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REGISTERED NUMBER: 01960112 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Motaman (Bristol) Limited

Motaman (Bristol) Limited (Registered number: 01960112)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motaman (Bristol) Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr Y Ramlugon
Mrs S A Ramlugon
Mr A Ramlugon
Mr J O Ramlugon
Mr O Ramlugon





SECRETARY: Mrs S A Ramlugon





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 01960112 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Motaman (Bristol) Limited (Registered number: 01960112)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,893 9,152
Investments 5 300 300
Investment property 6 1,956,354 1,956,354
1,963,547 1,965,806

CURRENT ASSETS
Debtors 7 571,328 564,756
Cash at bank 43,127 38,432
614,455 603,188
CREDITORS
Amounts falling due within one year 8 1,173,239 1,184,088
NET CURRENT LIABILITIES (558,784 ) (580,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,404,763

1,384,906

CREDITORS
Amounts falling due after more than one year 9 (1,053,122 ) (1,082,791 )

PROVISIONS FOR LIABILITIES (25,250 ) (25,250 )
NET ASSETS 326,391 276,865

CAPITAL AND RESERVES
Called up share capital 111,874 111,874
Share premium 37,702 37,702
Fair value reserve 12 107,644 107,644
Retained earnings 69,171 19,645
SHAREHOLDERS' FUNDS 326,391 276,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Motaman (Bristol) Limited (Registered number: 01960112)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2023 and were signed on its behalf by:





Mr Y Ramlugon - Director


Motaman (Bristol) Limited (Registered number: 01960112)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Motaman (Bristol) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises gross rental income receivable for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 20% on reducing balance basis
Computer equipment - 33.33% on straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year 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.

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 year 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.

Group accounts
The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided by s399 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Motaman (Bristol) Limited (Registered number: 01960112)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings Computer
& Equipment equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 12,926 2,147 15,073
DEPRECIATION
At 1 May 2022 5,205 716 5,921
Charge for year 1,544 715 2,259
At 30 April 2023 6,749 1,431 8,180
NET BOOK VALUE
At 30 April 2023 6,177 716 6,893
At 30 April 2022 7,721 1,431 9,152

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 300
NET BOOK VALUE
At 30 April 2023 300
At 30 April 2022 300

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Engine House Developments Limited
Registered office: 157 Redland Road Redland Bristol BS6 6YE
Nature of business: Rental Property Business
%
Class of shares: holding
Ordinary 75.00
2023 2022
£    £   
Aggregate capital and reserves 26,594 25,381
Profit for the year 11,213 18,214

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,956,354
NET BOOK VALUE
At 30 April 2023 1,956,354
At 30 April 2022 1,956,354

Motaman (Bristol) Limited (Registered number: 01960112)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 558,698 556,332
Accrued income 3,075 -
Prepayments 9,555 8,424
571,328 564,756

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 28,454 27,238
Loan Accounts 110,000 110,000
Tax 880 -
Directors' current accounts 1,030,351 1,045,351
Accrued expenses 3,554 1,499
1,173,239 1,184,088

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 1,053,122 1,082,791

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank Loan Under 1 Year 28,454 27,238

Amounts falling due between one and two years:
Bank Loan - Handlesbanken 1,053,122 1,082,791

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,081,576 1,110,029

The bank has a charge over the premises known as the Engine House at 94-96 Bedminster Parade Bedminster Bristol BS3 4HL dated 9 April 2020 and a debenture over the undertaking and assets of the Company dated 9 April 2020.

12. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 107,644

13. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are Mr Y and Mrs S Ramlugon by virtue of their shareholding in the company.