Caseware UK (AP4) 2021.0.152 2021.0.152 2021-04-302021-04-30No description of principal activity2020-05-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04638324 2020-05-01 2021-04-30 04638324 2019-05-01 2020-04-30 04638324 2021-04-30 04638324 2020-04-30 04638324 2019-05-01 04638324 c:Director1 2020-05-01 2021-04-30 04638324 d:CurrentFinancialInstruments 2021-04-30 04638324 d:CurrentFinancialInstruments 2020-04-30 04638324 d:ShareCapital 2020-05-01 2021-04-30 04638324 d:ShareCapital 2021-04-30 04638324 d:ShareCapital 2019-05-01 2020-04-30 04638324 d:ShareCapital 2020-04-30 04638324 d:ShareCapital 2019-05-01 04638324 d:RetainedEarningsAccumulatedLosses 2020-05-01 2021-04-30 04638324 d:RetainedEarningsAccumulatedLosses 2021-04-30 04638324 d:RetainedEarningsAccumulatedLosses 2019-05-01 2020-04-30 04638324 d:RetainedEarningsAccumulatedLosses 2020-04-30 04638324 d:RetainedEarningsAccumulatedLosses 2019-05-01 04638324 c:OrdinaryShareClass1 2020-05-01 2021-04-30 04638324 c:OrdinaryShareClass1 2021-04-30 04638324 c:OrdinaryShareClass1 2020-04-30 04638324 c:OrdinaryShareClass2 2020-05-01 2021-04-30 04638324 c:OrdinaryShareClass2 2021-04-30 04638324 c:OrdinaryShareClass2 2020-04-30 04638324 c:OrdinaryShareClass3 2020-05-01 2021-04-30 04638324 c:OrdinaryShareClass3 2021-04-30 04638324 c:OrdinaryShareClass3 2020-04-30 04638324 c:OrdinaryShareClass4 2020-05-01 2021-04-30 04638324 c:OrdinaryShareClass4 2021-04-30 04638324 c:OrdinaryShareClass4 2020-04-30 04638324 c:FRS102 2020-05-01 2021-04-30 04638324 c:Audited 2020-05-01 2021-04-30 04638324 c:FullAccounts 2020-05-01 2021-04-30 04638324 c:PrivateLimitedCompanyLtd 2020-05-01 2021-04-30 04638324 c:SmallCompaniesRegimeForAccounts 2020-05-01 2021-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04638324










MOREGROVE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED APRIL 30, 2021

 
MOREGROVE LIMITED
REGISTERED NUMBER: 04638324

BALANCE SHEET
AS AT APRIL 30, 2021

2021
2020
Note
£
£

  

Fixed assets
  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,342
6,342

Creditors: amounts falling due within one year
 5 
(11,307)
(11,265)

Net current liabilities
  
 
 
(4,965)
 
 
(4,923)

  

  

  

Net liabilities
  
(4,965)
(4,923)


Capital and reserves
  

Called up share capital 
 6 
117
117

Profit and loss account
  
(5,082)
(5,040)

  
(4,965)
(4,923)


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on June 28, 2022.




................................................
P Gray
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
MOREGROVE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED APRIL 30, 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At May 1, 2020
117
(5,040)
(4,923)


Comprehensive income for the year

Loss for the year

-
(42)
(42)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(42)
(42)


Total transactions with owners
-
-
-


At April 30, 2021
117
(5,082)
(4,965)


The notes on pages 3 to 5 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED APRIL 30, 2020


Called up share capital
Profit and loss account
Total equity

£
£
£

At May 1, 2019
117
(4,968)
(4,851)


Comprehensive income for the year

Loss for the year

-
(72)
(72)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(72)
(72)


Total transactions with owners
-
-
-


At April 30, 2020
117
(5,040)
(4,923)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MOREGROVE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED APRIL 30, 2021

1.


General information

Moregrove Limited is a private limited company incorporated in England and Wales. The Company's registered office is Chace Court, Thorne, Doncaster, DN8 4BW. The Company's registration number is 04638324. The company has not traded during the year. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling and rounded to the nearest pound. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors believe that the Company's financial statements should be prepared on a going concern basis and have considered a period of twelve months from the date of approval of these financial statements.
Whilst the Company continues to trade profitably the Group by which it is owned is reliant on the continued support of the Bank, which has a cross corporate charge across all Group entities.
Since March 2020, the outbreak of Covid 19 had a significant effect on the global economy and the Group's performance, leading to a number of breaches of covenant on the Group's bank facilities. The Group also continues to have significant deferred liabilities with HMRC. The Group has continued to trade following the sale of key assets and support from it's Bankers but there's no guarantee this support will continue for the foreseeable future. 
After reviewing the Group's forecasts and projections, the directors have a reasonable expectation that the Group will show increased profitability going forward which will allow the deferred liabilities to be cleared and allow the Group to continue in operational existence for the foreseeable future. These forecasts however also show the Group has a short term funding requirement that will need to be met by further support from either the Bank, the owners, or new investors. 
Subsequent to the year end the shareholders have accepted an offer to sell the majority of the group to new investors, which should allow the bank indebtedness to be cleared and alleviate any concerns over the short term cashflow requirement. Based on this the Directors continue to adopt the going concern basis in preparing the Companies financial statements however acknowledge there is material uncertainty around this relating to factors outside of it's control and in particular if it doesn't receive the support required from it's Bank, HMRC and the new investors. 

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
MOREGROVE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED APRIL 30, 2021

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).


4.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
6,342
6,342



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
114
72

Trade creditors
6,499
6,499

Other taxation and social security
3,694
3,694

Accruals and deferred income
1,000
1,000

11,307
11,265



6.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) A shares of £1.00 each
100
100
11 (2020 - 11) B shares of £1.00 each
11
11
5 (2020 - 5) C shares of £1.00 each
5
5
1 (2020 - 1) D share of £1.00
1
1

117

117



7.


Controlling party

The Company’s immediate parent company is MPS Care Limited by virtue of owning the entire issued share capital of the Company. The Company’s ultimate parent company is MPS Care Group Limited. The ultimate controlling party is P Gray by virtue of owning the entire issued share capital of MPS Care Group Limited. 

Page 4

 
MOREGROVE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED APRIL 30, 2021

8.


Auditors' information

The auditors' report on the financial statements for the year ended April 30, 2021 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 in the financial statements, which indicates that the uncertainty around the support if the Group’s bank and the ongoing consequences of COVID 19. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 1 July 2022 by James Delve (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.

Page 5