0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,233,816 3,233,816 3,233,816 54,261 17,135 71,396 xbrli:pure xbrli:shares iso4217:GBP 01598308 2024-04-01 2025-03-31 01598308 2025-03-31 01598308 2024-03-31 01598308 2023-04-01 2024-03-31 01598308 2024-03-31 01598308 2023-03-31 01598308 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 01598308 bus:Director1 2024-04-01 2025-03-31 01598308 core:WithinOneYear 2025-03-31 01598308 core:WithinOneYear 2024-03-31 01598308 core:DeferredTaxation 2024-04-01 2025-03-31 01598308 core:AfterOneYear 2025-03-31 01598308 core:AfterOneYear 2024-03-31 01598308 core:ShareCapital 2025-03-31 01598308 core:ShareCapital 2024-03-31 01598308 core:RevaluationReserve 2025-03-31 01598308 core:RevaluationReserve 2024-03-31 01598308 core:RetainedEarningsAccumulatedLosses 2025-03-31 01598308 core:RetainedEarningsAccumulatedLosses 2024-03-31 01598308 core:RevaluationInvestmentPropertyDeferredTax 2025-03-31 01598308 core:RevaluationInvestmentPropertyDeferredTax 2024-03-31 01598308 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01598308 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01598308 core:DeferredTaxation 2024-03-31 01598308 core:DeferredTaxation 2025-03-31 01598308 bus:SmallEntities 2024-04-01 2025-03-31 01598308 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01598308 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01598308 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01598308 bus:FullAccounts 2024-04-01 2025-03-31 01598308 bus:OrdinaryShareClass1 2025-03-31 01598308 bus:OrdinaryShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: 01598308
M.S. DESIGN INTERNATIONAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
M.S. DESIGN INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
M.S. DESIGN INTERNATIONAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
3,233,816
3,233,816
CURRENT ASSETS
Debtors
5
35,584
53,792
Cash at bank and in hand
70,827
43,711
----------
---------
106,411
97,503
CREDITORS: amounts falling due within one year
6
176,998
163,718
----------
----------
NET CURRENT LIABILITIES
70,587
66,215
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,163,229
3,167,601
CREDITORS: amounts falling due after more than one year
7
220,480
260,000
PROVISIONS
Taxation including deferred tax
8
71,396
54,261
-------------
-------------
NET ASSETS
2,871,353
2,853,340
-------------
-------------
M.S. DESIGN INTERNATIONAL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
2025
2024
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
10
20,000
20,000
Revaluation reserve
1,055,347
1,055,347
Profit and loss account
1,796,006
1,777,993
-------------
-------------
SHAREHOLDERS FUNDS
2,871,353
2,853,340
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
Mr H Mehat
Director
Company registration number: 01598308
M.S. DESIGN INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. TANGIBLE ASSETS
Investment Properties
£
Cost
At 1 April 2024 and 31 March 2025
3,233,816
-------------
Depreciation
At 1 April 2024 and 31 March 2025
-------------
Carrying amount
At 31 March 2025
3,233,816
-------------
At 31 March 2024
3,233,816
-------------
Tangible assets held at valuation
The investment property has been valued by the Directors taking into consideration both the market value of similar properties and the investment return.
5. DEBTORS
2025
2024
£
£
Trade debtors
7,522
33,171
Other debtors
28,062
20,621
---------
---------
35,584
53,792
---------
---------
6. CREDITORS: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
40,000
40,000
Accruals and deferred income
53,985
50,658
Corporation tax
63,717
53,674
Social security and other taxes
19,296
19,386
----------
----------
176,998
163,718
----------
----------
The bank loan is secured by a fixed charge over land at the south side of Leeds Road Huddersfield, Land at the south east side of Leeds Road Huddersfield and the former Kendray Hotel Barnsley and also a floating charge over all the property and undertaking of the Company.
7. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
220,000
260,000
Trade creditors
480
----------
----------
220,480
260,000
----------
----------
8. PROVISIONS
Deferred tax (note 9)
£
At 1 April 2024
54,261
Additions
17,135
---------
At 31 March 2025
71,396
---------
9. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions (note 8)
71,396
54,261
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Fair value adjustment of investment property
71,396
54,261
---------
---------
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
20,000
20,000
20,000
20,000
---------
---------
---------
---------