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Company Registration No. 10884894 (England and Wales)
S A MUNRO LIMITED
Financial Statements
for the Period from 01 April 2024 to 31 March 2025

S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Company Information

Company Details
Company Number 10884894
Registered Office 29 KINGSDALE ROAD KINGSDALE ROAD
LIVERPOOL
L18 1LD
Directors
Directors who held office during the period were:
Sarra Avril MUNRO   
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Statement of Financial Position

123456789
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 266,699 261,400
Current Assets
Debtors due 6 476 456
Cash at bank and in hand 13,517 3,753
13,993 4,209
Creditors
Amount falling due within one year 7 (92,798) (104,612)
Net Current Assets (78,805) (100,403)
Total Assets less current liabilities 187,894 160,997
Creditors due after more than one year 8 (180,000) (180,000)
Net Assets 7,894 (19,003)
Capital and Reserves
Called up Share Capital 100 100
Retained earnings at end of year 7,794 (19,103)
Shareholder funds 7,894 (19,003)
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 30 May 2026
S A Munro
Company Registration No. 10884894
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

1. Statutory Information
S A MUNRO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10884894.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There was no material departures from that standard.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Tangible Fixed Asset Policy
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Land & Building - NilPlant & Machinery - 20% reducing balanceFixtures & Fittings - 15% reducing balanceLand & Buildings:Included in tangible fixed assets, under 'land & buildings' is a property used by the company as commercial furnished let. This property is let on a commercial basis, is fully managed, and is not deemed an investment property.This property is not held at 'fair value', nor is it revalued. However, the trading activity is reviewed on annual basis to determine whether the use of the property should be more appropriately classified as 'investment property'.
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Deferred Tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 1
2024 1
4. Principal Activity
The principal activity of the company was the provision of furnished holiday accommodation on a commercial basis, including the management, upkeep and improvement of the property used in the trade.
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Fixtures and Fittings Total
Cost or valuation £ £ £ £
At 01/04/2024 245,670 12,646 11,779 270,095
Additions 7,747 325 - 8,072
At 31/03/2025 253,417 12,971 11,779 278,167
Depreciation
At 01/04/2024 - 4,211 4,484 8,695
Charge for the year - 1,314 1,459 2,773
At 31/03/2025 - 5,525 5,943 11,468
Net Book Value
At 31/03/2025 253,417 7,446 5,836 266,699
At 31/03/2024 245,670 8,435 7,295 261,400
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

6. Debtors
2025 2024
£ £
Prepayment and accrued income 476 456
476 456
7. Creditors: amount falling due within one year
2025 2024
£ £
Bank Loans and other overdrafts 42,184 42,355
Trade Creditors - 611
Other Creditors 30,060 35,410
Accruals and deferred income 20,554 26,236
92,798 104,612
Creditors Due within one year
As part of the "Creditors - amounts falling due within one year" includes the following:Directors Loan Account : £42184Inter-company for Tender Success Limited: £ 30,060Accrued interest for DLA loan at 3%
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

8. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts 180,000 180,000
180,000 180,000
Creditors Due after one year
Included in the "Creditors - amounts falling due after more than one year" is a loan of £180,000 provided by the director of the company. This loan is agreed on an interest-only basis for a period of 5 years from the 1st March 2019 , at a rate of 3.0% over the Bank of England Base Rate, however, a temporary interest free period has been allowed. The loan is unsecured.
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S A MUNRO LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

9. Additional Notes
Transactions with related parties-----------------------------------------At the year-end, a balance of £180,000 (£180,000 :2024) included in Director's Loans - Amounts due after one year was owed to the director. The loan was used to finance the purchase of the commercial property for furnished let. The loan is unsecured, is agreed on interest-only basis for a period 10 years ( from 1st March 2019 - extended 1st March 2025) and incurs of interest charged is 3% above the prevailing Bank of England base rate of interest. A temporary interest-free period was allowed (01/04/2022 - 31/03/2025.
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