0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-26 Sage Accounts Production Advanced 2023 - FRS102_2023 91,600 91,600 40,984 40,984 50,616 xbrli:pure xbrli:shares iso4217:GBP 14135643 2022-05-26 2023-05-31 14135643 2023-05-31 14135643 2022-05-25 14135643 bus:Director1 2022-05-26 2023-05-31 14135643 core:WithinOneYear 2023-05-31 14135643 core:ShareCapital 2023-05-31 14135643 core:RetainedEarningsAccumulatedLosses 2023-05-31 14135643 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 14135643 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 14135643 core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal core:Non-currentFinancialInstruments 2023-05-31 14135643 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-05-31 14135643 core:Non-currentFinancialInstruments 2023-05-31 14135643 bus:SmallEntities 2022-05-26 2023-05-31 14135643 bus:AuditExemptWithAccountantsReport 2022-05-26 2023-05-31 14135643 bus:SmallCompaniesRegimeForAccounts 2022-05-26 2023-05-31 14135643 bus:PrivateLimitedCompanyLtd 2022-05-26 2023-05-31 14135643 bus:FullAccounts 2022-05-26 2023-05-31
COMPANY REGISTRATION NUMBER: 14135643
Moonachie Investments Ltd
Filleted Unaudited Financial Statements
31 May 2023
Moonachie Investments Ltd
Statement of Financial Position
31 May 2023
31 May 23
Note
£
£
Fixed assets
Investments
4
50,616
Creditors: amounts falling due within one year
5
93,429
--------
Net current liabilities
93,429
--------
Total assets less current liabilities
( 42,813)
--------
Net liabilities
( 42,813)
--------
Capital and reserves
Called up share capital
1
Profit and loss account
( 42,814)
--------
Shareholder deficit
( 42,813)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
Mr D J Beard
Director
Company registration number: 14135643
Moonachie Investments Ltd
Notes to the Financial Statements
Period from 26 May 2022 to 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is financed by loans from a connected party. That party and the company's shareholder have confirmed that they will continue to support the operational liabilities of the company as they arise to the extent they are in a position to continue to do so. The Director therefore considers it is appropriate to issue the financial statements on the basis of the company being a going concern.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments held are measured at transaction price and are subsequently measured at fair value. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other investments other than loans
£
Cost
At 26 May 2022
Additions
91,600
--------
At 31 May 2023
91,600
--------
Impairment
At 26 May 2022
Revaluations
40,984
--------
At 31 May 2023
40,984
--------
Carrying amount
At 31 May 2023
50,616
--------
5. Creditors: amounts falling due within one year
31 May 23
£
Other creditors
93,429
--------