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REGISTERED NUMBER: 12333855 (England and Wales)















Moate Estates Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Moate Estates Limited (Registered number: 12333855)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Moate Estates Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P W Moate



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 12333855 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
Plymouth 2
Leicester
Leicestershire
LE87 2BB

Moate Estates Limited (Registered number: 12333855)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 55,875 44,771
Investment property 6 313,148 221,039
369,023 265,810

CURRENT ASSETS
Debtors 7,505 59,043
Cash at bank and in hand 100 2,382
7,605 61,425
CREDITORS
Amounts falling due within one year 455,195 368,137
NET CURRENT LIABILITIES (447,590 ) (306,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,567

)

(40,902

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (78,667 ) (41,002 )
SHAREHOLDERS' FUNDS (78,567 ) (40,902 )

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 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.

Moate Estates Limited (Registered number: 12333855)

Abridged 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed by:





P W Moate - Director


Moate Estates Limited (Registered number: 12333855)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Moate Estates 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. 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 have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Moate Estates Limited (Registered number: 12333855)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 59,694
Additions 27,073
At 30 November 2023 86,767
DEPRECIATION
At 1 December 2022 14,923
Charge for year 15,969
At 30 November 2023 30,892
NET BOOK VALUE
At 30 November 2023 55,875
At 30 November 2022 44,771

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 221,039
Additions 92,109
At 30 November 2023 313,148
NET BOOK VALUE
At 30 November 2023 313,148
At 30 November 2022 221,039

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 December 2022 (41,002 )
Deficit for the year (37,665 )
At 30 November 2023 (78,667 )