1 September 2023 false No description of principal activity Taxfiler 2024.6 14314305business:PrivateLimitedCompanyLtd2023-09-012024-08-31 143143052023-08-31 143143052023-09-012024-08-31 14314305business:AuditExemptWithAccountantsReport2023-09-012024-08-31 14314305business:FilletedAccounts2023-09-012024-08-31 143143052024-08-31 14314305business:Director12023-09-012024-08-31 14314305business:Director22023-09-012024-08-31 143143052023-08-31 14314305core:WithinOneYear2024-08-31 14314305core:WithinOneYear2023-08-31 14314305core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 14314305core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 14314305core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 14314305core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 14314305core:PreviouslyStatedAmount2024-08-31 14314305core:PreviouslyStatedAmount2023-08-31 14314305business:SmallEntities2023-09-012024-08-31 14314305countries:EnglandWales2023-09-012024-08-31 14314305core:FurnitureFittings2023-09-012024-08-31 14314305core:FurnitureFittings2023-08-31 14314305core:FurnitureFittings2024-08-31 143143052022-08-232023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14314305 (England and Wales)
Murfin Properties Limited Unaudited accounts for the year ended 31 August 2024
Murfin Properties Limited Unaudited accounts Contents
Page
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Murfin Properties Limited Company Information for the year ended 31 August 2024
Directors
Andrew Philip Murfin Samantha Jane Murfin
Company Number
14314305 (England and Wales)
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Murfin Properties Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
437 
583 
Investment property
728,366 
642,280 
728,803 
642,863 
Current assets
Cash at bank and in hand
7,838 
- 
Creditors: amounts falling due within one year
(755,799)
(655,469)
Net current liabilities
(747,961)
(655,469)
Net liabilities
(19,158)
(12,606)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(19,160)
(12,608)
Shareholders' funds
(19,158)
(12,606)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
Andrew Philip Murfin Director Company Registration No. 14314305
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Murfin Properties Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Murfin Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14314305.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance Method
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Murfin Properties Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
619 
At 31 August 2024
619 
Depreciation
At 1 September 2023
36 
Charge for the year
146 
At 31 August 2024
182 
Net book value
At 31 August 2024
437 
At 31 August 2023
583 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
642,280 
Additions
86,086 
At 31 August 2024
728,366 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
426,175 
426,175 
Loans from directors
329,624 
229,294 
755,799 
655,469 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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