Muse Escapes (Buxton) Limited - Accounts to registrar (filleted)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MUSE ESCAPES (BUXTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L Muse

J M Muse

REGISTERED OFFICE:

22 Clifton Avenue

Handsworth

Sheffield

South Yorkshire

S9 4BA

REGISTERED NUMBER:

13562767 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

2,180,128

2,190,695

CURRENT ASSETS

Debtors

5

32,595

47,353

Cash at bank

27,081

8,000

59,676

55,353

CREDITORS

Amounts falling due within one year

6

129,440

140,018

NET CURRENT LIABILITIES

(69,764

)

(84,665

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,110,364

2,106,030

CREDITORS

Amounts falling due after more than one year

7

2,315,684

2,295,708

NET LIABILITIES

(205,320

)

(189,678

)

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

8

27,706

Retained earnings

(233,028

)

(217,386

)

(205,320

)

(189,678

)

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.

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 16 December 2025 and were signed on its behalf by:

J M Muse - Director

1.	STATUTORY INFORMATION

Muse Escapes (Buxton) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

2,100,000

105,666

2,205,666

DEPRECIATION

At 1 April 2024

-

14,971

Charge for year

-

10,567

At 31 March 2025

-

25,538

NET BOOK VALUE

At 31 March 2025

2,100,000

80,128

2,180,128

At 31 March 2024

2,100,000

90,695

2,190,695

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2023

27,706

-

27,706

Cost

2,072,294

105,666

2,177,960

2,100,000

105,666

2,205,666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

11,836

Other debtors

32,595

35,517

32,595

47,353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

56,517

66,221

Taxation and social security

10,481

8,117

Other creditors

62,442

65,680

129,440

140,018

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

1,327,312

1,327,275

Amounts owed to associates

405,000

406,070

Other creditors

583,372

562,363

2,315,684

2,295,708

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,327,312

1,327,275

8.

RESERVES

Fair

value

reserve

£

Fair value gain

27,706

At 31 March 2025

27,706