MSK Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5778390

MSK HOLDINGS LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

MSK HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	8,800,000	8,800,000
Investments	6	6,402,200	6,402,200
		-------------	-------------
		15,202,200	15,202,200

Current assets

Debtors	7	6,129,835	6,309,571
Cash at bank and in hand		1,350,089	452,387
		------------	------------
		7,479,924	6,761,958

Creditors: amounts falling due within one year	8	6,527,602		5,391,172
		------------		------------
Net current assets			952,322	1,370,786
			-------------	-------------
Total assets less current liabilities			16,154,522	16,572,986

Creditors: amounts falling due after more than one year	9		2,166,667	2,666,667

Provisions

Taxation including deferred tax	376,132	376,132
	-------------	-------------
Net assets	13,611,723	13,530,187
	-------------	-------------

Capital and reserves

Called up share capital	8,850,000	8,850,000
Profit and loss account	4,761,723	4,680,187
	-------------	-------------
Shareholders funds	13,611,723	13,530,187
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

MSK HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

M J Doughty

Director

Company registration number: 5778390

MSK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are re-measured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then re-measured to the present value of the expected future cash outflows.

Security and Guarantees

At the year end date, the following securities and guarantees were in place in respect of the company’s banking facilities:

- Legal charge over 72–76 River Road, Barking, Essex IG11 0DY, on the bank’s standard form, dated 29 September 2006.

- Legal charge over 7 Prescot Street, London, E1 8AY, on the bank’s standard form, dated 26 July 2022.

- Cross Guarantee and Debenture dated 26 July 2022 between Lesterose Builders Limited, Lesterose Holdings Limited, MSK Rail Limited, MSK Southern Limited, MSK Waste Management & Recycling Limited, Multi Services Holdings Limited, and Multi Services Kent Limited.

- Unlimited Guarantee dated 18 May 2021 given by Lesterose Builders Limited, MSK Rail Limited, MSK Waste Management & Recycling Limited, and Multi Services Kent Limited.

These arrangements provide security to the bank over the assets of the company and certain other group companies under the group’s composite banking facilities.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

The company was is a wholly-owned subsidiary of another company incorporated in England and Wales and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published, consolidated accounts.

Judgements and key sources of estimation uncertainty

There are no significant estimates or assumptions made that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue recognition

Revenue refers to amounts earned from the Company's principal activity; operating as a holding company. The revenue shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

The investment properties were initially recorded at cost and have since been revalued. Freehold Land is not depreciated.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets .

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

There were no persons employed by the company during the accounting period.

5. Tangible assets

	Freehold Land	Long leasehold property	Total
	£	£	£
Value
At 1 April 2024 and 31 March 2025	7,000,000	1,800,000	8,800,000
	------------	------------	------------
Depreciation
At 1 April 2024 and 31 March 2025	–	–	–
	------------	------------	------------
Carrying amount
At 31 March 2025	7,000,000	1,800,000	8,800,000
	------------	------------	------------
At 31 March 2024	7,000,000	1,800,000	8,800,000
	------------	------------	------------

There is a standard charge from the company's bank over the properties held by the company .

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold Land	Long leasehold property	Total
	£	£	£
At 31 March 2025
Aggregate cost	4,439,866	1,003,123	5,442,989
Aggregate depreciation	–	–	–
	------------	------------	------------
Carrying value	4,439,866	1,003,123	5,442,989
	------------	------------	------------

At 31 March 2024
Aggregate cost	4,439,866	1,003,123	5,442,989
Aggregate depreciation	–	–	–
	------------	------------	------------
Carrying value	4,439,866	1,003,123	5,442,989
	------------	------------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	6,402,200
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	6,402,200
	------------
At 31 March 2024	6,402,200
	------------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,123,350	5,278,350
Other debtors	1,006,485	1,031,221
	------------	------------
	6,129,835	6,309,571
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	1,000,000	1,000,000
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	500,000	500,000
Trade creditors	6,555	5,982
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,586,875	4,461,441
Corporation tax	26,216	15,314
Social security and other taxes	21,854	22,333
Other creditors	386,102	386,102
	------------	------------
	6,527,602	5,391,172
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,166,667	2,666,667
	------------	------------

10. Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified .

The senior statutory auditor was Mark Middleton FCA , for and on behalf of Affinia (Orpington) .

11. Related party transactions

The company is due £1,000,000 from Imperial Homes Tonbridge Limited. This balance relates to an inter-company loan which is unsecured and does not accrue interest. MSK Holdings Limited is related to Imperial Homes Tonbridge Limited by the virtue that both companies are under the common directorship of Mr A R Stone and Mr D J Guildford.

12. Parent company

The company's parent undertaking is MSK Southern Limited.

13. Ultimate parent company

The company's ultimate parent undertaking is Multi Services Holdings Limited. It has included the company in its consolidated financial statements, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.