MSMK Holdings Ltd - Accounts to registrar (filleted) - small 18.2

MSMK Holdings Ltd - Accounts to registrar (filleted) - small 18.2

MSMK HOLDINGS LTD - Company Information

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REGISTERED NUMBER: 11549364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

MSMK HOLDINGS LTD
D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG








MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MSMK HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mrs S Owen
M B Owen





REGISTERED OFFICE: 1 Oswald Road
Oswestry
Shropshire
SY11 1RB





REGISTERED NUMBER: 11549364 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG
Page 1
MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)

BALANCE SHEET
30 SEPTEMBER 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 925,647 450,000

CURRENT ASSETS
Cash at bank 2,078 4,069

CREDITORS
Amounts falling due within one year 5 109,057 107,611
NET CURRENT LIABILITIES (106,979 ) (103,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
818,668
346,458

CREDITORS
Amounts falling due after more than one
year
6
(191,829
)
(199,888
)

PROVISIONS FOR LIABILITIES (40,312 ) (26,062 )
NET ASSETS 586,527 120,508

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 571,859 111,109
Retained earnings 14,568 9,299
586,527 120,508

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 notes form part of these financial statements

Page 2 continued...
MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)

BALANCE SHEET - continued
30 SEPTEMBER 2021


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 22 December 2021 and were signed on its behalf by:





M B Owen - Director


The notes form part of these financial statements

Page 3
MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

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

Freehold property - is revalued by the directors at the end of each financial period

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.

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 year 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 year was NIL (2020 - NIL).

Page 4 continued...
MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2020 450,000
Additions 647
Revaluations 475,000
At 30 September 2021 925,647
NET BOOK VALUE
At 30 September 2021 925,647
At 30 September 2020 450,000

Cost or valuation at 30 September 2021 is represented by:

Land and
buildings
£   
Valuation in 2021 475,000
Valuation in 2019 137,171
Cost 313,476
925,647

The freehold property is shown at fair value as determined by the directors. Any aggregate surplus
or deficit arising from changes in fair value is recognised in reserves.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts 7,539 7,018
Taxation and social security 1,236 2,234
Other creditors 100,282 98,359
109,057 107,611

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.21 30.9.20
£    £   
Bank loans 191,829 199,888

7. SECURED DEBTS

A mortgage debenture is held by National Westminster Bank as a fixed and floating charge over its finance facility. The total liability outstanding at the period end was £199,368 (2020:£206,906).

8. RELATED PARTY DISCLOSURES

The directors have gifted a property with a market value of £400,000 to the Company in the year ended 30
September 2021.

Page 5 continued...
MSMK HOLDINGS LTD (REGISTERED NUMBER: 11549364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. RESERVES

Included in retained earnings is £571,859 (2020: £111,109) of profits which are not available for distribution as they are unrealised gains on revaluations.

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MSMK HOLDINGS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MSMK Holdings Ltd for the year ended 30 September 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MSMK Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MSMK Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of MSMK Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSMK Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MSMK Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MSMK Holdings Ltd. You consider that MSMK Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MSMK Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG


22 December 2021

This page does not form part of the statutory financial statements

Page 7