MS2 Investment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10047566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

MS2 INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Saier

M Stephenson

SECRETARY:

M Stephenson

REGISTERED OFFICE:

Riverside/Tree Lea

Sixteen Foot Bank

Stonea

March

PE15 0DX

REGISTERED NUMBER:

10047566 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Investment property

4

252,810

253,316

CURRENT ASSETS

Cash at bank

3,356

314

CREDITORS

Amounts falling due within one year

5

(167,953

)

(153,832

)

NET CURRENT LIABILITIES

(164,597

)

(153,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,213

99,798

CREDITORS

Amounts falling due after more than one year

6

(120,000

)

(120,000

)

NET LIABILITIES

(31,787

)

(20,202

)

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

(31,791

)

(20,206

)

SHAREHOLDERS' FUNDS

(31,787

)

(20,202

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2018 and were signed on its behalf by:

M Stephenson - Director

1.	STATUTORY INFORMATION

MS2 Investment 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date liabilities exceeded assets by £31,787. The financial statements have been prepared on

a going concern basis as the company continues to receive the support of the director where required to ensure it

meets all liabilities as they fall due.

Turnover

Turnover represents the gross rent paid or receivable from tenants during the financial year. The company is not

registered for VAT.

Investment property

Investment properties are valued at their fair value. Fair value has been determined by reviewing other similar

property listings in the local area. Where such listings are not available management will make a reasonable

estimate based upon their knowledge of the local area.

No third party valuation will be undertaken unless otherwise disclosed.

As at the current balance sheet date estimated values of property had not differed significantly from historical

cost. Therefore the fair value is assumed to be equal to that of the original property purchase plus repairs made to

make the properties habitable.

Deferred tax

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of gains

and losses in the accounts and their recognition for tax purposes.

Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

253,823

DEPRECIATION

At 1 April 2017

507

Charge for year

506

At 31 March 2018

1,013

NET BOOK VALUE

At 31 March 2018

252,810

At 31 March 2017

253,316

Included within investment properties are improvements to the sum of £7,600. Theses items are considered

separable from the investment property and as such have been depreciated over 15 years. During the financial

year appreciation of £507 was charge to the profit and loss.

Other repairs made to the properties to make them rentable where appropriate have been included within the cost

of the properties.

A true and fair override has been made in the preparation of the financial statements. The Companies Act 2006

requires property to be depreciated over its estimated useful life. The departure form the act gives a true and fair

view of the company and is in accordance with FRS102 section 16.8.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

659

-

Other creditors

167,294

153,832

167,953

153,832

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

120,000

120,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

4

Ordinary

£1

4

4

8.	RELATED PARTY DISCLOSURES

At the balance sheet date £166,633.36 was owed to the directors. The amount is repayable on demand, bears no

interest and is disclosed within other creditors.