Musa & Co Holdings Ltd - Filleted accounts

Registered number

15630243

Musa & Co Holdings Ltd

Filleted Accounts

31 March 2026

Musa & Co Holdings Ltd
Registered number:		15630243
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,988			-
Investments	4		270			270
			4,258			270

Current assets
Debtors	5	585,000			355,000
Cash at bank and in hand		124,246			85,138
		709,246			440,138

Creditors: amounts falling due within one year	6	(546,022)			(389,820)

Net current assets			163,224			50,318

Total assets less current liabilities			167,482			50,588


Provisions for liabilities			(956)			-


Net assets			166,526			50,588

Capital and reserves
Called up share capital			300			300
Profit and loss account			166,226			50,288

Shareholder's funds			166,526			50,588

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Musa
Director
Approved by the board on 20 April 2026

Musa & Co Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of finance loans upon which interest is charged. Interest is recognised in the accounts once it is received by the company in order that it fully reflects the risk of recovery and potential bad debts.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment, fixtures and fittings	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Office equipment, fixtures & fittings
£
	Cost
	Additions				4,423
	At 31 March 2026				4,423

	Depreciation
	Charge for the year				435
	At 31 March 2026				435

	Net book value
	At 31 March 2026				3,988


4	Investments

Other
investments
£
	Cost
	At 1 April 2025				270

	At 31 March 2026				270

	Historical cost
	At 1 April 2025				270
	At 31 March 2026				270



5	Debtors		2026		2025
£				£

	Other debtors		585,000		355,000


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		35,490		15,636
	Directors loan account		509,716		374,184
	Accruals		816		-
			546,022		389,820


7	Related party transactions

	A loan was provided to a company in which it holds a 20% shareholding. A commercial rate of interest was charged and is recognised in turnover. The loan amount outstanding at the balance sheet date was £585,000 (2025: £355,000).


8	Controlling party

	The company is under the control of Mr S Musa by virtue of his 100% shareholding.


9	Other information

	Musa & Co Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	252 Garstang Road
	Fulwood
	Preston
	PR2 9QB