Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312true2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseNo description of principal activity2false 03951377 2023-01-01 2023-12-31 03951377 2022-01-01 2022-12-31 03951377 2023-12-31 03951377 2022-12-31 03951377 c:Director4 2023-01-01 2023-12-31 03951377 d:CurrentFinancialInstruments 2023-12-31 03951377 d:CurrentFinancialInstruments 2022-12-31 03951377 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03951377 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03951377 d:ShareCapital 2023-12-31 03951377 d:ShareCapital 2022-12-31 03951377 d:RetainedEarningsAccumulatedLosses 2023-12-31 03951377 d:RetainedEarningsAccumulatedLosses 2022-12-31 03951377 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03951377 c:OrdinaryShareClass1 2023-12-31 03951377 c:FRS102 2023-01-01 2023-12-31 03951377 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03951377 c:FullAccounts 2023-01-01 2023-12-31 03951377 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03951377 d:EntityControlledByKeyManagementPersonnel1 2023-01-01 2023-12-31 03951377 d:EntityControlledByKeyManagementPersonnel1 2023-12-31 03951377 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03951377









MOREARC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MOREARC LIMITED
REGISTERED NUMBER: 03951377

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023


2023

2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
97,344
97,344

  
97,344
97,344

Creditors: amounts falling due within one year
 5 
(6,603)
(4,234)

Net current assets
  
 
 
90,741
 
 
93,110

  

Net assets
  
90,741
93,110


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
90,740
93,109

  
90,741
93,110


Page 1

 
MOREARC LIMITED
REGISTERED NUMBER: 03951377
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.



B C Hayes
Director


The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
MOREARC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Morearc Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in buying and selling of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006, and on the assumption that the company is a going concern.
The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue from a contract to provide services is recognised in the year in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
•    the amount of revenue can be measured reliably; and
•    it is probable that the Company will receive the consideration due under the contract.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. 

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
MOREARC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
97,344
97,344

97,344
97,344



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,705
1,336

Accruals and deferred income
2,898
2,898

6,603
4,234



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



7.


Related party transactions

Included within other creditors is an amount owed to the beneficial owner of the company of £3,705 (2022 - £1,336). During the year fees receivable of £1,152 (2022 - £960) were charged to the beneficial owner. 

 
Page 4