Registered number
01656538
Moorlands Management Company Ltd (The)
Unaudited Filleted Accounts
31 December 2023
Moorlands Management Company Ltd (The)
Registered number: 01656538
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 3 35,000 35,000
Current assets
Debtors 4 6,989 6,774
Cash at bank and in hand 171,595 158,422
178,584 165,196
Creditors: amounts falling due within one year 5 (9,050) (8,300)
Net current assets 169,534 156,896
Total assets less current liabilities 204,534 191,896
Provisions for liabilities (6,650) (6,650)
Net assets 197,884 185,246
Capital and reserves
Called up share capital 54 54
Revaluation reserve 6 28,350 28,350
Profit and loss account 169,480 156,842
Shareholders' funds 197,884 185,246
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D P Coates
Director
Approved by the board on 31 January 2024
Moorlands Management Company Ltd (The)
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents service charges, levies and garage rents receivable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Property
£
Cost
At 1 January 2023 35,000
At 31 December 2023 35,000
Depreciation
At 1 January 2023 -
At 31 December 2023 -
Net book value
At 31 December 2023 35,000
At 31 December 2022 35,000
The investment property comprises 28 garages available for rent at The Moorlands, Leeds. The fair value of the investment property has been arrived at on the basis of a valuation carried out in 2001 and subject to annual review by the directors. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties and the rate of return on such properties and the directors consider that this still represents the fair value.
4 Debtors 2023 2022
£ £
Trade debtors 830 903
Prepayments 6,159 5,871
6,989 6,774
5 Creditors: amounts falling due within one year 2023 2022
£ £
Deposits held 7,550 7,050
Other creditors 1,500 1,250
9,050 8,300
6 Revaluation reserve 2023 2022
£ £
At 1 January 2023 28,350 28,350
At 31 December 2023 28,350 28,350
7 Other information
Moorlands Management Company Ltd (The) is a private company limited by shares and incorporated in England. Its registered office is:
21 Moor Road
Leeds
LS6 4BG
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