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REGISTERED NUMBER: 05213255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2023

for

Morgeisi Menai Mortgages Limited

Morgeisi Menai Mortgages Limited (Registered number: 05213255)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Morgeisi Menai Mortgages Limited

Company Information
for the Year Ended 31st August 2023







DIRECTOR: D G Owen





SECRETARY:





REGISTERED OFFICE: 24 Y Bryn
Bontnewydd
Caernarfon
Gwynedd
LL55 2UN





REGISTERED NUMBER: 05213255 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Morgeisi Menai Mortgages Limited (Registered number: 05213255)

Balance Sheet
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,114 943

CURRENT ASSETS
Stocks 2,535 1,309
Debtors 5 1,898 1,802
Cash at bank 41,589 48,383
46,022 51,494
CREDITORS
Amounts falling due within one year 6 24,778 25,549
NET CURRENT ASSETS 21,244 25,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,358

26,888

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,356 26,886
SHAREHOLDERS' FUNDS 22,358 26,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th October 2023 and were signed by:





D G Owen - Director


Morgeisi Menai Mortgages Limited (Registered number: 05213255)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Morgeisi Menai Mortgages 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2022 - 3 ) .

Morgeisi Menai Mortgages Limited (Registered number: 05213255)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 5,347
Additions 499
At 31st August 2023 5,846
DEPRECIATION
At 1st September 2022 4,404
Charge for year 328
At 31st August 2023 4,732
NET BOOK VALUE
At 31st August 2023 1,114
At 31st August 2022 943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 1,898 1,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1 (1 )
Taxation and social security 260 3,669
Other creditors 24,517 21,881
24,778 25,549