Company Registration No. 08833014 (England and Wales)
Motcombe Land Investments Limited
Unaudited accounts
for the year ended 31 January 2023
Motcombe Land Investments Limited
Unaudited accounts
Contents
Motcombe Land Investments Limited
Statement of financial position
as at 31 January 2023
Tangible assets
1,806,184
1,224,532
Cash at bank and in hand
15,891
32,674
Creditors: amounts falling due within one year
(619,828)
(52,723)
Net current liabilities
(603,937)
(20,049)
Total assets less current liabilities
1,202,247
1,204,483
Creditors: amounts falling due after more than one year
(805,046)
(811,446)
Provisions for liabilities
Deferred tax
(38,365)
(38,365)
Net assets
358,836
354,672
Called up share capital
101
101
Revaluation reserve
201,918
201,918
Profit and loss account
156,817
152,653
Shareholders' funds
358,836
354,672
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by
R. Lever
Director
Company Registration No. 08833014
Motcombe Land Investments Limited
Notes to the Accounts
for the year ended 31 January 2023
Motcombe Land Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08833014. The registered office is 85 Great Portland Street, West Central, London, W1W 7LT, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
1,215,000
26,266
1,449
1,242,715
Additions
584,000
-
-
584,000
At 31 January 2023
1,799,000
26,266
1,449
1,826,715
At 1 February 2022
-
17,430
753
18,183
Charge for the year
-
2,209
139
2,348
At 31 January 2023
-
19,639
892
20,531
At 31 January 2023
1,799,000
6,627
557
1,806,184
At 31 January 2022
1,215,000
8,836
696
1,224,532
Motcombe Land Investments Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,400
6,400
Taxes and social security
6,805
9,004
Other creditors
1,609
1,610
Loans from directors
603,814
34,509
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
805,046
811,446
7
Transactions with related parties
At the year end the company owed £603,814 (2022 - £34,509) to the director of the company, in respect of an interest free loan which is repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).