Munro Business Park Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11342031 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020

FOR

MUNRO BUSINESS PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I R Munro

Mrs J E Munro

REGISTERED OFFICE:

3 & 4 Pegasus House

Pegasus Court, Olympus Avenue

Warwick

CV34 6LW

REGISTERED NUMBER:

11342031 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

528,193

-

CURRENT ASSETS

Debtors

5

6,760

100

Cash at bank

10,056

-

16,816

100

CREDITORS

Amounts falling due within one year

6

162,446

-

NET CURRENT (LIABILITIES)/ASSETS

(145,630

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

382,563

100

CREDITORS

Amounts falling due after more than one year

7

351,451

-

NET ASSETS

31,112

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,012

-

SHAREHOLDERS' FUNDS

31,112

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2020 and were signed on its behalf by:

Mrs J E Munro - Director

1.	STATUTORY INFORMATION

Munro Business Park 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

528,193

At 30 June 2020

528,193

NET BOOK VALUE

At 30 June 2020

528,193

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

6,660

-

Other debtors

100

100

6,760

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

19,477

-

Trade creditors

607

-

Taxation and social security

9,533

-

Other creditors

132,829

-

162,446

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

351,451

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

263,505

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

370,928

-

The bank loan is secured by a fixed and a floating charge (floating charge covers all the property or

undertaking of the company).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.