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MOONCOURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29TH FEBRUARY 2024






MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

MOONCOURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: S J G Richards





REGISTERED OFFICE: 4 North Lane
Haynes
Bedfordshire
MK45 3PW





REGISTERED NUMBER: 07945271 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)

BALANCE SHEET
29TH FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,375,000 2,375,000

CURRENT ASSETS
Debtors 5 9,062 11,315
Cash at bank 7,043 29,780
16,105 41,095
CREDITORS
Amounts falling due within one year 6 107,584 123,843
NET CURRENT LIABILITIES (91,479 ) (82,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,283,521

2,292,252

CREDITORS
Amounts falling due after more than one year 7 (1,713,355 ) (1,732,968 )

PROVISIONS FOR LIABILITIES (108,427 ) (108,427 )
NET ASSETS 461,739 450,857

CAPITAL AND RESERVES
Called up share capital 9 1 1
Non-Distributable Reserves 10 429,989 429,989
Retained earnings 31,749 20,867
SHAREHOLDERS' FUNDS 461,739 450,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





S J G Richards - Director


MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Mooncourt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The accounts have been prepared on the going concern basis on the assumption of continued financial support from the company's directors and related parties.

Indications are that this support will continue for the foreseeable future.

Turnover
Turnover represents rents receivable from tenants of investment properties.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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 1 (2023 - 1 ) .

MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 29th February 2024 2,375,000
NET BOOK VALUE
At 29th February 2024 2,375,000
At 28th February 2023 2,375,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2013 24,474
Valuation in 2015 55,000
Valuation in 2016 80,529
Valuation in 2017 73,966
Valuation in 2018 63,513
Valuation in 2021 112,062
Valuation in 2022 104,647
Valuation in 2023 24,225
Cost 1,836,584
2,375,000

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

29/2/24 28/2/23
£    £   
Cost 1,836,584 1,836,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 400 1,956
Rent bonds held 7,433 8,281
Prepayments and accrued income 1,229 1,078
9,062 11,315

MOONCOURT LIMITED (REGISTERED NUMBER: 07945271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 2,234 1,284
Corporation tax 8,878 4,783
Other creditors 7,433 8,281
Directors' current accounts 85,666 106,654
Accruals and deferred income 3,373 2,841
107,584 123,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Mortgage 1,530,437 1,530,437
Other loans 175,220 200,833
Amounts owed to related companies 7,698 1,698
1,713,355 1,732,968

8. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank loans 1,530,437 1,530,437

The mortgage and other loan are secured by first legal charges over the company's investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Non-Distribut
Reserves
£   
At 1st March 2023
and 29th February 2024 429,989

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOONCOURT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mooncourt Limited for the year ended 29th February 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mooncourt Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mooncourt Limited and state those matters that we have agreed to state to the director of Mooncourt Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mooncourt Limited and its director for our work or for this report.

It is your duty to ensure that Mooncourt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mooncourt Limited. You consider that Mooncourt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mooncourt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


28th August 2024