1 July 2022 false No description of principal activity Taxfiler 2023.11.1 NI037186business:PrivateLimitedCompanyLtd2022-07-012023-06-30 NI0371862022-06-30 NI0371862022-07-012023-06-30 NI037186business:AuditExemptWithAccountantsReport2022-07-012023-06-30 NI037186business:FilletedAccounts2022-07-012023-06-30 NI0371862023-06-30 NI0371862022-06-30 NI037186core:WithinOneYear2023-06-30 NI037186core:WithinOneYear2022-06-30 NI037186core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI037186core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 NI037186core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI037186core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 NI037186core:PreviouslyStatedAmount2023-06-30 NI037186core:PreviouslyStatedAmount2022-06-30 NI037186business:SmallEntities2022-07-012023-06-30 NI037186business:Director12022-07-012023-06-30 NI037186countries:NorthernIreland2022-07-012023-06-30 NI037186business:RegisteredOffice2022-07-012023-06-30 NI037186business:OrdinaryShareClass12022-07-012023-06-30 NI037186business:OrdinaryShareClass12021-07-012022-06-30 NI0371862021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI037186 (Northern Ireland)
Mossgiel Developments Limited Unaudited accounts for the year ended 30 June 2023
Mossgiel Developments Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
772 
772 
Creditors: amounts falling due within one year
(1,861,936)
(1,861,636)
Net current liabilities
(1,861,164)
(1,860,864)
Net liabilities
(1,861,164)
(1,860,864)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,861,264)
(1,860,964)
Shareholders' funds
(1,861,164)
(1,860,864)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2023 and were signed on its behalf by
James Ferrin Director Company Registration No. NI037186
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Mossgiel Developments Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Mossgiel Developments Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI037186. The registered office is The Office Dock, Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Co. Antrim, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from a contract is measured as the fair value of any consideration received or receivable, excluding discounts, value added taxes and other sales taxes.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
692,476 
692,476 
Trade creditors
485 
485 
Other creditors
162,500 
162,500 
Loans from directors
1,004,975 
1,004,975 
Accruals
1,500 
1,200 
1,861,936 
1,861,636 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Mossgiel Developments Limited Notes to the Accounts for the year ended 30 June 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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