FUNDS

950,265

835,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2025 and were signed on its behalf by:

C Williams - Director

1.	STATUTORY INFORMATION

Market Square Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 September 2023

5,168,521

74,403

5,242,924

Additions

-

1,232

At 31 August 2024

5,168,521

75,635

5,244,156

DEPRECIATION

At 1 September 2023

-

68,924

Charge for year

-

5,602

At 31 August 2024

-

74,526

NET BOOK VALUE

At 31 August 2024

5,168,521

1,109

5,169,630

At 31 August 2023

5,168,521

5,479

5,174,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

3,290

5,911

Other debtors

13,812

6,539

17,102

12,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

19,378

10,245

Taxation and social security

40,147

32,422

Other creditors

3,401

3,925

62,926

46,592

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

2,225,106

2,378,550

Other creditors

1,975,981

2,171,879

4,201,087

4,550,429

2024

2023

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,225,106

Other loans more 5yrs non-inst

1,963,481

2,325,323

4,188,587

4,550,429

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.