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Company Registration No. 10991416 (England and Wales)
MS Property Ventrues Limited Unaudited accounts for the year ended 31 October 2025
MS Property Ventrues Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MS Property Ventrues Limited Company Information for the year ended 31 October 2025
Director
M Spence
Company Number
10991416 (England and Wales)
Registered Office
8 Hythe Close London N18 2PZ United Kingdom
Accountants
Russells Associates Limited 27 Old Gloucester Street London WC1N 3AX
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MS Property Ventrues Limited Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,040,000 
1,015,000 
Current assets
Cash at bank and in hand
1,480 
3,099 
Creditors: amounts falling due within one year
5
(19,272)
(16,365)
Net current liabilities
(17,792)
(13,266)
Total assets less current liabilities
1,022,208 
1,001,734 
Creditors: amounts falling due after more than one year
6
(958,126)
(954,010)
Provisions for liabilities
Deferred tax
7
(15,294)
(10,544)
Net assets
48,788 
37,180 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
48,787 
37,179 
Shareholders' funds
48,788 
37,180 
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2026 and were signed on its behalf by
M Spence Director Company Registration No. 10991416
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MS Property Ventrues Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
MS Property Ventrues Limited is a private company, limited by shares, registered in England and Wales, registration number 10991416. The registered office is 8 Hythe Close, London, N18 2PZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Transition to FRS 102
The company transitioned from FRS 105 to FRS 102 during the year. The transition date was 1 November 2024. On transition, investment property was remeasured from cost to fair value. Comparative figures have been restated accordingly.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2025 
£ 
Fair value at 1 November 2024
1,015,000 
Net gain from fair value adjustments
25,000 
At 31 October 2025
1,040,000 
Investment property is stated at fair value at each reporting date, with changes in fair value recognised in profit or loss. The fair value of the investment properties at 31 October 2025 was £1,040,000 (2024: £1,015,000). The valuations are based on market appraisals using comparable evidence.
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MS Property Ventrues Limited Notes to the Accounts for the year ended 31 October 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
11,472 
10,065 
Accruals
7,800 
6,300 
19,272 
16,365 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
660,260 
669,514 
Loans from directors
297,866 
284,496 
958,126 
954,010 
The following liabilities are secured by fixed charges on the company’s investment properties: Bank loans (secured on investment properties) - £656,884.24 (2024: £655,394.88) The bank loans are interest-only. The loans over two properties are repayable over a term of 420 months (35 years) from 2018. The loan over one other property is repayable over a term of 21 years from January 2024, carrying a fixed interest rate for the first 5 years of the term, reverting thereafter to a variable rate. The loans are secured by legal charges over the respective properties.
7
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
15,294 
10,544 
2025 
2024 
£ 
£ 
Provision at start of year
10,544 
- 
Charged to the profit and loss account
4,750 
10,544 
Provision at end of year
15,294 
10,544 
Deferred tax arises in respect of the revaluation of investment property to fair value. At 31 October 2025, the deferred tax liability was £15,294 (2024: £10,544).
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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