Company Registration No. 12865818 (England and Wales)
MOVE SMART PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 September 2024
MOVE SMART PROPERTIES LIMITED
Unaudited accounts
Contents
MOVE SMART PROPERTIES LIMITED
Company Information
for the year ended 30 September 2024
Directors
Avtar Singh RAI
Navdeep Kaur RAI
Company Number
12865818 (England and Wales)
Registered Office
49 BAGINTON ROAD
COVENTRY
CV3 6JX
ENGLAND
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD
51 HEATHER ROAD
BINLEY WOODS
COVENTRY
CV3 2DE
MOVE SMART PROPERTIES LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
879,180
552,877
Cash at bank and in hand
173,208
137,798
Creditors: amounts falling due within one year
(1,920)
(1,440)
Net current assets
171,288
136,358
Total assets less current liabilities
1,050,468
689,235
Creditors: amounts falling due after more than one year
(998,813)
(687,234)
Called up share capital
2
2
Revaluation reserve
69,474
69,474
Profit and loss account
(17,821)
(67,475)
Shareholders' funds
51,655
2,001
For the year ending 30 September 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 25 October 2024 and were signed on its behalf by
Avtar Singh RAI
Director
Company Registration No. 12865818
MOVE SMART PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
MOVE SMART PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12865818. The registered office is 49 BAGINTON ROAD, COVENTRY, CV3 6JX, ENGLAND.
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:
Land & buildings
50 years straight line
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
573,882
3,500
577,382
Additions
326,625
-
326,625
At 30 September 2024
900,507
3,500
904,007
At 1 October 2023
23,155
1,350
24,505
Charge for the year
-
322
322
At 30 September 2024
23,155
1,672
24,827
At 30 September 2024
877,352
1,828
879,180
At 30 September 2023
550,727
2,150
552,877
5
Creditors: amounts falling due within one year
2024
2023
MOVE SMART PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
591,525
405,920
Loans from directors
333,838
281,314
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).