Registered number
09854288
Moore Capital Ltd
Filleted Accounts
30 November 2023
Moore Capital Ltd
Registered number: 09854288
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 994,125 994,865
Current assets
Cash at bank and in hand 11,795 5,262
Creditors: amounts falling due within one year 4 (925,354) (930,437)
Net current liabilities (913,559) (925,175)
Total assets less current liabilities 80,566 69,690
Provisions for liabilities (14,816) (15,090)
Net assets 65,750 54,600
Capital and reserves
Called up share capital 1 1
Revaluation reserve 5 63,829 63,829
Profit and loss account 1,920 (9,230)
Shareholder's funds 65,750 54,600
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J V Johnson
Director
Approved by the board on 23 August 2024
Moore Capital Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings 20% on cost
Computer equipment 33% on cost
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 992,720 31,488 1,024,208
Additions - 249 249
At 30 November 2023 992,720 31,737 1,024,457
Depreciation
At 1 December 2022 - 29,343 29,343
Charge for the year - 989 989
At 30 November 2023 - 30,332 30,332
Net book value
At 30 November 2023 992,720 1,405 994,125
At 30 November 2022 992,720 2,145 994,865
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,725 650
Other creditors 922,629 929,787
925,354 930,437
5 Revaluation reserve 2023 2022
£ £
At 1 December 2022 63,829 44,193
Gain on revaluation of land and buildings - 24,050
Deferred taxation arising on the revaluation of land and buildings - (4,414)
At 30 November 2023 63,829 63,829
6 Other information
Moore Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holly Cottage
Home Farm Close
Lighthorne
Warwickshire
CV35 0AW
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