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Company Registration No. 14318140 (England and Wales)
MUSARUM LIMITED
Financial Statements
for the Period from 01 September 2024 to 31 August 2025

MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

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

Financial Statements for the period ending 31 August 2025

Company Information

Company Details
Company Number 14318140
Registered Office ABBEY HOUSE
51 HIGH STREET
SAFFRON WALDEN
CB10 1AF
Directors
Directors who held office during the period were:
MENELL, Peter, Dr   
Shelley Ann Catherine MENELL   
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Statement of Financial Position

1234567891011
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 358,070 327,052
Investment Properties 6 3,195,883 748,468
Current Assets
Debtors due 63,128 120,933
Cash at bank and in hand 107,225 43,828
170,353 164,761
Creditors
Amount falling due within one year (262,332) (267,309)
Net Current Assets (91,979) (102,548)
Total Assets less current liabilities 3,461,974 972,972
Creditors due after more than one year (3,763,672) (1,067,630)
Net Assets (301,698) (94,658)
Capital and Reserves
Called up Share Capital 1 1
Retained earnings at end of year (301,699) (94,659)
Shareholder funds (301,698) (94,658)
For the year ending 31/08/2025 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 31 May 2026
Shelley Menell
Company Registration No. 14318140
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

1. Statutory Information
MUSARUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14318140.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties, and in accordance with the provisions of FRS 102 Section 1A Small Entities. The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.The financial statements are presented in sterling (£), which is the functional currency of the company, and are rounded to the nearest pound.The financial statements have been prepared on a going concern basis. The company has a net deficit on its accounting profit and loss reserve due to non-cash fair value adjustments on investment properties during the period.However, the company continues to meet its day-to-day working capital requirements through rental income and ongoing financial support from its directors. The directors have confirmed that they will not seek repayment of their interest-free loan accounts for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and they continue to adopt the going concern basis of accounting.
Presentation Currency
The accounts are presented in £ sterling.
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

Tangible Fixed Asset Policy
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:Land & Buildings - 2.5% Straight LinePlant & Machinery - 20% Straight LineFixtures & Fittings - 20% Straight LineMotor Vehicles - 20% Straight Line
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

Deferred Tax
At the previous balance sheet date (31 August 2024), the company had an unrecorded potential deferred tax asset of £68,484 arising from unutilised capital allowances and brought-forward trading losses. This asset was not recognised in the prior period as the criteria for recognition under FRS 102 were not fully met due to uncertainty over short-term taxable profits.Following a review of the company's performance and generation of a trading profit during the current financial period of £42,966, the directors now assess that it is probable that future taxable profits will be available to utilise these balances. Consequently, the deferred tax asset has been fully recognised in the balance sheet this year, with the total movement of £60,320 credited to the profit and loss account.
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 0
2024 1
4. Principal Activity
Rental of Commercial and Residential Property and Workshops
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Motor Vehicles Fixtures and Fittings Total
Cost or valuation £ £ £ £ £
At 01/09/2024 47,862 206,367 - 154,702 408,931
Additions 20,320 22,676 36,555 1,580 81,131
At 31/08/2025 68,182 229,043 36,555 156,282 490,062
Depreciation
At 01/09/2024 17,572 37,529 - 26,778 81,879
Charge for the year 1,265 34,543 3,046 11,259 50,113
At 31/08/2025 18,837 72,072 3,046 38,037 131,992
Net Book Value
At 31/08/2025 49,345 156,971 33,509 118,245 358,070
At 31/08/2024 30,290 168,838 - 127,924 327,052
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MUSARUM LIMITED

Financial Statements for the period ending 31 August 2025

Notes to the Accounts

6. Investment Properties
2025 2024
£ £
Valuation at 01/09/2024 748,468 -
Additions 2,707,628 -
Disposals - -
Transfered (to)/from tangible fixed assets - 748,468
Fair Value adjustments (260,213) -
Valuation at 31/08/2025 3,195,883 748,468
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