REGISTERED NUMBER: |
Unaudited Cessation Financial Statements |
for the Year Ended 31 July 2024 |
for |
Morris McIver Homes Ltd |
REGISTERED NUMBER: |
Unaudited Cessation Financial Statements |
for the Year Ended 31 July 2024 |
for |
Morris McIver Homes Ltd |
Morris McIver Homes Ltd (Registered number: 14217374) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Morris McIver Homes Ltd |
Company Information |
for the Year Ended 31 July 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
114-120 Northgate Street |
Chester |
CH1 2HT |
Morris McIver Homes Ltd (Registered number: 14217374) |
Statement of Financial Position |
31 July 2024 |
31/7/24 | 31/7/23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their 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. |
Morris McIver Homes Ltd (Registered number: 14217374) |
Statement of Financial Position - continued |
31 July 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Morris McIver Homes Ltd (Registered number: 14217374) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | Statutory information |
Morris McIver Homes Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Property sales are recognised upon the legal completion of the property sale. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Turnover |
Property sales are recognised upon the legal completion of the sale. |
Morris McIver Homes Ltd (Registered number: 14217374) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
2. | Accounting policies - continued |
Going concern |
These financial statements are prepared on the going concern basis, on the assumption that |
the directors will continue to provide financial support to the company to enable it to meet its |
current liabilities, which exceed its current assets as at 31 July 2024. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 August 2023 |
Disposals | ( |
) |
At 31 July 2024 |
Depreciation |
At 1 August 2023 |
Eliminated on disposal | ( |
) |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
At 31 July 2023 |
5. | Creditors: amounts falling due within one year |
31/7/24 | 31/7/23 |
£ | £ |
Other creditors |
6. | Related party disclosures |
The directors have made loans to the company. The balance owed on these loans to the |
company at 31 July 2024 was £ repayable on demand. |