MSL Serviced Accommodation Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11854413 (England and Wales)

MSL SERVICED ACCOMMODATION LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MARCH 2019 TO 31ST MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Looker

REGISTERED OFFICE:

International House

10 Churchill Way

Cardiff

United Kingdom

CF10 2HE

REGISTERED NUMBER:

11854413 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

8,454

CURRENT ASSETS

Cash at bank

2,843

CREDITORS

Amounts falling due within one year

5

24,614

NET CURRENT LIABILITIES

(21,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,317

)

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

(13,318

)

SHAREHOLDERS' FUNDS

(13,317

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st September 2020 and were signed by:

M S Looker - Director

1.	STATUTORY INFORMATION

MSL Serviced Accommodation Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss,

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 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

11,272

At 31st March 2020

11,272

DEPRECIATION

Charge for period

2,818

At 31st March 2020

2,818

NET BOOK VALUE

At 31st March 2020

8,454

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

150

Directors' current accounts

24,464

24,614

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

7.	RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due to M S Looker of £24,464

8.	GOING CONCERN

At the balance sheet date, the company had net liabilities of £13,317. In light of this shareholders have

agreed to continue to support the company for the foreseeable future.

The directors have, therefore, prepared the financial statements on a going concern basis.

The financial statements do not reflect any adjustments that would be made if they were prepared on a

basis other than the going concern basis.