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REGISTERED NUMBER: 04995924 (England and Wales)















MOORPARK SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)






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


MOORPARK SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mrs J M Martin
Mrs E S Hunter





SECRETARY: Mrs E S Hunter





REGISTERED OFFICE: Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ





REGISTERED NUMBER: 04995924 (England and Wales)





ACCOUNTANTS: Busbys
Chartered Accountants
Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ

MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,484 7,113
Investment property 5 495,000 495,000
501,484 502,113

CURRENT ASSETS
Debtors 6 44,609 196,995
Cash at bank 158,611 35,467
203,220 232,462
CREDITORS
Amounts falling due within one year 7 9,103 4,232
NET CURRENT ASSETS 194,117 228,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,601

730,343

PROVISIONS FOR LIABILITIES 87,357 87,357
NET ASSETS 608,244 642,986

CAPITAL AND RESERVES
Called up share capital 9 10,500 10,500
Capital redemption reserve 10 11,375 11,375
Retained earnings 10 586,369 621,111
SHAREHOLDERS' FUNDS 608,244 642,986

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.

MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mrs E S Hunter - Director


MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Moorpark Services 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.

Turnover
Turnover represents amounts invoiced by the company in respect of holiday letting 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 - 15% on reducing balance
Motor vehicles - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

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

MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1 7,022 6,000 - 13,023
Additions - - - 1,163 1,163
At 31 December 2023 1 7,022 6,000 1,163 14,186
DEPRECIATION
At 1 January 2023 - 3,285 2,625 - 5,910
Charge for year - 562 844 386 1,792
At 31 December 2023 - 3,847 3,469 386 7,702
NET BOOK VALUE
At 31 December 2023 1 3,175 2,531 777 6,484
At 31 December 2022 1 3,737 3,375 - 7,113

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 495,000
NET BOOK VALUE
At 31 December 2023 495,000
At 31 December 2022 495,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 158,623
Valuation in 2020 113,331
Valuation in 2021 21,975
Valuation in 2022 55,500
Cost 145,571
495,000

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Amounts owed by associated companies - 3,008
Sundry debtors 44,609 48,837
44,609 51,845

MOORPARK SERVICES LIMITED (REGISTERED NUMBER: 04995924)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Other debtors - 145,150

Aggregate amounts 44,609 196,995

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 3,807 -
Other creditors 5,296 4,232
9,103 4,232

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 5,214

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
120,956 Ordinary A £0.01 1,210 1,210
929,044 Ordinary B £0.01 9,290 9,290
10,500 10,500

10. RESERVES

Included within retained earnings are non-distributable reserves of £262,071 (2022 : £262,071) relating to the revaluation of the investment property. This leaves distributable reserves of £324,298 (2022 : £359,040).

11. RELATED PARTY DISCLOSURES

Other debtors includes loans to the directors of £29,943 (2022 : £20,115). Interest was charged at the Official Rate, where applicable.

12. CONTROLLING PARTY

Moorpark Services Limited is wholly owned by Bubhurst Limited, a company registered in England & Wales.

The registered office of Bubhurst Limited is Unit 7 Pickhill Business Centre, Smallhythe Road, Tenterden, Kent, TN30 7LZ.