Silverfin false false 31/10/2023 01/11/2022 31/10/2023 R Galton 11/10/2017 16 April 2024 The principal activity of the Company during the financial year was property development. 11008748 2023-10-31 11008748 bus:Director1 2023-10-31 11008748 core:CurrentFinancialInstruments 2023-10-31 11008748 core:CurrentFinancialInstruments 2022-10-31 11008748 2022-10-31 11008748 core:Non-currentFinancialInstruments 2023-10-31 11008748 core:Non-currentFinancialInstruments 2022-10-31 11008748 core:ShareCapital 2023-10-31 11008748 core:ShareCapital 2022-10-31 11008748 core:RetainedEarningsAccumulatedLosses 2023-10-31 11008748 core:RetainedEarningsAccumulatedLosses 2022-10-31 11008748 2022-11-01 2023-10-31 11008748 bus:FilletedAccounts 2022-11-01 2023-10-31 11008748 bus:SmallEntities 2022-11-01 2023-10-31 11008748 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11008748 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11008748 bus:Director1 2022-11-01 2023-10-31 11008748 2021-11-01 2022-10-31 11008748 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 11008748 (England and Wales)

MOORTOWN LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

MOORTOWN LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

MOORTOWN LIMITED

BALANCE SHEET

As at 31 October 2023
MOORTOWN LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Current assets
Debtors 3 683,450 48,646
Cash at bank and in hand 35,437 973,703
718,887 1,022,349
Creditors: amounts falling due within one year 4 ( 300,775) ( 567,089)
Net current assets 418,112 455,260
Total assets less current liabilities 418,112 455,260
Creditors: amounts falling due after more than one year 5 0 ( 25,833)
Net assets 418,112 429,427
Capital and reserves
Called-up share capital 100 100
Profit and loss account 418,012 429,327
Total shareholder's funds 418,112 429,427

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.

Director's responsibilities:

The financial statements of Moortown Limited (registered number: 11008748) were approved and authorised for issue by the Director on 16 April 2024. They were signed on its behalf by:

R Galton
Director
MOORTOWN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
MOORTOWN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Moortown Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

2023 2022
£ £
Corporation tax 2,039 0
Other debtors 681,411 48,646
683,450 48,646

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 0 10,000
Taxation and social security 79 72,747
Other creditors 300,696 484,342
300,775 567,089

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 25,833

There are no amounts included above in respect of which any security has been given by the small entity.

6. Related party transactions

Other related party transactions

2023 2022
£ £
Key management 0 32,170

Interest has been charged in line with HMRC's official rate of interest.