MS2 Investment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10047566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MS2 INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Saier

M Stephenson

SECRETARY:

M Stephenson

REGISTERED OFFICE:

Riverside/Tree Lea

Sixteen Foot Bank

Stonea

March

PE15 0DX

REGISTERED NUMBER:

10047566 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

6,080

6,587

Investment property

6

311,400

246,223

317,480

252,810

CURRENT ASSETS

Cash at bank

2,480

3,356

CREDITORS

Amounts falling due within one year

7

(165,909

)

(167,953

)

NET CURRENT LIABILITIES

(163,429

)

(164,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

154,051

88,213

CREDITORS

Amounts falling due after more than one
year

8

(120,000

)

(120,000

)

PROVISIONS FOR LIABILITIES

(4,201

)

-

NET ASSETS/(LIABILITIES)

29,850

(31,787

)

CAPITAL AND RESERVES

Called up share capital

9

4

Retained earnings

29,846

(31,791

)

SHAREHOLDERS' FUNDS

29,850

(31,787

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf
by:

M Stephenson - Director

1.	STATUTORY INFORMATION

MS2 Investment Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover

Turnover represents the gross rent paid or receivable from tenants during the financial year. The company is

not registered for VAT.

Investment property

Investment properties are valued at their fair value. Fair value has been determined by reviewing other similar

property listings in the local area. Where such listings are not available management will make a reasonable

estimate based upon their knowledge of the local area.

No third party valuation will be undertaken unless otherwise disclosed.

Improvements to properties after the acquisition date are considered separable from the investment property

and as such have been depreciated over 15 years.

Deferred tax

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of

gains and losses in the accounts and their recognition for tax purposes.

Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - NIL ) .

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2018

and 31 March 2019

7,600

DEPRECIATION

At 1 April 2018

1,013

Charge for year

507

At 31 March 2019

1,520

NET BOOK VALUE

At 31 March 2019

6,080

At 31 March 2018

6,587

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

246,223

Revaluations

65,177

At 31 March 2019

311,400

NET BOOK VALUE

At 31 March 2019

311,400

At 31 March 2018

246,223

Repairs incurred on acquisition made to ensure the properties were in a suitable state to rent, where

appropriate have been included within the cost of the properties.

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

65,177

Cost

246,223

311,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

-

659

Other creditors

165,909

167,294

165,909

167,953

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

Other creditors

120,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

4

Ordinary

£1

4

10.	RELATED PARTY DISCLOSURES

At the balance sheet date £165,109 (2018: £166,633) was owed to the directors. The amount is repayable on

demand and is disclosed within other creditors.

MS2 Investment Limited - Accounts to registrar (filleted) - small 18.2

MS2 Investment Limited - Accounts to registrar (filleted) - small 18.2