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REGISTERED NUMBER: 09341666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MS SELF STORAGE LIMITED

MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MS SELF STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: M A Williams





SECRETARY: M A Williams





REGISTERED OFFICE: Make Space Self Storage
Unit 1a Foundry Lane
Horsham
West Sussex
RH13 5PX





REGISTERED NUMBER: 09341666 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,532 166,470
Tangible assets 5 3,859,465 3,925,896
Investments 6 2,867,297 2,867,297
6,808,294 6,959,663

CURRENT ASSETS
Stocks 6,180 7,511
Debtors 7 3,384,303 3,410,818
Cash at bank 1,866,922 1,317,795
5,257,405 4,736,124
CREDITORS
Amounts falling due within one year 8 2,823,435 2,144,267
NET CURRENT ASSETS 2,433,970 2,591,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,242,264

9,551,520

CREDITORS
Amounts falling due after more than one year 9 (32,945 ) (82,945 )

PROVISIONS FOR LIABILITIES (323,592 ) (326,898 )
NET ASSETS 8,885,727 9,141,677

CAPITAL AND RESERVES
Called up share capital 4,500,184 4,500,184
Revaluation reserve 623,200 623,200
Capital redemption reserve 799,816 799,816
Retained earnings 2,962,527 3,218,477
SHAREHOLDERS' FUNDS 8,885,727 9,141,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





M A Williams - Director


MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

MS Self Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash and shareholder reserves.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Revenue from the rental of self storage units is recognised over the period of occupancy in accordance with the terms of the leases.

Revenue from the sale of goods is recognised at the point of sale or date of despatch, when the risks and rewards have been transferred to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its useful life of 10 years.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Office equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The tax expense represents the sum of the tax currently payable or receivable and deferred tax.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 January 2024 1,266,845 - 1,266,845
Additions - 45,050 45,050
At 31 December 2024 1,266,845 45,050 1,311,895
Amortisation
At 1 January 2024 1,100,375 - 1,100,375
Charge for year 126,684 3,304 129,988
At 31 December 2024 1,227,059 3,304 1,230,363
Net book value
At 31 December 2024 39,786 41,746 81,532
At 31 December 2023 166,470 - 166,470

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 January 2024
and 31 December 2024 3,517,858 1,154,485 4,672,343
Depreciation
At 1 January 2024 306,877 439,570 746,447
Charge for year 46,511 19,920 66,431
At 31 December 2024 353,388 459,490 812,878
Net book value
At 31 December 2024 3,164,470 694,995 3,859,465
At 31 December 2023 3,210,981 714,915 3,925,896

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2015 747,572 - 747,572
Cost 2,770,286 1,154,485 3,924,771
3,517,858 1,154,485 4,672,343

MS SELF STORAGE LIMITED (REGISTERED NUMBER: 09341666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 January 2024
and 31 December 2024 2,867,297
Net book value
At 31 December 2024 2,867,297
At 31 December 2023 2,867,297

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,975 26,149
Amounts owed by group undertakings 3,332,376 3,358,859
Other debtors 23,952 25,810
3,384,303 3,410,818

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,775 15,121
Amounts owed to group undertakings 2,354,947 1,714,886
Taxation and social security 222,178 204,266
Other creditors 229,535 209,994
2,823,435 2,144,267

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 32,945 82,945

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, outstanding contributions amounted to £1,551 (2023: £1,631).