Silverfin false 31/03/2023 01/04/2022 31/03/2023 D Cuthbert 09/12/2010 L Cuthbert 31/03/2011 13 November 2023 The principal activity of the Company is providing property consultancy services through its membership of Hanover Green LLP. 07465143 2023-03-31 07465143 bus:Director1 2023-03-31 07465143 bus:Director2 2023-03-31 07465143 2022-03-31 07465143 core:CurrentFinancialInstruments 2023-03-31 07465143 core:CurrentFinancialInstruments 2022-03-31 07465143 core:ShareCapital 2023-03-31 07465143 core:ShareCapital 2022-03-31 07465143 core:RevaluationReserve 2023-03-31 07465143 core:RevaluationReserve 2022-03-31 07465143 core:RetainedEarningsAccumulatedLosses 2023-03-31 07465143 core:RetainedEarningsAccumulatedLosses 2022-03-31 07465143 core:FurnitureFittings 2022-03-31 07465143 core:FurnitureFittings 2023-03-31 07465143 core:CostValuation 2022-03-31 07465143 core:AdditionsToInvestments 2023-03-31 07465143 core:CostValuation 2023-03-31 07465143 core:ProvisionsForImpairmentInvestments 2022-03-31 07465143 core:ProvisionsForImpairmentInvestments 2023-03-31 07465143 2021-03-31 07465143 core:RevaluationInvestmentPropertyDeferredTax 2023-03-31 07465143 core:RevaluationInvestmentPropertyDeferredTax 2022-03-31 07465143 bus:OrdinaryShareClass1 2023-03-31 07465143 2022-04-01 2023-03-31 07465143 bus:FullAccounts 2022-04-01 2023-03-31 07465143 bus:SmallEntities 2022-04-01 2023-03-31 07465143 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07465143 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07465143 bus:Director1 2022-04-01 2023-03-31 07465143 bus:Director2 2022-04-01 2023-03-31 07465143 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 07465143 2021-04-01 2022-03-31 07465143 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07465143 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07465143 (England and Wales)

CUTHBERT MOON LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CUTHBERT MOON LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CUTHBERT MOON LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
CUTHBERT MOON LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 4 1,210,000 1,210,000
Investments 5 40,320 28,269
1,250,320 1,238,269
Current assets
Debtors 6 312,537 399,928
Cash at bank and in hand 340,166 212,700
652,703 612,628
Creditors: amounts falling due within one year 7 ( 62,833) ( 75,494)
Net current assets 589,870 537,134
Total assets less current liabilities 1,840,190 1,775,403
Provision for liabilities 8 ( 6,003) ( 5,908)
Net assets 1,834,187 1,769,495
Capital and reserves
Called-up share capital 9 100 100
Revaluation reserve 44,491 44,206
Profit and loss account 1,789,596 1,725,189
Total shareholders' funds 1,834,187 1,769,495

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cuthbert Moon Limited (registered number: 07465143) were approved and authorised for issue by the Director. They were signed on its behalf by:

D Cuthbert
Director

13 November 2023

CUTHBERT MOON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CUTHBERT MOON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cuthbert Moon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sackville House, 40 Piccadilly, London, W1J 0DR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

Turnover

Turnover represents profits allocated by the Limited Liability Partnership of which the Company is a member and 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 recognised only when it has been irrevocably allocated by the management of the LLP of which the Company is a member.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

Investments in joint ventures

The Company enters into joint ventures involving the joint control by the ventures of one of more assets contributed to, or acquired for the purpose of the joint venture and dedicated to the purposes of the joint venture.

The Company recognises its share of the jointly controlled assets, any liabilities that it has incurred in respect of the joint venture, any income from the sale or output of the joint venture and any expenses it has incurred in respect of its interest in the joint venture.

Pensions

The Company makes payments into employee personal pension schemes. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2022 1,756 1,756
At 31 March 2023 1,756 1,756
Accumulated depreciation
At 01 April 2022 1,756 1,756
At 31 March 2023 1,756 1,756
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 1,210,000
Additions (380)
Fair value movement 380
As at 31 March 2023 1,210,000

5. Fixed asset investments

Investments in associates Other investments Total
£ £ £
Carrying value before impairment
At 01 April 2022 100 28,169 28,269
Additions 40 12,011 12,051
At 31 March 2023 140 40,180 40,320
Provisions for impairment
At 01 April 2022 0 0 0
At 31 March 2023 0 0 0
Carrying value at 31 March 2023 140 40,180 40,320
Carrying value at 31 March 2022 100 28,169 28,269

The investments in associates represents the Company's capital contribution to Hanover Green LLP.

6. Debtors

2023 2022
£ £
Amounts owed by associates 309,938 389,883
Other debtors 2,599 10,045
312,537 399,928

7. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 58,643 72,494
Other creditors 4,190 3,000
62,833 75,494

8. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 5,908) ( 77)
Charged to the Profit and Loss Account ( 95) ( 5,831)
At the end of financial year ( 6,003) ( 5,908)

The deferred taxation balance is made up as follows:

2023 2022
£ £
Revaluation of investment property ( 6,003) ( 5,908)

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Related party transactions

Included within other debtors is a balance of £309,938 (2022: £389,883) owed by the limited liability partnership of which the company is a member. The entire turnover is the Company's share of profit from this LLP.