REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2024 |
for |
MUNIMENT LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2024 |
for |
MUNIMENT LIMITED |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MUNIMENT LIMITED |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
143 Station Road |
Hampton |
Middlesex |
TW12 2AL |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Balance Sheet |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Muniment Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
AMORTISATION |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2023 |
Disposals | ( |
) | ( |
) | ( |
) |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2023 |
Additions |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2023 | (28,122 | ) |
Cost | 392,514 |
364,392 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to associates | 69,679 | 76,949 |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
C&C mortgage | 57,984 | 208,239 |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.24 | 30.9.23 |
£ | £ |
Mortgage | 57,984 | 208,239 |
The mortgage provided by Cambridge and Counties Bank Ltd is secured against the freehold interest in the land and property known as 8 Broughton Drive by way of a fixed and floating charge. |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the end of the year the company owed the following amounts to the directors: |
30.9.24 | 30.9.23 |
£ | £ |
Mrs L H Seto | 3,853,457 | 3,853,457 |
Mr T I Walker | 7,036,452 | 7,310,016 |
The loans are made to the company interest free and have no fixed date of maturity. |
14. | RELATED PARTY DISCLOSURES |
Muniment Bradford Developments Ltd |
100% subsidiary |
Remaining 30% shareholding transferred from Priestley Homes Ltd to Muniment Ltd on 3 October 2023. (2023: 70%). |
30.9.24 | 30.9.23 |
£ | £ |
Amount due to related party at the balance sheet date | 4,819 | 415,334 |
Muniment Property Developments Ltd |
76% subsidiary |
This company was previously known as VR 1844 Limited. Interest of £32,110 was charged in the year. (2023: £52,707) |
30.9.24 | 30.9.23 |
£ | £ |
Amount due from related party at the balance sheet date | 357,545 | 350,435 |
Brigstock Campsite Ltd |
75% Subsidiary |
30.9.24 | 30.9.23 |
£ | £ |
Amount due from related party at the balance sheet date | 2,241,086 | 1,625,228 |
MUNIMENT LIMITED (REGISTERED NUMBER: 08687267) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
14. | RELATED PARTY DISCLOSURES - continued |
Brigstock Secure Services Ltd |
75% Subsidiary |
30.9.24 | 30.9.23 |
£ | £ |
Amount due from related party at the balance sheet date | 117,688 | 88,197 |
Burton Waterloo Ltd |
75% Subsidiary |
Interest of £108,000 was charged in the year. (2023: £108,000). Interest of £49,000 was repaid during the year. |
30.9.24 | 30.9.23 |
£ | £ |
Amount due from related party at the balance sheet date | 1,291,818 | 1,232,818 |
Muniment Warrington Ltd |
50% associate |
30.9.24 | 30.9.23 |
£ | £ |
Amount due to related party at the balance sheet date | 69,679 | 76,949 |
Scouts Apartments Ltd |
50% associate |
30.9.24 | 30.9.23 |
£ | £ |
Amount due from related party at the balance sheet date | 176,224 | 175,519 |