Mogs Properties Limited 14156684 false 2022-06-07 2023-05-31 2023-05-31 The principal activity of the company is Investment properties Digita Accounts Production Advanced 6.30.9574.0 true 14156684 2022-06-07 2023-05-31 14156684 2023-05-31 14156684 core:CurrentFinancialInstruments 2023-05-31 14156684 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14156684 bus:SmallEntities 2022-06-07 2023-05-31 14156684 bus:AuditExemptWithAccountantsReport 2022-06-07 2023-05-31 14156684 bus:FullAccounts 2022-06-07 2023-05-31 14156684 bus:SmallCompaniesRegimeForAccounts 2022-06-07 2023-05-31 14156684 bus:RegisteredOffice 2022-06-07 2023-05-31 14156684 bus:Director1 2022-06-07 2023-05-31 14156684 bus:Director2 2022-06-07 2023-05-31 14156684 bus:PrivateLimitedCompanyLtd 2022-06-07 2023-05-31 14156684 countries:EnglandWales 2022-06-07 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 14156684

Mogs Properties Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 7 June 2022 to 31 May 2023

 

Mogs Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Mogs Properties Limited

Company Information

Directors

Mrs Amanda Jean Mogridge

Mr Simon Mogridge

Registered office

23 Station Road
Pilning
Bristol
BS35 4JT

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Mogs Properties Limited

(Registration number: 14156684)
Balance Sheet as at 31 May 2023

Note

2023
£

       

Fixed assets

   

Investment property

4

 

446,578

Current assets

   

Debtors

5

529

 

Cash at bank and in hand

 

3,201

 

 

3,730

 

Creditors: Amounts falling due within one year

6

(450,985)

 

Net current liabilities

   

(447,255)

Net liabilities

   

(677)

Capital and reserves

   

Called up share capital

100

 

Profit and loss account

(777)

 

Total equity

   

(677)

For the financial period ending 31 May 2023 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 period 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2023 and signed on its behalf by:
 

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

Mrs Amanda Jean Mogridge
Director

 

Mogs Properties Limited

Notes to the Unaudited Financial Statements for the Period from 7 June 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23 Station Road
Pilning
Bristol
BS35 4JT

These financial statements were authorised for issue by the Board on 11 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mogs Properties Limited

Notes to the Unaudited Financial Statements for the Period from 7 June 2022 to 31 May 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors 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 trade debtors 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.

Trade creditors

Trade creditors 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.

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

446,578

At 31 May

446,578

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

Prepayments

529

 

Mogs Properties Limited

Notes to the Unaudited Financial Statements for the Period from 7 June 2022 to 31 May 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

720

Other creditors

450,265

450,985