REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 30 November 2021 to 30 November 2022 |
for |
Mold Investments Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 30 November 2021 to 30 November 2022 |
for |
Mold Investments Ltd |
Mold Investments Ltd (Registered number: 09487514) |
Contents of the Financial Statements |
for the Period 30 November 2021 to 30 November 2022 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Mold Investments Ltd |
Company Information |
for the Period 30 November 2021 to 30 November 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Mold Investments Ltd (Registered number: 09487514) |
Report of the Directors |
for the Period 30 November 2021 to 30 November 2022 |
The directors present their report with the financial statements of the company for the period 30 November 2021 to 30 November 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of Mining , quarrying and waste disposal. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 30 November 2021 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Mold Investments Ltd (Registered number: 09487514) |
Income Statement |
for the Period 30 November 2021 to 30 November 2022 |
Period | Period |
30.11.21 | 1.4.21 |
to | to |
30.11.22 | 29.11.21 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS (LOSS)/PROFIT | ( |
) |
Administrative expenses |
(284,196 | ) | (85,326 | ) |
Other operating income |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL PERIOD |
Mold Investments Ltd (Registered number: 09487514) |
Balance Sheet |
30 November 2022 |
30.11.22 | 29.11.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 10 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 11 |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Mold Investments Ltd (Registered number: 09487514) |
Balance Sheet - continued |
30 November 2022 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Mold Investments Ltd (Registered number: 09487514) |
Notes to the Financial Statements |
for the Period 30 November 2021 to 30 November 2022 |
1. | STATUTORY INFORMATION |
Mold Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there |
is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Mold Investments Ltd (Registered number: 09487514) |
Notes to the Financial Statements - continued |
for the Period 30 November 2021 to 30 November 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
Period | Period |
30.11.21 | 1.4.21 |
to | to |
30.11.22 | 29.11.21 |
£ | £ |
Depreciation - owned assets |
5. | EXCEPTIONAL ITEMS |
Period | Period |
30.11.21 | 1.4.21 |
to | to |
30.11.22 | 29.11.21 |
£ | £ |
Exceptional items | 2,990,000 | 125,000 |
The exceptional item in the year , totalling £2,990,000 , is in respect of the settlement of an outstanding debt owing to BCS Plant Ltd and represents the balance written off within the agreement. |
Mold Investments Ltd (Registered number: 09487514) |
Notes to the Financial Statements - continued |
for the Period 30 November 2021 to 30 November 2022 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 30 November 2021 |
Disposals | ( |
) | ( |
) |
At 30 November 2022 |
DEPRECIATION |
At 30 November 2021 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 29 November 2021 |
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 November 2021 |
and 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 29 November 2021 |
Investment property consists of 4 cottages , nos. 3,4,5 & 6 at Parry's Quarry , Pinfold Lane , Mold. |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.22 | 29.11.21 |
£ | £ |
Trade debtors |
Other debtors |
Mold Investments Ltd (Registered number: 09487514) |
Notes to the Financial Statements - continued |
for the Period 30 November 2021 to 30 November 2022 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.22 | 29.11.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.22 | 29.11.21 |
£ | £ |
Other creditors |
11. | RESERVES |
Revaluation |
reserve |
£ |
At 30 November 2021 |
and 30 November 2022 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the periods ended 30 November 2022 and 29 November 2021: |
30.11.22 | 29.11.21 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
13. | CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Included in creditors are amounts owing to Joseph Holloway Holdings Ltd ; Warwickshire Recycling Services Ltd and Eastlands Demolition which are currently being disputed and which ultimately may not be payable. |
14. | UNSECURED CREDIT |
The Company has an unsecured line of credit from North East Plant Ltd of up to £5,000,000 if required. |