REGISTERED NUMBER: 10626402 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MSBW Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W Walker

Mrs S M Bergstedt

REGISTERED OFFICE:

C/o Moorcrofts Thames House

Mere Park

Dedmere Road

Marlow

Buckinghamshire

SL7 1PB

REGISTERED NUMBER:

10626402 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Investments

4

3,858,604

3,753,411

Investment property

5

800,000

800,000

4,658,604

4,553,411

CURRENT ASSETS

Stocks

3,146,387

-

Debtors

6

3,029,113

1,386,774

Cash at bank

3,699,548

7,335,492

9,875,048

8,722,266

CREDITORS

Amounts falling due within one year

7

(783,427

)

(56,201

)

NET CURRENT ASSETS

9,091,621

8,666,065

TOTAL ASSETS LESS CURRENT LIABILITIES

13,750,225

13,219,476

PROVISIONS FOR LIABILITIES

8

(88,708

)

(158,716

)

NET ASSETS

13,661,517

13,060,760

CAPITAL AND RESERVES

Called up share capital

13,240,000

13,240,000

Retained earnings

421,517

(179,240

)

SHAREHOLDERS' FUNDS

13,661,517

13,060,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 25 September 2025 and were signed on its behalf by:

Mrs S M Bergstedt - Director

Mr M W Walker - Director

1.	STATUTORY INFORMATION

MSBW 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The estimates and underlying assumptions are reviewed on a regular and ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future period.

There are no critical estimates.

Turnover

Turnover relates to investment income generated from the company's principal activity of making investments. Income is recognised when the company has the right to receive the income.

Turnover is also derived from the company's principal activity of property development. Revenue comprises the fair value of the consideration received or receivable, net of applicable Value Added Tax, Stamp Duty Land Tax, rebates and discounts. Revenue is recognised in the income statement on legal completion of the sale of the property at the fair value of consideration received.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Stocks are held at the lower of cost and net realisable value. Costs comprise purchased property / land costs, direct materials and direct labour together with an apportionment of overhead incurred to bring the stocks to their present location and condition. Net realisable value represents estimated selling price less all estimated costs to sell, including sales and marketing costs.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are initially recognised at cost. With the exception of investments which qualify as basic financial instruments which are accounted for in accordance with the accounting policy for financial instruments, investments are revalued at the balance sheet date to fair value with a gain or loss arising being reported through the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Shares in group undertakings

2,000

2,000

Other investments not loans

3,572,792

3,527,332

Other loans

283,812

224,079

3,858,604

3,753,411

Additional information is as follows:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

2,000

3,527,332

3,529,332

Additions

-

1,523,026

1,523,026

Disposals

-

(1,618,132

)

(1,618,132

)

Revaluations

-

140,566

140,566

At 31 December 2024

2,000

3,572,792

3,574,792

NET BOOK VALUE

At 31 December 2024

2,000

3,572,792

3,574,792

At 31 December 2023

2,000

3,527,332

3,529,332

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2024

-

(78,721

)

(78,721

)

Cost

2,000

3,651,513

3,653,513

2,000

3,572,792

3,574,792

Other

loans

£

At 1 January 2024

224,079

New in year

283,812

Repayment in year

(224,079

)

At 31 December 2024

283,812

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

800,000

NET BOOK VALUE

At 31 December 2024

800,000

At 31 December 2023

800,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

800,000

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

16,500

19,322

Other debtors

3,012,613

767,452

3,029,113

786,774

Amounts falling due after more than one year:

Other debtors

-

600,000

Aggregate amounts

3,029,113

1,386,774

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,818

943

Taxation and social security

762,859

37,589

Other creditors

13,750

17,669

783,427

56,201

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

88,708

158,716

Deferred

tax

£

Balance at 1 January 2024

158,716

Provided during year

(70,008

)

Balance at 31 December 2024

88,708

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M W Walker.