REGISTERED NUMBER: 09620837 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MSBD PROPERTIES LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Deege George Carse

Mr Bradley Dave Carse

Mr Shaun Mark Carse

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

09620837 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Investment property

5

1,510,417

1,494,858

CURRENT ASSETS

Debtors

2,760

1,323

Cash at bank

11,959

13,970

14,719

15,293

CREDITORS

Amounts falling due within one year

8,837

127,867

NET CURRENT ASSETS/(LIABILITIES)

5,882

(112,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,516,299

1,382,284

CREDITORS

Amounts falling due after more than one year

6

(1,503,200

)

(1,422,658

)

PROVISIONS FOR LIABILITIES

8

(10,408

)

(7,910

)

NET ASSETS/(LIABILITIES)

2,691

(48,284

)

CAPITAL AND RESERVES

Called up share capital

9

999

999

Fair value reserve

33,717

33,717

Retained earnings

(32,025

)

(83,000

)

SHAREHOLDERS' FUNDS

2,691

(48,284

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2025 and were signed on its behalf by:

Mr Deege George Carse - Director

Mr Shaun Mark Carse - Director

1.	STATUTORY INFORMATION

MSBD Properties Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the rent receivable.

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,494,858

Additions

15,559

At 31 March 2025

1,510,417

NET BOOK VALUE

At 31 March 2025

1,510,417

At 31 March 2024

1,494,858

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

41,627

Cost

1,468,790

1,510,417

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

99,400

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

20,887

Other loans

-

100,000

-

120,887

Amounts falling due between two and five years:

Bank loans - more than 1 year

203,835

83,547

Amounts falling due in more than five years:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

99,400

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,408

7,910

Deferred

tax

£

Balance at 1 April 2024

7,910

Increase due to rate change

2,498

Balance at 31 March 2025

10,408

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

999

Ordinary

£1

999

999

10.	RELATED PARTY DISCLOSURES

Trackershop Limited is a related company incorporated in England and Wales and is controlled by the directors and shareholders of MSBD Properties Ltd.

During the year, the company received loans totalling £59,654 from Trackershop Limited.

At the balance sheet date, the company owed an amount of £1,299,365 (2024 - £1,239,711 ) to Trackershop Limited.

11.	CONTROLLING PARTY

There is no one single controlling party.