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REGISTERED NUMBER: 06216035 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 May 2025

for

Muirhead Financial Services Limited

Muirhead Financial Services Limited (Registered number: 06216035)






Contents of the Financial Statements
For The Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Muirhead Financial Services Limited

Company Information
For The Year Ended 31 May 2025







DIRECTORS: Mr D J Jenkins
P Smith





REGISTERED OFFICE: 123 North Hill
Plymouth
Devon
PL4 8JY





REGISTERED NUMBER: 06216035 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Muirhead Financial Services Limited (Registered number: 06216035)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Investments 4 600,000 600,000
Investment property 5 300,000 300,000
900,000 900,000

CURRENT ASSETS
Debtors 6 19,594 15,675
Cash at bank 372 1,473
19,966 17,148
CREDITORS
Amounts falling due within one year 7 228,396 230,245
NET CURRENT LIABILITIES (208,430 ) (213,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,570

686,903

CREDITORS
Amounts falling due after more than one
year

8

-

(9,110

)

PROVISIONS FOR LIABILITIES (14,400 ) (11,520 )
NET ASSETS 677,170 666,273

CAPITAL AND RESERVES
Called up share capital 800 800
Capital redemption reserve 200 200
Retained earnings 676,170 665,273
677,170 666,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

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.

Muirhead Financial Services Limited (Registered number: 06216035)

Balance Sheet - continued
31 May 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:




Mr D J Jenkins - Director



P Smith - Director


Muirhead Financial Services Limited (Registered number: 06216035)

Notes to the Financial Statements
For The Year Ended 31 May 2025

1. STATUTORY INFORMATION

Muirhead Financial Services 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.

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.

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.

Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 June 2024
and 31 May 2025 600,000
NET BOOK VALUE
At 31 May 2025 600,000
At 31 May 2024 600,000


Muirhead Financial Services Limited (Registered number: 06216035)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2025

4. FIXED ASSET INVESTMENTS - continued

Muirhead Financial Services Limited owns 100% (155,610 x £1 ordinary shares) of the ordinary share capital in Muirhead Finance Ltd.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024
and 31 May 2025 300,000
NET BOOK VALUE
At 31 May 2025 300,000
At 31 May 2024 300,000

Investment property comprises offices for the company and its subsidiary. The fair value of the investment property has been arrived at on the basis of a valuation carried out by Vickery Holman Chartered Surveyors, who are not connected with the company. The valuation was made on 31 May 2017 on an open market value basis by reference to market evidence of transaction prices for similar properties and no variation in valuation is noted.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.25 31.5.24
£    £   
Other debtors 19,594 15,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans and overdrafts 5,465 27,600
Amounts owed to group undertakings 219,959 200,228
Taxation and social security 2,312 1,937
Other creditors 660 480
228,396 230,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.25 31.5.24
£    £   
Bank loans - 9,110

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.25 31.5.24
£    £   
Bank loans 5,465 36,710

Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.