Registered number
13680725
Motev Estates Limited
Filleted Accounts
31 October 2023
Motev Estates Limited
Registered number: 13680725
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 75,000 60,895
Current assets
Debtors 4 - 352
Cash at bank and in hand 1,020 1,398
1,020 1,750
Creditors: amounts falling due within one year 5 (28,613) (21,117)
Net current liabilities (27,593) (19,367)
Total assets less current liabilities 47,407 41,528
Creditors: amounts falling due after more than one year 6 (42,694) (42,694)
Net assets/(liabilities) 4,713 (1,166)
Capital and reserves
Revaluation reserve 7 14,105 -
Profit and loss account (9,392) (1,166)
Shareholders' funds 4,713 (1,166)
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.
Moses Bright
Director
Approved by the board on 18 July 2024
Motev Estates Limited
Notes to the Accounts
for the year ended 31 October 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).
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 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 60,895
Surplus on revaluation 14,105
At 31 October 2023 75,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 75,000
At 31 October 2022 60,895
Freehold land and buildings: 2023 2022
£ £
Historical cost 60,895 -
Cumulative depreciation based on historical cost - -
60,895 -
4 Debtors 2023 2022
£ £
Trade debtors - 352
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10 31
Other creditors 28,603 21,086
28,613 21,117
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 42,694 42,694
7 Revaluation reserve 2023 2022
£ £
Gain on revaluation of land and buildings 14,105 -
At 31 October 2023 14,105 -
8 Other information
Motev Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
76 Park Street
Horsham
West Sussex
RH12 1BX
Motev Estates Limited 13680725 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Moses Bright No description of principal activity 13680725 2021-10-14 2022-10-31 13680725 core:RevaluationReserve core:LandBuildings 2021-10-14 2022-10-31 13680725 core:WithinOneYear 2022-10-31 13680725 core:AfterOneYear 2022-10-31 13680725 core:OtherReservesSubtotal 2022-10-31 13680725 core:RetainedEarningsAccumulatedLosses 2022-10-31 13680725 core:RevaluationReserve 2022-10-31 13680725 2022-11-01 2023-10-31 13680725 bus:EntityHasNeverTraded 2022-11-01 2023-10-31 13680725 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13680725 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13680725 bus:Director40 2022-11-01 2023-10-31 13680725 2 2022-11-01 2023-10-31 13680725 core:LandBuildings 2022-11-01 2023-10-31 13680725 core:RevaluationReserve core:LandBuildings 2022-11-01 2023-10-31 13680725 countries:England 2022-11-01 2023-10-31 13680725 bus:FRS102 2022-11-01 2023-10-31 13680725 bus:FilletedAccounts 2022-11-01 2023-10-31 13680725 2023-10-31 13680725 core:WithinOneYear 2023-10-31 13680725 core:AfterOneYear 2023-10-31 13680725 core:OtherReservesSubtotal 2023-10-31 13680725 core:RetainedEarningsAccumulatedLosses 2023-10-31 13680725 core:LandBuildings 2023-10-31 13680725 core:RevaluationReserve 2023-10-31 13680725 2022-10-31 13680725 core:LandBuildings 2022-10-31 iso4217:GBP xbrli:pure