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REGISTERED NUMBER: 04877931 (England and Wales)














Unaudited Financial Statements

for the Year Ended 27 February 2023

for

Moore Care Developments Ltd

Moore Care Developments Ltd (Registered number: 04877931)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Moore Care Developments Ltd (Registered number: 04877931)

Balance Sheet
27 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,799,665 1,817,959
Investment property 5 213,783 213,783
2,013,448 2,031,742

CURRENT ASSETS
Debtors 6 56,239 10,452
Cash at bank 142,563 156,558
198,802 167,010
CREDITORS
Amounts falling due within one year 7 1,748,656 1,793,294
NET CURRENT LIABILITIES (1,549,854 ) (1,626,284 )
TOTAL ASSETS LESS CURRENT LIABILITIES 463,594 405,458

PROVISIONS FOR LIABILITIES 10,887 11,750
NET ASSETS 452,707 393,708

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 452,705 393,706
452,707 393,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




Mr N J Ashcroft - Director


Moore Care Developments Ltd (Registered number: 04877931)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Moore Care Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04877931

Registered office: Gadley House
Manchester Road
Buxton
Derbyshire
SK17 6ST

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL % per annum
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on 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 Profit and Loss Account, 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.

Moore Care Developments Ltd (Registered number: 04877931)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 28 February 2022 1,756,117 59,464 93,532 3,785 1,912,898
Additions - 995 1,691 - 2,686
At 27 February 2023 1,756,117 60,459 95,223 3,785 1,915,584
DEPRECIATION
At 28 February 2022 - 49,036 44,666 1,237 94,939
Charge for year - 3,367 16,856 757 20,980
At 27 February 2023 - 52,403 61,522 1,994 115,919
NET BOOK VALUE
At 27 February 2023 1,756,117 8,056 33,701 1,791 1,799,665
At 27 February 2022 1,756,117 10,428 48,866 2,548 1,817,959

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2022
and 27 February 2023 213,783
NET BOOK VALUE
At 27 February 2023 213,783
At 27 February 2022 213,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 56,239 10,452

Moore Care Developments Ltd (Registered number: 04877931)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,577 5,469
Taxation and social security 18,915 15,533
Other creditors 1,727,164 1,772,292
1,748,656 1,793,294

8. SECURED DEBTS

The Directors' Loan Accounts are secured by charges held by the Directors over properties owned by the Company (8b and 8c Lascelles Road, Buxton, Derbyshire).