2 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 808 476 66 542 266 332 xbrli:pure xbrli:shares iso4217:GBP 10166600 2022-06-01 2023-05-31 10166600 2023-05-31 10166600 2022-05-31 10166600 2021-06-01 2022-05-31 10166600 2022-05-31 10166600 core:FurnitureFittings 2022-06-01 2023-05-31 10166600 bus:Director1 2022-06-01 2023-05-31 10166600 core:FurnitureFittings 2022-05-31 10166600 core:FurnitureFittings 2023-05-31 10166600 core:WithinOneYear 2023-05-31 10166600 core:WithinOneYear 2022-05-31 10166600 core:ShareCapital 2023-05-31 10166600 core:ShareCapital 2022-05-31 10166600 core:RetainedEarningsAccumulatedLosses 2023-05-31 10166600 core:RetainedEarningsAccumulatedLosses 2022-05-31 10166600 core:FurnitureFittings 2022-05-31 10166600 bus:Director1 2022-05-31 10166600 bus:Director1 2023-05-31 10166600 bus:Director1 2021-05-31 10166600 bus:Director1 2022-05-31 10166600 bus:Director1 2021-06-01 2022-05-31 10166600 bus:SmallEntities 2022-06-01 2023-05-31 10166600 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10166600 bus:FullAccounts 2022-06-01 2023-05-31 10166600 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10166600 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 10166600
M H Land (Seaton) Limited
Filleted Unaudited Financial Statements
31 May 2023
M H Land (Seaton) Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
266
332
Current assets
Stocks
63,955
210,067
Debtors
6
49,523
Cash at bank and in hand
137,775
118,766
------------
------------
201,730
378,356
Creditors: amounts falling due within one year
7
62,112
146,156
------------
------------
Net current assets
139,618
232,200
------------
------------
Total assets less current liabilities
139,884
232,532
------------
------------
Net assets
139,884
232,532
------------
------------
Capital and reserves
Called up share capital
50
50
Profit and loss account
139,834
232,482
------------
------------
Shareholders funds
139,884
232,532
------------
------------
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 year 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 members have not required the company to obtain an audit of its financial statements for the year 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 .
M H Land (Seaton) Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
Mr M Hodgson
Director
Company registration number: 10166600
M H Land (Seaton) Limited
Notes to the Financial Statements
Year ended 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 29 The Woodlands, Lowca Lane, Seaton, Workington, Cumbria, CA14 1WL.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 June 2022 and 31 May 2023
808
------------
Depreciation
At 1 June 2022
476
Charge for the year
66
------------
At 31 May 2023
542
------------
Carrying amount
At 31 May 2023
266
------------
At 31 May 2022
332
------------
6. Debtors
2023
2022
£
£
Other debtors
49,523
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
49,449
Corporation tax
20,148
21,698
Social security and other taxes
11,083
3,259
Other creditors
30,881
71,750
------------
------------
62,112
146,156
------------
------------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr M Hodgson
49,335
( 20,131)
( 49,335)
( 20,131)
------------
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr M Hodgson
( 19,048)
49,335
19,048
49,335
------------
------------
------------
------------
9. Related party transactions
The director, Mr M Hodgson acquired a plot of land (jointly with his wife) from the company for the price of £50,000, paid for by way of a bonus upon which PAYE was applied and paid.