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REGISTERED NUMBER: NI627663 (Northern Ireland)















MOYLENA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






MOYLENA LIMITED (REGISTERED NUMBER: NI627663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MOYLENA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Robert Anthony Dunlop
Gareth Dunlop
Robert Brian Dunlop
Linda Dunlop





REGISTERED OFFICE: 10 Mark Street
Portrush
Co. Antrim
BT56 8BT





REGISTERED NUMBER: NI627663 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MOYLENA LIMITED (REGISTERED NUMBER: NI627663)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 1,791,518 1,835,249
Investments 6 300 300
1,791,818 1,835,549

CURRENT ASSETS
Receivables 7 2,072,755 2,169,985
Cash at bank 94,075 97,848
2,166,830 2,267,833
PAYABLES
Amounts falling due within one year 8 (110,437 ) (215,608 )
NET CURRENT ASSETS 2,056,393 2,052,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,848,211

3,887,774

PAYABLES
Amounts falling due after more than
one year

9

-

(183,955

)
NET ASSETS 3,848,211 3,703,819

CAPITAL AND RESERVES
Called up share capital 10 100 300,100
Retained earnings 3,848,111 3,403,719
SHAREHOLDERS' FUNDS 3,848,211 3,703,819

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

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

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.

MOYLENA LIMITED (REGISTERED NUMBER: NI627663)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:





Robert Anthony Dunlop - Director


MOYLENA LIMITED (REGISTERED NUMBER: NI627663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Moylena Limited is a private company, limited by shares , registered in Northern Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Freehold property- 2% Straight Line
Motor vehicles- 25% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries
Investments held as fixed assets are stated at cost less prevision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash at bank
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MOYLENA LIMITED (REGISTERED NUMBER: NI627663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Motor
property vehicles Totals
£ £ £
COST
At 1 December 2022
and 30 November 2023 2,104,590 15,540 2,120,130
DEPRECIATION
At 1 December 2022 275,897 8,984 284,881
Charge for year 42,092 1,639 43,731
At 30 November 2023 317,989 10,623 328,612
NET BOOK VALUE
At 30 November 2023 1,786,601 4,917 1,791,518
At 30 November 2022 1,828,693 6,556 1,835,249

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 December 2022
and 30 November 2023 300
NET BOOK VALUE
At 30 November 2023 300
At 30 November 2022 300

7. RECEIVABLES
2023 2022
£ £
Trade receivables 3,600 -
Other receivables 128,164 80,687
Amounts owed by group undertakings 1,587,595 1,857,726
Directors' current accounts 346,762 206,088
Prepayments and accrued income 6,634 25,484
2,072,755 2,169,985

Amounts owed by group undertakings are considered payable on demand and no interest charged in respect of same.

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 76,910
Taxation and social security 110,437 138,698
110,437 215,608

The bank overdraft and bank loan is secured by way of fixed and floating charge over the undertaking of the company all monies and all of its property.

MOYLENA LIMITED (REGISTERED NUMBER: NI627663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans - 183,955

The bank overdraft and bank loan is secured by way of fixed and floating charge over the undertaking of the company all monies and all of its property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:

Number: Class: Nominal 2023 2022
Value: £    £   
52 Ordinary A 1 52 52
16 Ordinary B 1 16 16
16 Ordinary C 1 16 16
16 Ordinary D 1 16 16
825,000 Redeemable Preference 1 0 825,000
100 825,100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £346,760 was owing to the company by the directors. (2022: £206,088 was owing to the company by the directors)

12. RELATED PARTY DISCLOSURES

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.