0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 402,842 3,524 406,366 406,366 402,842 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 09190342 2022-02-01 2023-01-31 09190342 2023-01-31 09190342 2022-01-31 09190342 2021-02-01 2022-01-31 09190342 2022-01-31 09190342 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 09190342 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 09190342 bus:Director1 2022-02-01 2023-01-31 09190342 core:WithinOneYear 2023-01-31 09190342 core:WithinOneYear 2022-01-31 09190342 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09190342 core:ShareCapital 2023-01-31 09190342 core:ShareCapital 2022-01-31 09190342 core:RetainedEarningsAccumulatedLosses 2023-01-31 09190342 core:RetainedEarningsAccumulatedLosses 2022-01-31 09190342 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 09190342 core:Non-currentFinancialInstruments 2023-01-31 09190342 core:Non-currentFinancialInstruments 2022-01-31 09190342 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 09190342 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 09190342 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-31 09190342 bus:SmallEntities 2022-02-01 2023-01-31 09190342 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09190342 bus:FullAccounts 2022-02-01 2023-01-31 09190342 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09190342 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09190342 bus:OrdinaryShareClass1 2023-01-31 09190342 bus:OrdinaryShareClass1 2022-01-31 09190342 bus:OrdinaryShareClass2 2023-01-31 09190342 bus:OrdinaryShareClass2 2022-01-31 09190342 bus:AllOrdinaryShares 2023-01-31 09190342 bus:AllOrdinaryShares 2022-01-31
COMPANY REGISTRATION NUMBER: 09190342
MODERNA MOTS PROPERTY HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
MODERNA MOTS PROPERTY HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
MODERNA MOTS PROPERTY HOLDINGS LIMITED
BALANCE SHEET
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
406,366
402,842
Investments
5
100
100
------------
------------
406,466
402,942
Current assets
Debtors
6
31,980
3,680
Cash at bank and in hand
334,207
313,465
------------
------------
366,187
317,145
Creditors: amounts falling due within one year
7
( 24,607)
( 35,407)
------------
------------
Net current assets
341,580
281,738
------------
------------
Total assets less current liabilities
748,046
684,680
------------
------------
Net assets
748,046
684,680
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
747,946
684,580
------------
------------
Shareholders funds
748,046
684,680
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 August 2023 , and are signed on behalf of the board by:
A N Watts Director
Company registration number: 09190342
MODERNA MOTS PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
The turnover shown in the accounts represents rents receivable for the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment properties
FRS 102 requires that properties held for investment be included in the balance sheet at fair value in accordance with section 16 of FRS 102. The director considers that to comply with this requirement would involve unjustifiable expense and investment properties are continuing to be stated at cost.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Freehold property
£
Cost
At 1 February 2022
402,842
Additions
3,524
------------
At 31 January 2023
406,366
------------
Depreciation
At 1 February 2022 and 31 January 2023
------------
Carrying amount
At 31 January 2023
406,366
------------
At 31 January 2022
402,842
------------
5. Investments
Shares in group undertakings
£
Cost
At 1 February 2022 and 31 January 2023
100
------------
Impairment
At 1 February 2022 and 31 January 2023
------------
Carrying amount
At 31 January 2023
100
------------
At 31 January 2022
100
------------
6. Debtors
2023
2022
£
£
Amounts owed by group undertakings
30,049
109
Prepayments and accrued income
1,931
3,571
------------
------------
31,980
3,680
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
3,563
3,479
Corporation tax
1,013
1,630
Director's loan account
20,031
30,298
------------
------------
24,607
35,407
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
50
50
50
50
'A' Ordinary shares of £ 1 each
50
50
50
50
------------
------------
------------
------------
100
100
100
100
------------
------------
------------
------------
9. Director's advances, credits and guarantees
Included in creditors is a loan from the director amounting to: £ Amount outstanding at end of year (creditor) 20,031 Amount outstanding at beginning of year (creditor) 30,298 Maximum outstanding during the year (debtor) 61,702 Interest is charged on the loan owed to the company at H M Revenue & Custom's official rate of interest. Interest charged for the year amounted to £389 (2022: £318).