Registered number
04442153
J Moss Properties Ltd
Filleted Accounts
31 March 2023
J Moss Properties Ltd
Registered number: 04442153
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 60,170 60,170
Current assets
Cash at bank and in hand 4,950 3,608
Creditors: amounts falling due within one year 4 (18,152) (17,592)
Net current liabilities (13,202) (13,984)
Net assets 46,968 46,186
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 35,352 35,352
Profit and loss account 11,516 10,734
Shareholders' funds 46,968 46,186
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.
J Moss
Director
Approved by the board on 19 January 2024
J Moss Properties Ltd
Notes to the Accounts
for the year ended 31 March 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 59,352 818 60,170
At 31 March 2023 59,352 818 60,170
Depreciation
At 31 March 2023 - - -
Net book value
At 31 March 2023 59,352 818 60,170
At 31 March 2022 59,352 818 60,170
Freehold land and buildings: 2023 2022
£ £
Historical cost 24,000 24,000
Cumulative depreciation based on historical cost - -
24,000 24,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 653 133
Other creditors 17,499 17,459
18,152 17,592
5 Revaluation reserve 2023 2022
£ £
At 1 April 2022 35,352 35,352
At 31 March 2023 35,352 35,352
6 Other information
J Moss Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Newlands Avenue
Whitefield
Manchester
M45 7WR
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