Moose Loose Limited 13919390 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is rental of commerical property and investments. Digita Accounts Production Advanced 6.30.9574.0 true true 13919390 2023-03-01 2024-02-29 13919390 2024-02-29 13919390 core:RetainedEarningsAccumulatedLosses 2024-02-29 13919390 core:ShareCapital 2024-02-29 13919390 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-02-29 13919390 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13919390 bus:SmallEntities 2023-03-01 2024-02-29 13919390 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13919390 bus:FullAccounts 2023-03-01 2024-02-29 13919390 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13919390 bus:RegisteredOffice 2023-03-01 2024-02-29 13919390 bus:Director1 2023-03-01 2024-02-29 13919390 bus:Director2 2023-03-01 2024-02-29 13919390 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13919390 countries:EnglandWales 2023-03-01 2024-02-29 13919390 2022-02-16 2023-02-28 13919390 2023-02-28 13919390 core:RetainedEarningsAccumulatedLosses 2023-02-28 13919390 core:ShareCapital 2023-02-28 13919390 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13919390

Moose Loose Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Moose Loose Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Moose Loose Limited

(Registration number: 13919390)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

550,000

550,000

Other financial assets

4

770,740

747,652

 

1,320,740

1,297,652

Current assets

 

Cash at bank and in hand

 

237,899

210,973

Creditors: Amounts falling due within one year

(1,517,924)

(1,513,338)

Net current liabilities

 

(1,280,025)

(1,302,365)

Total assets less current liabilities

 

40,715

(4,713)

Provisions for liabilities

(2,059)

-

Net assets/(liabilities)

 

38,656

(4,713)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

38,556

(4,813)

Total equity

 

38,656

(4,713)

For the financial year ending 29 February 2024 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

Mrs R Morris

Director

Mr I J Morris

Director

 

Moose Loose Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 The Ridings
East Preston
West Sussex
BN16 2TW

These financial statements were authorised for issue by the Board on 20 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Moose Loose Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2023

747,652

747,652

Fair value adjustments

10,836

10,836

Additions

44,023

44,023

Disposals

(31,771)

(31,771)

At 29 February 2024

770,740

770,740

Carrying amount

At 29 February 2024

770,740

770,740