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
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
Murfin Properties Limited
Statement of financial position
as at 31 August 2024
Investment property
728,366
642,280
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)
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
Murfin Properties Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
Murfin Properties Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 September 2023
642,280
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
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).