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Company Registration No. 10216256 (England and Wales)
MSPN Property Limited Unaudited accounts for the year ended 30 March 2025
MSPN Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MSPN Property Limited Company Information for the year ended 30 March 2025
Director
M S Nicholson
Company Number
10216256 (England and Wales)
Registered Office
21 Durnell Way Loughton Essex IG10 1TG United Kingdom
Accountants
AWB Accountancy & Taxation Services Limited 362 Plumberow Avenue Hockley Essex SS5 5NP
- 3 -
MSPN Property Limited Statement of financial position as at 30 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,974,000 
2,244,425 
Current assets
Debtors
5
1,757 
1,265 
Cash at bank and in hand
5,418 
11,494 
7,175 
12,759 
Creditors: amounts falling due within one year
6
(831,694)
(580,576)
Net current liabilities
(824,519)
(567,817)
Total assets less current liabilities
2,149,481 
1,676,608 
Creditors: amounts falling due after more than one year
7
(1,773,445)
(1,796,187)
Provisions for liabilities
Deferred tax
(97,473)
- 
Net assets/(liabilities)
278,563 
(119,579)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
278,463 
(119,679)
Shareholders' funds
278,563 
(119,579)
For the year ending 30 March 2025 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 director acknowledges his 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 and authorised for issue on 6 September 2025 and were signed on its behalf by
M S Nicholson Director Company Registration No. 10216256
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MSPN Property Limited Notes to the Accounts for the year ended 30 March 2025
1
Statutory information
MSPN Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10216256. The registered office is 21 Durnell Way, Loughton, Essex, IG10 1TG, 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.
3
Accounting policies
These financial statements for the year ended 30 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Revaluation on Fair Value basis each year
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 31 March 2024
2,334,134 
Additions
249,974 
Revaluations
389,892 
At 30 March 2025
2,974,000 
Depreciation
At 31 March 2024
89,709 
Surplus on revaluation
(89,709)
At 30 March 2025
- 
Net book value
At 30 March 2025
2,974,000 
At 30 March 2024
2,244,425 
- 5 -
MSPN Property Limited Notes to the Accounts for the year ended 30 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,757 
- 
Accrued income and prepayments
- 
1,265 
1,757 
1,265 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
4,583 
4,583 
Trade creditors
- 
1,440 
Taxes and social security
2,995 
- 
Other creditors
516,582 
277,581 
Loans from directors
307,534 
296,972 
831,694 
580,576 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,773,445 
1,782,818 
Other creditors
- 
13,369 
1,773,445 
1,796,187 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
9
Reconciliations on adoption of FRS 102
- 6 -