Company registration number SC381572 (Scotland)
MUS DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MUS DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MUS DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
4
1,326,660
1,326,660
Debtors
3
19,884
16,180
Cash at bank and in hand
357
4,255
1,346,901
1,347,095
Creditors: amounts falling due within one year
5
(5,030)
(5,871)
Net current assets
1,341,871
1,341,224
Creditors: amounts falling due after more than one year
6
(1,349,197)
(1,349,197)
Net liabilities
(7,326)
(7,973)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(7,426)
(8,073)
Total equity
(7,326)
(7,973)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 November 2025
J GORDON
J Gordon
Director
Company registration number SC381572 (Scotland)
MUS DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

MUS Developments Limited is a private company limited by shares incorporated in Scotland. The registered office is Whitehill Farm, Newtown St Boswells, Melrose, Roxburghshire, TD6 0SQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At 31 March 2025 the company had net liabilities of £7,326. Included within these liabilities is a loan from the company director of £1,349,197. The director has confirmed that the loan will not be repaid until funds permit, and that the company will continue to be supported and will have adequate working capital to execute its operations over the next twelve months. The director, is therefore satisfied that, having made an informed judgement, at the time of approving the financial statements, there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Stocks

Work in progress is stated at the lower of cost and net realisable value.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MUS DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
380
Other debtors
19,884
15,800
19,884
16,180
4
Stocks
2025
2024
£
£
Stocks
1,326,660
1,326,660
MUS DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,800
2,590
Taxation and social security
-
1,051
Other creditors
2,230
2,230
5,030
5,871
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,349,197
1,349,197
7
Related party transactions

During the current year there was no movement on directors balances, resulting in amounts due from the company at the year end of £1,349,197 (20 24 - £1,34 9,197). The loan is unsecured and interest free with no fixed repayment terms in place.

2025-03-31 2024-04-01 false false false 30 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity J Gordon SC381572 2024-04-01 2025-03-31 SC381572 2025-03-31 SC381572 2024-03-31 SC381572 core:WithinOneYear 2025-03-31 SC381572 core:WithinOneYear 2024-03-31 SC381572 core:AfterOneYear 2025-03-31 SC381572 core:AfterOneYear 2024-03-31 SC381572 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC381572 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC381572 core:ShareCapital 2025-03-31 SC381572 core:ShareCapital 2024-03-31 SC381572 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC381572 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC381572 bus:Director1 2024-04-01 2025-03-31 SC381572 2023-04-01 2024-03-31 SC381572 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC381572 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 SC381572 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC381572 bus:FRS102 2024-04-01 2025-03-31 SC381572 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC381572 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC381572 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP