Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-01falseNo description of principal activity33truetrue 05073036 2022-02-01 2023-01-31 05073036 2021-02-01 2022-01-31 05073036 2023-01-31 05073036 2022-01-31 05073036 c:Director5 2022-02-01 2023-01-31 05073036 d:Buildings 2022-02-01 2023-01-31 05073036 d:Buildings 2023-01-31 05073036 d:Buildings 2022-01-31 05073036 d:Buildings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 05073036 d:FurnitureFittings 2022-02-01 2023-01-31 05073036 d:FurnitureFittings 2023-01-31 05073036 d:FurnitureFittings 2022-01-31 05073036 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 05073036 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 05073036 d:CurrentFinancialInstruments 2023-01-31 05073036 d:CurrentFinancialInstruments 2022-01-31 05073036 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05073036 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 05073036 d:UKTax 2022-02-01 2023-01-31 05073036 d:UKTax 2021-02-01 2022-01-31 05073036 d:ShareCapital 2023-01-31 05073036 d:ShareCapital 2022-01-31 05073036 d:RetainedEarningsAccumulatedLosses 2023-01-31 05073036 d:RetainedEarningsAccumulatedLosses 2022-01-31 05073036 c:OrdinaryShareClass1 2022-02-01 2023-01-31 05073036 c:OrdinaryShareClass1 2023-01-31 05073036 c:OrdinaryShareClass1 2022-01-31 05073036 c:FRS102 2022-02-01 2023-01-31 05073036 c:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05073036 c:FullAccounts 2022-02-01 2023-01-31 05073036 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05073036










Mockbeggar Developments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2023

 
Mockbeggar Developments Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Mockbeggar Developments Limited for the Year Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mockbeggar Developments Limited for the year ended 31 January 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mockbeggar Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mockbeggar Developments Limited  and state those matters that we have agreed to state to the Board of directors of Mockbeggar Developments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mockbeggar Developments Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mockbeggar Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mockbeggar Developments Limited. You consider that Mockbeggar Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mockbeggar Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
13 October 2023
Page 1

 
Mockbeggar Developments Limited
Registered number: 05073036

Balance sheet
As at 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
640,893
655,798

Current assets
  

Debtors: amounts falling due within one year
 6 
98,744
98,762

Bank & cash balances
  
4,002
9,903

  
102,746
108,665

Creditors: amounts falling due within one year
 7 
(35,295)
(36,231)

Net current assets
  
 
 
67,451
 
 
72,434

Total assets less current liabilities
  
708,344
728,232

  

Net assets
  
708,344
728,232


Capital and reserves
  

Called up share capital 
 8 
600,000
600,000

Profit and loss account
  
108,344
128,232

  
708,344
728,232


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings 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 by: 




J P G Myatt
Director
Date: 11 October 2023

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2023

1.


General information

Mockbeggar Developments Limited ("the company") is a private company limited by shares and is incorporated in England with the registration number 05073036. The address of the registered office is Mockbeggar Farm, Town Road Higham, Rochester, Kent, ME3 8EU.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Fixtures & fittings
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2022 - £nil).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
8,528
10,743


8,528
10,743


Total current tax
8,528
10,743

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).


Page 4

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2023
 
4.Taxation (continued)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 February 2022
745,226
55,219
800,445



At 31 January 2023

745,226
55,219
800,445



Depreciation


At 1 February 2022
89,430
55,217
144,647


Charge for the year on owned assets
14,905
-
14,905



At 31 January 2023

104,335
55,217
159,552



Net book value



At 31 January 2023
640,891
2
640,893



At 31 January 2022
655,796
2
655,798




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
640,891
655,796



6.


Debtors

2023
2022
£
£


Trade debtors
29,365
31,480

Amounts owed by group undertakings
29,900
29,900

Other debtors
39,479
37,382

98,744
98,762


Page 5

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,363
8,728

Corporation tax
8,528
10,743

Other taxation and social security
1,253
2,929

Other creditors
4,697
5,253

Accruals and deferred income
9,454
8,578

35,295
36,231



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



600,000 (2022 - 600,000) Ordinary shares of £1.00 each
600,000
600,000



9.


Related party transactions

J Myatt & Co is a related party of Mockbeggar Developments Limited as J P G Myatt is a partner of J Myatt & Co and director of Mockbeggar Developments Limited. During the year under review Mockbeggar Developments Limited made net sales to J Myatt & Co of £10,418 and net purchase of £1,686. At the balance sheet date J Myatt & Co owed Mockbeggar Developments Limited £34,471 (2022 - £32,508). Included in this balance is an interest free loan to J Myatt & Co of £29,000 (2022 - £29,000). This loan is repayable on demand.
Mockbeggar Packing Limited is a related party of Mockbeggar Developments Limited as J P G Myatt is a director of both companies. During the year under review Mockbeggar Developments Limited made net sales to Mockbeggar Packing Limited of £35,790 and net purchase of £nil. At the balance sheet date Mockbeggar Packing Limited owed Mockbeggar Developments Limited £13,600 (2022 - £11,466).
Mockbeggar Limited is a related party of Mockbeggar Developments Limited as J P G Myatt is a director of both companies. During the year under review Mockbeggar Developments Limited made net sales to Mockbeggar Limited of £2,184 and net purchase of £nil. At the balance sheet date Mockbeggar Developments Limited owed Mockbeggar Limited £nil (2022 - £nil).
Myatt Holdings Ltd owed Mockbeggar Developments Limited its subsidiary company £29,900 (2022 - £29,900) at the balance sheet date. This is an interest free loan from Mockbeggar Developments Limited and is repayable on demand.


Page 6