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REGISTERED NUMBER: SC039634 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Moresby Investments Limited

Moresby Investments Limited (Registered number: SC039634)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moresby Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R S Duncan
D G Hyett
G W Hyett
H B Hyett
S M Hyett





REGISTERED OFFICE: North Westfield House
Kingswells
Aberdeen
AB15 8QN





REGISTERED NUMBER: SC039634 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Moresby Investments Limited (Registered number: SC039634)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,316 1,824
Investment property 5 377,255 377,255
378,571 379,079

CURRENT ASSETS
Debtors 6 182,113 182,098
Cash at bank 24,707 37,106
206,820 219,204
CREDITORS
Amounts falling due within one year 7 2,854 2,520
NET CURRENT ASSETS 203,966 216,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,537

595,763

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 577,537 590,763
582,537 595,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Moresby Investments Limited (Registered number: SC039634)

Balance Sheet - continued
31 December 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





H B Hyett - Director


Moresby Investments Limited (Registered number: SC039634)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Moresby Investments Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is recognised at the fair value of the consideration received for investment property income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Moresby Investments Limited (Registered number: SC039634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 17,373 2,500 19,873
DEPRECIATION
At 1 January 2023 15,737 2,312 18,049
Charge for year 326 182 508
At 31 December 2023 16,063 2,494 18,557
NET BOOK VALUE
At 31 December 2023 1,310 6 1,316
At 31 December 2022 1,636 188 1,824

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 377,255
NET BOOK VALUE
At 31 December 2023 377,255
At 31 December 2022 377,255

The directors believe that the fair value of the investment property on 31 December 2023 is £377,255 (2022 - £377,255).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 182,113 182,098

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 2,854 2,520

Moresby Investments Limited (Registered number: SC039634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
H B Hyett
Balance outstanding at start of year 145,493 144,245
Amounts advanced 2,723 4,487
Amounts repaid (2,720 ) (3,239 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 145,496 145,493

9. RELATED PARTY DISCLOSURES

The company is controlled by the director H B Hyett who owns 100% of the issued share capital.