Company Registration No. 3843516 (England and Wales)
Musketeer Investments Limited
Unaudited accounts
for the year ended 1 March 2017
Musketeer Investments Limited
Unaudited accounts
Contents
Musketeer Investments Limited
Company Information
for the year ended 1 March 2017
Company Number
3843516 (England and Wales)
Registered Office
Elm Grove House
Parkgate Road
Neston
Wirral
CH64 6QG
Musketeer Investments Limited
Statement of financial position
as at 1 March 2017
Tangible assets
1,581,500
1,581,500
Cash at bank and in hand
6,450
-
Creditors: amounts falling due within one year
(115,584)
(134,109)
Net current liabilities
(103,209)
(123,609)
Total assets less current liabilities
1,478,291
1,457,891
Creditors: amounts falling due after more than one year
(432,593)
(479,983)
Net assets
1,045,698
977,908
Called up share capital
3,000
3,000
Revaluation reserve
621,887
621,887
Profit and loss account
420,811
353,021
Shareholders' funds
1,045,698
977,908
For the year ending 1 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 December 2017.
I D Black
Director
Company Registration No. 3843516
Musketeer Investments Limited
Notes to the Accounts
for the year ended 1 March 2017
Musketeer Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 3843516. The registered office is Elm Grove House, Parkgate Road, Neston, Wirral, CH64 6QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 1 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 2 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
At director's valuation
4
Tangible fixed assets
Land & buildings
Trade debtors
5,925
10,500
Musketeer Investments Limited
Notes to the Accounts
for the year ended 1 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
56,013
82,909
Taxes and social security
16,948
15,483
Other creditors
15,206
15,857
Loans from directors
-
6,000
Deferred income
27,417
13,860
7
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
207,458
263,815
Other creditors
225,135
216,168
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
