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Registration number: 12673385

Moon Tree Capel Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2022

 

Moon Tree Capel Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

Moon Tree Capel Limited

Company Information

Directors

A M Boggis

R Boggis

O M Boggis

Registered office

Moon Tree Wallage Lane
Rowfant
Crawley
West Sussex
RH10 4NJ

Accountants

Harmer Slater Limited
19 Salatin House
Cedar Road
Sutton
Surrey
SM2 5DA

 

Moon Tree Capel Limited

(Registration number: 12673385)
Statement of Financial Position as at 30 June 2022

Note

2022
£

2021
£

Current assets

 

Inventories

4

-

935,253

Receivables

5

5,604

2

Cash at bank and in hand

 

256,879

3,443

 

262,483

938,698

Payables: Amounts falling due within one year

6

(54,408)

(9,950)

Total assets less current liabilities

 

208,075

928,748

Payables Amounts falling due after more than one year

6

-

(929,741)

Net assets/(liabilities)

 

208,075

(993)

Equity

 

Called up share capital

7

60

60

Retained earnings

208,015

(1,053)

Total equity

 

208,075

(993)

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

The financial statements of Moon Tree Capel Limited were approved and authorised for issue by the Board on 5 September 2022 and signed on its behalf by:
 

.........................................

A M Boggis
Director

 

Moon Tree Capel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022

1

General information

Moon Tree Capel Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have considered the ongoing effects of COVID-19 on the company's operations and the financial projections for the company and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Revenue is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Moon Tree Capel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and cash at bank.

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, inventories are assessed for impairment. If inventories are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Moon Tree Capel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Inventories

2022
£

2021
£

Work in progress

-

935,253

5

Receivables

2022
£

2021
£

Other receivables

5,604

2

5,604

2

 

Moon Tree Capel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2022 (continued)

6

Payables

2022
£

2021
£

Due within one year

Loans and borrowings

1,000

-

Corporation tax

51,608

-

Other payables

-

8,950

Accruals

1,800

1,000

54,408

9,950

Due after one year

Loans and borrowings

-

929,741

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

60

60

60

60

         


Reserves
The retained earnings reserve represents cumulative profits or losses net of dividends paid and other adjustments.