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REGISTERED NUMBER: 08126489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Moorbridge Developments Limited

Moorbridge Developments Limited (Registered number: 08126489)






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


Moorbridge Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr G W Jowett
Mr I Jowett





SECRETARY: Mr I Jowett





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 08126489 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Moorbridge Developments Limited (Registered number: 08126489)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,292 665
Investments 5 33,427 66,455
Investment property 6 980,382 860,000
1,078,101 927,120

CURRENT ASSETS
Stocks 16,788 -
Debtors 7 1,596,812 1,434,767
Cash at bank 506,358 977,483
2,119,958 2,412,250
CREDITORS
Amounts falling due within one year 8 976,087 1,158,497
NET CURRENT ASSETS 1,143,871 1,253,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,221,972

2,180,873

CREDITORS
Amounts falling due after more than one
year

9

(52,611

)

(288,311

)

PROVISIONS FOR LIABILITIES (150,352 ) (134,445 )
NET ASSETS 2,019,009 1,758,117

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 402,838 402,838
Retained earnings 1,616,071 1,355,179
SHAREHOLDERS' FUNDS 2,019,009 1,758,117

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.

Moorbridge Developments Limited (Registered number: 08126489)

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 Comprehensive Income 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:





Mr I Jowett - Director


Moorbridge Developments Limited (Registered number: 08126489)

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

1. STATUTORY INFORMATION

Moorbridge Developments 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.

Preparation of consolidated financial statements
The financial statements contain information about Moorbridge Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

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.

Moorbridge Developments Limited (Registered number: 08126489)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 - 998 998
Additions 79,950 - 79,950
At 31 December 2023 79,950 998 80,948
DEPRECIATION
At 1 January 2023 - 333 333
Charge for year 15,990 333 16,323
At 31 December 2023 15,990 666 16,656
NET BOOK VALUE
At 31 December 2023 63,960 332 64,292
At 31 December 2022 - 665 665

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 - 66,455 66,455
Additions 61 - 61
Disposals - (33,089 ) (33,089 )
At 31 December 2023 61 33,366 33,427
NET BOOK VALUE
At 31 December 2023 61 33,366 33,427
At 31 December 2022 - 66,455 66,455

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 860,000
Additions 120,382
At 31 December 2023 980,382
NET BOOK VALUE
At 31 December 2023 980,382
At 31 December 2022 860,000

Moorbridge Developments Limited (Registered number: 08126489)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 219,675
Valuation in 2022 317,442
Cost 443,265
980,382

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

2023 2022
£    £   
Cost 443,264 322,883

Investment property was valued on an open market basis on 31 December 2023 by Mr Ian Jowett, Director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,658 558
Amounts owed by group undertakings 231,357 -
Other debtors 1,362,797 1,434,209
1,596,812 1,434,767

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,576
Hire purchase contracts 12,098 -
Trade creditors 10,845 711
Taxation and social security 7,890 56,653
Other creditors 945,254 1,090,557
976,087 1,158,497

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 288,311
Hire purchase contracts 52,611 -
52,611 288,311

Moorbridge Developments Limited (Registered number: 08126489)

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

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £744,640 (2022: £437,179).

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £743,942 (2022: £864,245).

The balance outstanding on interest free loans provided to a subsidiary company amounted to £231,357 (2022: £Nil).