2023-12-01 2024-11-30 false Capium Accounts Production 1.1 08308411 2023-12-01 2024-11-30 08308411 bus:FullAccounts 2023-12-01 2024-11-30 08308411 bus:FRS102 2023-12-01 2024-11-30 08308411 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 08308411 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08308411 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08308411 2023-12-01 2024-11-30 08308411 2024-11-30 08308411 bus:RegisteredOffice 2023-12-01 2024-11-30 08308411 core:WithinOneYear 2024-11-30 08308411 core:AfterOneYear 2024-11-30 08308411 1 2023-12-01 2024-11-30 08308411 bus:Director1 2023-12-01 2024-11-30 08308411 bus:Director1 2024-11-30 08308411 bus:Director1 2022-12-01 2023-11-30 08308411 2022-12-01 08308411 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 08308411 2022-12-01 2023-11-30 08308411 2023-11-30 08308411 core:WithinOneYear 2023-11-30 08308411 core:AfterOneYear 2023-11-30 08308411 bus:EntityAccountantsOrAuditors 2022-12-01 2023-11-30 08308411 core:MotorCars 2023-12-01 2024-11-30 08308411 core:MotorCars 2024-11-30 08308411 core:MotorCars 2023-11-30 08308411 core:FurnitureFittings 2023-12-01 2024-11-30 08308411 core:FurnitureFittings 2024-11-30 08308411 core:FurnitureFittings 2023-11-30 08308411 core:ComputerEquipment 2023-12-01 2024-11-30 08308411 core:ComputerEquipment 2024-11-30 08308411 core:ComputerEquipment 2023-11-30 08308411 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-11-30 08308411 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 08308411 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 08308411 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 08308411 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-11-30 08308411 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-11-30 08308411 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-11-30 08308411 core:Non-currentFinancialInstruments 2024-11-30 08308411 core:Non-currentFinancialInstruments 2023-11-30 08308411 core:ShareCapital 2024-11-30 08308411 core:ShareCapital 2023-11-30 08308411 core:RetainedEarningsAccumulatedLosses 2024-11-30 08308411 core:RetainedEarningsAccumulatedLosses 2023-11-30 08308411 dpl:Item1 2023-12-01 08308411 dpl:Item1 2024-11-30 08308411 dpl:Item1 2022-12-01 08308411 dpl:Item1 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08308411
England and Wales

 

 

 

MUIRFIELD PROPERTY SERVICES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Director Mr Nicklaus Anthony Lee Thorpe
Registered Number 08308411
Registered Office 17 Queen Street
Southwell
Nottinghamshire
NG25 0AA
Accountants Equinox Accounting Limited
Unit 2 Sherbrook Road
Daybrook
Nottingham
Nottinghamshire
NG5 6AB
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 21,107    28,119 
21,107    28,119 
Current assets      
Debtors 4 41,724    61,174 
Cash at bank and in hand 1,154    7,927 
42,878    69,101 
Creditors: amount falling due within one year 5 (43,793)   (65,178)
Net current assets (915)   3,923 
 
Total assets less current liabilities 20,192    32,042 
Creditors: amount falling due after more than one year 6 (28,829)   (36,268)
Provisions for liabilities 7 (394)   (315)
Net assets (9,031)   (4,541)
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account (9,041)   (4,551)
Shareholders' funds (9,031)   (4,541)
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 August 2025 and were signed by:


-------------------------------
Mr Nicklaus Anthony Lee Thorpe
Director
2
General Information
Muirfield Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08308411, registration address 17 Queen Street, Southwell, Nottinghamshire, NG25 0AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors have adopted the going concern basis due to the sale of the rental portfolio within 9 months of the year end giving the company a significant cash injection and thus enough money to meet debts as they fall due.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2023 44,995    10,373    7,383    62,751 
Additions      
Disposals      
At 30 November 2024 44,995    10,373    7,383    62,751 
Depreciation
At 01 December 2023 21,957    5,798    6,877    34,632 
Charge for year 4,608    2,148    256    7,012 
On disposals      
At 30 November 2024 26,565    7,946    7,133    41,644 
Net book values
Closing balance as at 30 November 2024 18,430    2,427    250    21,107 
Opening balance as at 01 December 2023 23,038    4,575    506    28,119 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   339 
Amount Owed by Participating Interests 19,339    21,356 
Other Debtors 3,114    3,114 
Directors' Current Accounts 19,271    36,365 
41,724    61,174 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,868   
Bank Loans & Overdrafts 2,924    1,962 
Corporation Tax 11,515    16,281 
PAYE & Social Security 2,277    2,845 
Other Creditors 11,921    15,045 
Obligations under HP/Financial Leases 6,999    6,999 
Wages & Salaries Control Account   2,851 
VAT 6,289    19,195 
43,793    65,178 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 21,830    22,270 
Obligations Under HP/Financial Leases 6,999    13,998 
28,829    36,268 

7.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions 394    315 
394    315 

8.

Director’s loan

Mr N Thorpe

At year end, Mr N Thorpe owed the company £19,271 (2023 - £36,365). Interest has been charged on the outstanding balance at HMRC's official rate of interest for beneficial loans.
3