Company Registration No. 13535133 (England and Wales)
MOSHIACH 770 LIMITED
Unaudited accounts
for the year ended 31 July 2023
MOSHIACH 770 LIMITED
Unaudited accounts
Contents
MOSHIACH 770 LIMITED
Company Information
for the year ended 31 July 2023
Directors
Gary Bloch
David Cass
Company Number
13535133 (England and Wales)
Registered Office
HIGHBANK
GREENBANK CRESCENT
LONDON
NW4 2LA
ENGLAND
Accountants
ABDY Accounting Services
72 Charteris Road
LONDON
West Hampstead
NW6 7EX
MOSHIACH 770 LIMITED
Statement of financial position
as at 31 July 2023
Investment property
435,000
435,000
Cash at bank and in hand
43,847
14,611
Creditors: amounts falling due within one year
(5,883)
216
Net current assets
37,964
14,827
Total assets less current liabilities
472,964
449,827
Creditors: amounts falling due after more than one year
(392,130)
(392,130)
Provisions for liabilities
Deferred tax
(10,000)
(10,000)
Called up share capital
2
2
Revaluation reserve
57,701
57,701
Profit and loss account
13,131
(10,006)
Shareholders' funds
70,834
47,697
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by
Gary Bloch
Director
Company Registration No. 13535133
MOSHIACH 770 LIMITED
Notes to the Accounts
for the year ended 31 July 2023
MOSHIACH 770 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13535133. The registered office is HIGHBANK, GREENBANK CRESCENT, LONDON, NW4 2LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The turnover shown in the Profit and Loss Account represents amounts of rental income and service charges invoiced during the period
Property outgoings are recognised in the Profit and Loss Account in the year in which they are incurred.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively
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
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss
No depreciation is provided in respect of investment property applying the fair value model.
Investment property fair value is determined by the director based on his understanding of property market conditions and the specific property.
MOSHIACH 770 LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Fair value at 1 August 2022
435,000
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,427
-
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
331,144
331,144
Loans from directors
60,986
60,986
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).