Company Registration No. 05579227 (England and Wales)
MSSEC LTD
Unaudited accounts
for the year ended 30 September 2024
MSSEC LTD
Unaudited accounts
Contents
MSSEC LTD
Company Information
for the year ended 30 September 2024
Directors
Ralph Peter Aldenhoven
Marc Simon Sofer
Company Number
05579227 (England and Wales)
Registered Office
bdh Tax
Capitol Square, 4-6 Church Street
Epsom
KT17 4NR
United Kingdom
Accountants
bdh Tax
Capitol Square
4-6 Church Street
Epsom
KT17 4NR
MSSEC LTD
Statement of financial position
as at 30 September 2024
Tangible assets
14,741
8,262
Investment property
1,950,000
1,950,000
Inventories
650,000
650,000
Cash at bank and in hand
10,875
34,089
Creditors: amounts falling due within one year
(12,553)
(28,677)
Net current assets
920,999
925,073
Total assets less current liabilities
2,886,140
2,883,735
Creditors: amounts falling due after more than one year
(1,702,864)
(1,702,864)
Net assets
1,183,276
1,180,871
Called up share capital
2
2
Revaluation reserve
875,908
875,908
Profit and loss account
307,366
304,961
Shareholders' funds
1,183,276
1,180,871
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 29 July 2025 and were signed on its behalf by
Marc Simon Sofer
Director
Company Registration No. 05579227
MSSEC LTD
Notes to the Accounts
for the year ended 30 September 2024
MSSEC LTD is a private company, limited by shares, registered in England and Wales, registration number 05579227. The registered office is bdh Tax, Capitol Square, 4-6 Church Street, Epsom, KT17 4NR, United Kingdom.
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.
Rents Received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Investments in associates
Investments in associate undertakings are recognised at cost.
Investment property is included at market fair value. Gains are recognised in the income statement.
MSSEC LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
16,659
5,225
21,884
At 30 September 2024
16,659
14,219
30,878
At 1 October 2023
8,397
5,225
13,622
Charge for the year
2,065
450
2,515
At 30 September 2024
10,462
5,675
16,137
At 30 September 2024
6,197
8,544
14,741
At 30 September 2023
8,262
-
8,262
Fair value at 1 October 2023
1,950,000
At 30 September 2024
1,950,000
6
Investments
Other investments
Valuation at 1 October 2023
400
Valuation at 30 September 2024
400
Amounts falling due within one year
Amounts due from group undertakings etc.
186,777
145,350
Other debtors
85,900
124,311
8
Creditors: amounts falling due within one year
2024
2023
Other creditors
11,546
27,648
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,702,864
1,702,864
MSSEC LTD
Notes to the Accounts
for the year ended 30 September 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
124,311
123,000
161,411
85,900
124,311
123,000
161,411
85,900
11
Transactions with related parties
Included in other debtors is an amount of £142,814 (2022: £142,814) which represents an amount receivable from MSSEC Commercial Limited, a company controlled by M S Sofer. This amount receivable relates to amounts that the company has paid on behalf of MSSEC Commercial Limited.
The company is controlled by Ralph Peter Aldenhoven, a director of the company.
13
Average number of employees
During the year the average number of employees was 0 (2023: 0).