REGISTERED NUMBER: |
Mopellan Investments Limited |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
REGISTERED NUMBER: |
Mopellan Investments Limited |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
Mopellan Investments Limited (Registered number: 00745950) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Mopellan Investments Limited |
Company Information |
for the Year Ended 31 March 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Mopellan Investments Limited (Registered number: 00745950) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 9 |
Revaluation reserve | 10 |
Other reserves |
Retained earnings |
Shareholders' funds |
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. |
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 |
Mopellan Investments Limited (Registered number: 00745950) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | Statutory information |
Mopellan Investments Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The Directors have reviewed and considered relevant information, in making their assessment to the COVID-19 pandemic. The Directors have concluded that they can continue to adopt the going concern basis in preparing 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 |
Computer equipment | - |
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. |
Cash and cash equivalents |
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months of less. |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses. |
Mopellan Investments Limited (Registered number: 00745950) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Depreciation |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
Mopellan Investments Limited (Registered number: 00745950) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Rental debtors | 1,499 | 4,870 |
8. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Tax |
Other creditors |
Rents received in advance | 26,121 | 35,964 |
Directors' current accounts | 220,936 | 276,392 |
Accrued expenses |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 800 | 800 |
Ordinary A | £1 | 200 | 200 |
1,000 | 1,000 |
10. | Reserves |
Revaluation |
reserve |
£ |
At 1 April 2022 |
Release on disposal | (42,273 | ) |
At 31 March 2023 |
11. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Mopellan Investments Limited (Registered number: 00745950) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
11. | Directors' advances, credits and guarantees - continued |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
During the year, a dividend totalling £30,825 (2022: £30,825) was paid to one of the directors. |