Company Registration No. 00580754 (England and Wales)
Musters Court Limited
Unaudited accounts
for the year ended 31 March 2026
Musters Court Limited
Unaudited accounts
Contents
Musters Court Limited
Company Information
for the year ended 31 March 2026
Directors
S E Dawson
Dr J F Challands
V J Challands
Company Number
00580754 (England and Wales)
Registered Office
6 Raphael Drive
Thames Ditton
Surrey
KT7 0BL
England
Accountants
Hybrid Premium LTD
2-4 Stoneleigh Park Road
Stoneleigh
Epsom
Surrey
KT19 0QT
Musters Court Limited
Statement of financial position
as at 31 March 2026
Investment property
1,900,000
1,900,000
Cash at bank and in hand
16,216
17,760
Creditors: amounts falling due within one year
(21,620)
(18,692)
Net current assets
22,881
24,429
Total assets less current liabilities
1,923,116
1,924,706
Provisions for liabilities
Deferred tax
(363,176)
(363,170)
Net assets
1,559,940
1,561,536
Called up share capital
200
200
Profit and loss account
1,559,740
1,561,336
Shareholders' funds
1,559,940
1,561,536
For the year ending 31 March 2026 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 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 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 of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by
S E Dawson
Director
Company Registration No. 00580754
Musters Court Limited
Notes to the Accounts
for the year ended 31 March 2026
Musters Court Limited is a private company, limited by shares, registered in England and Wales, registration number 00580754. The registered office is 6 Raphael Drive, Thames Ditton, Surrey, KT7 0BL, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing Balance
Turnover represents rental income from Investment properties.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Musters Court Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2025
1,900,000
At 31 March 2026
1,900,000
Investment property valuation
Investment properties are measured at fair value in accordance with FRS 102.
The properties were valued at £1,900,000 as at 31 March 2026, based on an external estate agent's valuation. The directors have assessed the comparative valuation and consider that there was no material change in fair value between 31 March 2025 and 31 March 2026.
Accordingly, no fair value gain or loss has been recognised in the current financial year. The comparative figures have been restated as detailed in the prior-period adjustment disclosure on page 6.
Amounts falling due within one year
Trade debtors
19,005
17,359
Accrued income and prepayments
9,280
8,002
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
10,564
10,973
Other creditors
2,201
2,200
Deferred income
5,291
4,969
Musters Court Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Deferred taxation
2026
2025
Accelerated capital allowances
59
53
Revaluation of investment property
363,117
363,117
Provision at start of year
363,170
363,179
Charged/(credited) to the profit and loss account
6
(9)
Provision at end of year
363,176
363,170
Deferred tax has been recognised in respect of the difference between the fair value and estimated tax base of the investment properties, using the corporation tax rate of 25%.
The calculation does not include any corporation tax indexation allowance arising up to December 2017. The directors have considered the potential effect of indexation in determining the deferred tax provision.
9
Transactions with related parties
During the year, dividends totalling £45,000 (2025: £45,740) were paid to the directors and their immediate family members.
The company is controlled by its directors, who collectively own the entire issued share capital of the company.
11
Average number of employees
During the year the average number of employees was 0 (2025: 0).