REGISTERED NUMBER: 12912859 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2026

FOR

MSFA INVESTMENTS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Allard

Mrs S D Allard

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

Birmingham

West Midlands

B15 1TH

REGISTERED NUMBER:

12912859 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Starling Bank

2 Finsbury Avenue

London

EC2M 2PP

INCORPORATED:

29th September 2020

FIXED ASSETS

Investments

4

5,530

5,530

Investment property

5

2,210,000

1,705,000

2,215,530

1,710,530

CURRENT ASSETS

Debtors

15,667

11,795

Cash at bank

23,141

120,072

38,808

131,867

CREDITORS

Amounts falling due within one year

6,943

5,199

NET CURRENT ASSETS

31,865

126,668

TOTAL ASSETS LESS CURRENT LIABILITIES

2,247,395

1,837,198

CREDITORS

Amounts falling due after more than one year

6

(1,309,702

)

(1,041,538

)

PROVISIONS FOR LIABILITIES

9

(79,379

)

(59,845

)

NET ASSETS

858,314

735,815

CAPITAL AND RESERVES

Called up share capital

10

100

100

Undistributable revenue

reserve

238,269

183,401

Retained earnings

619,945

552,314

SHAREHOLDERS' FUNDS

858,314

735,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 16th June 2026 and were signed on its behalf by:

Mr M J Allard - Director

1.	STATUTORY INFORMATION

MSFA Investments Ltd 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 and value added tax. Renal income is recognised in revenue based on tenancy agreements not when consideration is received. The balance of consideration received in excess of tenancy agreements is then carried forward in deferred income.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Investments in shares

Investments in shares are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st May 2025

and 30th April 2026

5,530

NET BOOK VALUE

At 30th April 2026

5,530

At 30th April 2025

5,530

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2025

1,705,000

Additions

430,599

Revaluations

74,401

At 30th April 2026

2,210,000

NET BOOK VALUE

At 30th April 2026

2,210,000

At 30th April 2025

1,705,000

Fair value at 30th April 2026 is represented by:

£

Valuation in 2021

19,483

Valuation in 2022

62,610

Valuation in 2023

84,246

Valuation in 2024

36,403

Valuation in 2025

40,504

Valuation in 2026

74,401

Cost

1,892,353

2,210,000

In the directors' opinion the current carrying value of investment properties is reflective of the current market values.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30/4/26

30/4/25

£

£

Repayable otherwise than by instalments

Mortgages

1,309,702

1,041,538

7.

LOANS

An analysis of the maturity of loans is given below:

30/4/26

30/4/25

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

1,309,702

1,041,538

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/26

30/4/25

£

£

Mortgages

1,309,702

1,041,538

There are fixed charges over the company in relation to each mortgage which are secured against each investment property.

9.	PROVISIONS FOR LIABILITIES

30/4/26

30/4/25

£

£

Deferred tax

79,379

59,845

Deferred

tax

£

Balance at 1st May 2025

59,845

Provided during year

19,534

Balance at 30th April 2026

79,379

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/26

30/4/25

value:

£

£

80

Ordinary A

£1

80

80

20

Ordinary B

£1

20

20

100

100