MSN PROPERTY RENTALS LTD 31/10/2025 iXBRL

Company registration number: 16033094

MSN PROPERTY RENTALS LTD

Unaudited filleted financial statements

31 October 2025

MSN PROPERTY RENTALS LTD

Contents

Statement of financial position

Notes to the financial statements

MSN PROPERTY RENTALS LTD

Statement of financial position

31 October 2025

		31/10/25
	Note	£	£

Fixed assets
Tangible assets	4	149,981
		_______
			149,981

Current assets
Debtors	5	1,214
Cash at bank and in hand		2,209
		_______
		3,423
Creditors: amounts falling due
within one year	6	( 53,556)
		_______
Net current liabilities			( 50,133)
			_______
Total assets less current liabilities			99,848

Creditors: amounts falling due
after more than one year	7		( 105,020)
			_______
Net liabilities			( 5,172)
			_______

Capital and reserves
Called up share capital			6
Profit and loss account			( 5,178)
			_______
Shareholders deficit			( 5,172)
			_______

For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

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.

These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr Michael Nelson

Director

Company registration number: 16033094

MSN PROPERTY RENTALS LTD

Notes to the financial statements

Period ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is MSN Property Rentals Ltd, 8 Stonelea, Barkisland, Halifax, West Yorkshire, HX4 0HD.

2. Statement of compliance

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

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property	Total
	£	£
Cost
At 22 October 2024	-	-
Additions	149,981	149,981
	_______	_______
At 31 October 2025	149,981	149,981
	_______	_______
Depreciation
At 22 October 2024 and 31 October 2025	-	-
	_______	_______
Carrying amount
At 31 October 2025	149,981	149,981
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 22 October 2024	-
	Additions	149,981
		_______
	At 31 October 2025	149,981
		_______

5. Debtors

			31/10/25
			£
	Other debtors		1,214
			_______

6. Creditors: amounts falling due within one year

			31/10/25
			£
	Other creditors		53,556
			_______

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

			31/10/25
			£
	Bank loans and overdrafts		105,020
			_______

Bank loans are secured against the company's investment property. Aggregate amount of secured liabilities 2025: £105,020 (2024: £ - )

Included within creditors: amounts falling due after more than one year is an amount of £ 105,020 (2024 £ - ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

			31/10/25
			£
	Included in debtors (note 5)		1,214
			_______

The deferred tax account consists of the tax effect of timing differences in respect of:

			31/10/25
			£
	Unused tax losses		1,214
			_______

9. Directors advances, credits and guarantees

	During the period the directors entered into the following advances and credits with the company:

Period ended 31/10/25
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Michael Nelson	-	( 52,059)	( 52,059)
		_______	_______	_______

Credits on directors' accounts are provided to the company unsecured, interest free and are repayable on demand.