REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 February 2023 |
for |
Mopane Investment Company Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 February 2023 |
for |
Mopane Investment Company Limited |
Mopane Investment Company Limited (Registered number: 04381577) |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mopane Investment Company Limited |
Company Information |
for the Year Ended 28 February 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Hine House |
25 Regent Street |
Nottingham |
NG1 5BS |
Mopane Investment Company Limited (Registered number: 04381577) |
Balance Sheet |
28 February 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
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. |
Mopane Investment Company Limited (Registered number: 04381577) |
Balance Sheet - continued |
28 February 2023 |
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 |
Mopane Investment Company Limited (Registered number: 04381577) |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
Mopane Investment Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
A going concern basis has been adopted, as the directors will continue to support the company financially and there are no immediate plans to call in the loan to the company. The Covid-19 pandemic has had some adverse effect on the company's investments but the directors do not consider the value of those to have been impaired as a result. |
Investments in associates |
Investments in associate undertakings are recognised at fair value. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
Mopane Investment Company Limited (Registered number: 04381577) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 March 2022 |
and 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Registered office: Ashton Gate Stadium, Ashton Road, Bristol, England, BS3 2EJ |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) | ( |
) |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Mopane Investment Company Limited (Registered number: 04381577) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1 March 2022 |
and 28 February 2023 |
8. | RELATED PARTY DISCLOSURES |
At the year end the company owed Willoughby 395 (EBK) Limited £299,939 (2022 £296,409). C A Butterfield FCA is a director of Willoughby 395 (EBK) Limited. No interest is currently being charged on the loan. |