MBS Property Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09089379 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2021

for

MBS Property Consultants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Barclay Smith

REGISTERED OFFICE:

91A Brondesbury Villas

London

NW6 6AG

REGISTERED NUMBER:

09089379 (England and Wales)

ACCOUNTANTS:

Ratnam & Co

203 Kilburn High Road

London

London

NW67HY

FIXED ASSETS

Tangible assets

4

499

666

CURRENT ASSETS

Debtors

5

6,200

2,100

Cash at bank

4,739

14,710

10,939

16,810

CREDITORS

Amounts falling due within one year

6

22,070

9,625

NET CURRENT (LIABILITIES)/ASSETS

(11,131

)

7,185

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,632

)

7,851

CREDITORS

Amounts falling due after more than one year

7

19,645

20,000

NET LIABILITIES

(30,277

)

(12,149

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(31,277

)

(13,149

)

SHAREHOLDERS' FUNDS

(30,277

)

(12,149

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21st March 2022 and were signed by:

M Barclay Smith - Director

1.	STATUTORY INFORMATION

MBS Property Consultants 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.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st July 2020

and 30th June 2021

500

3,075

3,575

DEPRECIATION

At 1st July 2020

381

2,528

2,909

Charge for year

30

137

167

At 30th June 2021

411

2,665

3,076

NET BOOK VALUE

At 30th June 2021

89

410

499

At 30th June 2020

119

547

666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

6,200

2,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

4,355

4,280

Social security and other taxes

-

502

Directors' current accounts

15,056

3,043

Accrued expenses

2,659

1,800

22,070

9,625

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

19,645

20,000