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REGISTERED NUMBER: 03465198


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR


MOORSIDE PROPERTIES LIMITED


MOORSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03465198)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




MOORSIDE PROPERTIES LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 30TH NOVEMBER 2023









DIRECTOR:

Mr E N Wood







SECRETARY:

Mr E N Wood







REGISTERED OFFICE:

Moorside House


Union Lane


Ogden


Halifax


West Yorkshire


HX2 8BP







REGISTERED NUMBER:

03465198







ACCOUNTANTS:

Cresswells


12 Market Sreet


Hebden Bridge


HX7 6AD


MOORSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03465198)


BALANCE SHEET

30TH NOVEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

4


75



Investment property

5

478,250


478,250



478,254


478,325




CURRENT ASSETS

Debtors

6

405


809



Cash at bank

5,936


8,968



6,341


9,777



CREDITORS

Amounts falling due within one year

7

19,894


11,440



NET CURRENT LIABILITIES

(13,553

)

(1,663

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

464,701


476,662




CAPITAL AND RESERVES

Called up share capital

8

440,000


440,000



Fair value reserve

9

42,800


42,800



Retained earnings

9

(18,099

)

(6,138

)


SHAREHOLDERS' FUNDS

464,701


476,662




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 6th August 2024 and were signed by:






Mr E N Wood - Director



MOORSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03465198)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023


1.

STATUTORY INFORMATION



Moorside Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.


The presentation currency of the financial statements is the Pound Sterling (£).


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Turnover


Turnover represents net invoiced rents excluding value added tax.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Office equipment

-

over 4 years



Investment properties


Investment properties are included in fixed assets at their latest valuations plus any subsequent additions at cost, and surplus and deficits on valuation are included in the revaluation reserve. Profit and losses on the sale of these properties are calculated by reference to their net carrying amounts. No depreciation is provided on investment properties.



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


MOORSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03465198)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2023


4.

TANGIBLE FIXED ASSETS


Office


equipment

£   



COST


At 1st December 2022


and 30th November 2023

12,901




DEPRECIATION


At 1st December 2022

12,826




Charge for year

71




At 30th November 2023

12,897




NET BOOK VALUE


At 30th November 2023

4




At 30th November 2022

75




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1st December 2022


and 30th November 2023

478,250




NET BOOK VALUE


At 30th November 2023

478,250




At 30th November 2022

478,250





Fair value at 30th November 2023 is represented by:

£   



Valuation in 2020

14,550




Valuation in 2021

25,000




Valuation in 2022

3,250




Cost

435,450



478,250





If investment properties had not been revalued they would have been included at the following historical cost:


2023

2022


£   

£   



Cost

435,450


435,450




Aggregate depreciation

(136,168

)

(127,459

)




Investment properties were valued on an open market basis basis on 30th November 2023 by the directors  .


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Prepayments and accrued income

405


809




MOORSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03465198)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2023


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Directors' current accounts

18,895


10,330




Accrued expenses

999


1,110



19,894


11,440




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



440,000

Ordinary

£1

440,000


440,000




9.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1st December 2022

(6,138

)

42,800


36,662




Deficit for the year

(11,961

)

(11,961

)



At 30th November 2023

(18,099

)

42,800


24,701