MSV Properties Ltd - Limited company - abbreviated - 11.6

MSV Properties Ltd - Limited company - abbreviated - 11.6

MSV ENGINEERING LIMITED - Company Information

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REGISTERED NUMBER: 07760521 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

MSV PROPERTIES LTD

MSV PROPERTIES LTD (REGISTERED NUMBER: 07760521)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MSV PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTORS: Mrs V Bell
Mr S M Bell
Mr M C Bell





SECRETARY: Mr S M Bell





REGISTERED OFFICE: 2 Jordan Street
Manchester
M15 4PY





REGISTERED NUMBER: 07760521 (England and Wales)





ACCOUNTANTS: Christian Douglass LLP
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY
Page 1
MSV PROPERTIES LTD (REGISTERED NUMBER: 07760521)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

30.9.14 30.9.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 58,000 58,000
Investment property 3 145,000 88,950
203,000 146,950

CURRENT ASSETS
Debtors 66 327
Cash at bank 342 2,343
408 2,670
CREDITORS
Amounts falling due within one year 29,995 32,743
NET CURRENT LIABILITIES (29,587 ) (30,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
173,413
116,877

CREDITORS
Amounts falling due after more than one
year
108,958
107,056
NET ASSETS 64,455 9,821

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 56,050 -
Profit and loss account 8,305 9,721
SHAREHOLDERS' FUNDS 64,455 9,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 March 2015 and were signed on its behalf by:





Mrs V Bell - Director


The notes form part of these abbreviated accounts

Page 2
MSV PROPERTIES LTD (REGISTERED NUMBER: 07760521)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company had net current liabilities at the balance sheet date amounting to £29,587 (2013: £30,073). On the
basis of their continued financial support, the directors are satisfied that the going concern basis of preparation
of the financial statements is appropriate.

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Freehold land - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Investment properties are included in the balance sheet at their existing use open market value. Depreciation is
not provided in respect of investment properties. Although this accounting policy is in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general
requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors
compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation
or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might
otherwise have been charged cannot be separately identified or quantified.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 58,000
NET BOOK VALUE
At 30 September 2014 58,000
At 30 September 2013 58,000

Page 3 continued...
MSV PROPERTIES LTD (REGISTERED NUMBER: 07760521)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2013 90,000
Revaluations 55,000
At 30 September 2014 145,000
DEPRECIATION
At 1 October 2013 1,050
Charge written back (1,050 )
At 30 September 2014 -
NET BOOK VALUE
At 30 September 2014 145,000
At 30 September 2013 88,950

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.14 30.9.13
value: £    £   
100 Ordinary £1 100 100

Page 4