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Moneta Properties Limited

Registration number : 13060455



















Annual Report and Unaudited Financial Statements

for the year ended 31 August 2023

 

Moneta Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Moneta Properties Limited

Company Information

Directors

Mr Stephen John Cummings

Mrs Tracy Ann Cummings

Registered office

97 Templecombe Drive
Bolton
Greater Manchester
BL1 7TA

Accountants

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

Moneta Properties Limited

(Registration number: 13060455)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

346,789

345,531

Creditors: Amounts falling due within one year

5

(347,344)

(346,840)

Net liabilities

 

(555)

(1,309)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(556)

(1,310)

Total equity

 

(555)

(1,309)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

.........................................
Mr Stephen John Cummings
Director

.........................................
Mrs Tracy Ann Cummings
Director

 
     
 

Moneta Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
97 Templecombe Drive
Bolton
Greater Manchester
BL1 7TA

These financial statements were authorised for issue by the Board on 22 February 2024.

2

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Moneta Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Moneta Properties Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

4

Investment properties

2023
£

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

347,344

346,336

Accruals and deferred income

 

-

504

 

347,344

346,840

6

Related party transactions

Summary of transactions with other related parties

Moneta Properties Ltd, Moneta Consulting Ltd and Moneta Consulting Holdings Ltd are part of a group.
 During the periods, loans were made between the group members.
 All loans are unsecured, interest free and payable on demand
 

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

346,336

346,336

Advanced

1,008

1,008

At end of period

347,344

347,344

2022

Other related parties
£

Total
£

At start of period

248,852

248,852

Advanced

97,484

97,484

At end of period

346,336

346,336

Terms of loans from related parties

All loans are unsecured, interest free and payable on demand