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COMPANY REGISTRATION NUMBER: 15333535
MSR PROPERTY HOLDINGS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
MSR PROPERTY HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
31 Dec 24
Note
£
£
FIXED ASSETS
Investments
4
245,912
CURRENT ASSETS
Debtors
5
2,931
Cash at bank and in hand
3,860
-------
6,791
CREDITORS: amounts falling due within one year
6
85,925
--------
NET CURRENT LIABILITIES
79,134
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
166,778
CREDITORS: amounts falling due after more than one year
7
171,729
---------
NET LIABILITIES
( 4,951)
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
Profit and loss account
( 5,051)
-------
SHAREHOLDERS DEFICIT
( 4,951)
-------
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 comprehensive income has not been delivered.
For the period ending 31 December 2024 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 period 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 .
MSR PROPERTY HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 4 September 2025 , and are signed on behalf of the board by:
Mr M Rigby-White
Director
Company registration number: 15333535
MSR PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 7 DECEMBER 2023 TO 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Swallow Court, Kettering Parkway, Kettering, NN15 6XX.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors and associated companies. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover relates to rents receivable net of Value Added Tax.
Income 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.
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss
4. INVESTMENTS
Investment Property
£
Cost
At 7 December 2023
–
Additions
245,912
---------
At 31 December 2024
245,912
---------
Impairment
At 7 December 2023 and 31 December 2024
–
---------
Carrying amount
At 31 December 2024
245,912
---------
5. DEBTORS
31 Dec 24
£
Trade debtors
1,078
Other debtors
1,853
-------
2,931
-------
6. CREDITORS: amounts falling due within one year
31 Dec 24
£
Bank loans and overdrafts
3,995
Trade creditors
1,373
Social security and other taxes
1,666
Other creditors
78,891
--------
85,925
--------
7. CREDITORS: amounts falling due after more than one year
31 Dec 24
£
Bank loans and overdrafts
171,729
---------
8. RELATED PARTY TRANSACTIONS
The Directors have advanced funds to the company. At 31 December 2024 the amount due from the company was £35,000. The company has received loans from associated companies during the year. At 31 December 2024 the amount due form the company was £39,458. No interest was payable on these loans.
9. GOING CONCERN
The directors have considered the period to 30 September 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.