Year Ended
Registration number:
Moggers Limited
Balance Sheet
31 October 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Investment property |
|
|
|
Investments |
- |
|
|
Other financial assets |
827,430 |
1,153,662 |
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Share premium reserve |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Moggers Limited
Balance Sheet
31 October 2023
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 11327509
Moggers Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention. The functional currency of Moggers Limited is considered to be pounds sterling because this is the currency of the primary economic environment in which the company operates.
Revenue recognition
Turnover is the total amount of rent receivable by the company on properties let during the period and consultancy fees earned. Rental income is recognised evenly over the rental period and consultancy fees recognised in the period to which they relate.
Depreciation
Asset class |
Depreciation method and rate |
Freehold property |
2% straight line |
Investment property
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Moggers Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
|
At 1 November |
|
Additions |
|
At 31 October |
|
Moggers Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Investments |
Subsidiary undertakings |
|
Cost or valuation |
|
At 1 November 2022 |
|
Disposals |
( |
At 31 October 2023 |
- |
Carrying amount |
|
At 31 October 2023 |
- |
At 31 October 2022 |
|
Details of undertakings
Details of the investments in which the company holds share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
2023 |
2022 |
|||
Subsidiary undertakings |
||||
|
Centenary House
|
Ordinary |
|
|
Follaton Limited was |
Moggers Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Other financial assets |
Financial assets at cost less impairment |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
At 1 November 2022 |
1,153,662 |
1,153,662 |
Disposals |
(326,232) |
(326,232) |
At 31 October 2023 |
827,430 |
827,430 |
Carrying amount |
||
At 31 October 2023 |
|
827,430 |
At 31 October 2022 |
|
1,153,662 |
Debtors |
2023 |
2022 |
|
Trade debtors |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
- |
|
Other debtors |
|
|
Prepayments |
|
|
|
|
Moggers Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Creditors |
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
|
|
Other creditors |
- |
|
Accruals and deferred income |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
1,094 |
|
1,100 |
|
|
6 |
- |
- |
|
|
|
|
During the year 6 Ordinary shares were reclassified as "A" Ordinary shares of £1 each.