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REGISTERED NUMBER: 06998667 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

MORELAND PROPERTY GROUP LIMITED

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 18

MORELAND PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTOR: L C Freilich





SECRETARY: B Grossman





REGISTERED OFFICE: 5 Sentinel Square
Hendon
London
NW4 2EL





REGISTERED NUMBER: 06998667 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

BALANCE SHEET
29 DECEMBER 2023

29.12.23 30.12.22
Notes £    £   
FIXED ASSETS
Investments 4 50,611 50,611

CURRENT ASSETS
Debtors 5 6,133,541 5,587,738
Cash at bank and in hand 51,299 33,014
6,184,840 5,620,752
CREDITORS
Amounts falling due within one year 6 (983,649 ) (654,355 )
NET CURRENT ASSETS 5,201,191 4,966,397
TOTAL ASSETS LESS CURRENT LIABILITIES 5,251,802 5,017,008

CREDITORS
Amounts falling due after more than one year 7 (4,868,008 ) (4,965,417 )
NET ASSETS 383,794 51,591

CAPITAL AND RESERVES
Called up share capital 9 51,200 51,200
Retained earnings 10 332,594 391
SHAREHOLDERS' FUNDS 383,794 51,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

BALANCE SHEET - continued
29 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 director and authorised for issue on 23 September 2024 and were signed by:





L C Freilich - Director


MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


1. STATUTORY INFORMATION

Moreland Property Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Taxation
Taxation for the period 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 period 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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no state interest rate and receivable or payable within one year are recoded at transactions price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 31 December 2022
and 29 December 2023 50,611
NET BOOK VALUE
At 29 December 2023 50,611
At 30 December 2022 50,611

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

Residential Freeholds Ltd
Registered office: United Kingdom
Nature of business: investments
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 366,358 454,216
Profit for the period 162,142 172,401

Buy To Let Investments Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 437,160 431,100
Profit/(loss) for the period 6,060 35,784

MP Group Services Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 27,073 23,347
Profit/(loss) for the period 3,725 22,895

Elyar Properties Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 63,179 55,009
Profit for the period 8,170 3,645

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

The Student Hotel Ltd
Registered office: United Kingdom
Nature of business: dormant
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 2 2
Profit for the period - -

Moreland Asset Management Ltd
Registered office: United Kingdom
Nature of business: dormant
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 100 100
Profit for the period - -

9 Rosary Gardens SW7 4NN Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 12,598 12,598
Profit for the period - -

Edmund Kirby Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 20,186 12,773
Profit for the period 7,413 3.123


MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued
The Feathers Chester Street Wrexham Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 109,675 91,328
Profit for the period 18,347 13,779

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued
Ground Rent Trst Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves - -
Profit for the period - -
Freehold Reversions 4 Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 241,491 209,640
Profit for the period 31,851 76,730

Dunphys Holdings Ltd
Registered office: United Kingdom
Nature of business: holding company
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 287,780 287,780
(Loss) for the period - (1,800 )
Dunphys Ltd
Registered office: United Kingdom
Nature of business: other engineering activities
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves (5,981 ) 41,268
Profit/(loss) for the period (47,249 ) 38,313
Reelstone Property Holdings Ltd
Registered office: United Kingdom
Nature of business: holding company

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 57,588 55,138
Profit/(loss) for the period 202,450 143,701

Ground Rent Trading Ltd
Registered office: United Kingdom
Nature of business: investments
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 1,171,791 1,176,652
Profit/ (loss) for the period (4,861 ) 12,166

8 Cole Street Ltd
Registered office: United Kingdom
Nature of business: investments
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves (52,832 ) (52,832 )
Profit for the period - -
Ground Rent Trading (Liverpool) Ltd
Registered office: United Kingdom
Nature of business: real estate
%
Class of shares Holding
Ordinary 100.00
2023 2022
£ £
Aggregate capital and reserves 33,287 21,198
Profit for the period 12,089 10,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed by group undertakings 6,133,541 5,587,738

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 30.12.22
£    £   
Amounts owed to group undertakings 675,062 368,309
Taxation and social security 25,296 6
Other creditors 283,291 286,040
983,649 654,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 30.12.22
£    £   
Bank loans (see note 8) 4,868,008 4,965,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,868,008 4,965,417

8. LOANS

An analysis of the maturity of loans is given below:

29.12.23 30.12.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 4,868,008 4,965,417

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.12.23 30.12.22
value: £    £   
51,200 Ordinary 1 51,200 51,200

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


10. RESERVES
Retained
earnings
£   

At 31 December 2022 391
Profit for the period 632,203
Dividends (300,000 )
At 29 December 2023 332,594

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES

Yishlet Properties Limited
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due to related party at the balance sheet date 1,690 1,690

Lighthouse Building Management Ltd
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due to related party at the balance sheet date 40,000 40,000

Friars House Aylesbury Limited
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due to related party at the balance sheet date 50,000 50,000

Dunphys Holdings Limited
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due to related party at the balance sheet date 164,060 200,000


Moreland Estate Management Ltd
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due from related party at the balance sheet date 153,024 -



MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

Moreland Estate Property Management Ltd
A company under common control.

The amount is repayable on demand
2023 2022
£
Amount due from related party at the balance sheet date 109,157 -


Reelstone Property Holdings Limited

A wholly owned subsidiary of the company


Other income relates to a dividend received of £200,000 (2022: £140,000) from Reelstone Property Holdings Limited.

The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 1,442,946 1,265,023

Ground Rent Trading Limited

A wholly owned subsidiary of the company


The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due to related party at the balance sheet date 412,881 368,309

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES - continued

The directors


The following advances and credits to a director subsisted during the years ended 31 December 2021 and
30 December 2020:

2023 2022
£ £
The directors:
Balance outstanding at start of year (15,294 ) (13,428 )
Amounts advanced 364,620 318,134
Amounts repaid (61,871 ) -
Dividends paid to directors (300,000 ) (320,000 )
Balance outstanding at end of year (12,545 ) (15,294 )


MP Group Services Ltd

A wholly owned subsidiary of the company


The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 840,865 828,297

Residential Freeholds Ltd

A wholly owned subsidiary of the company


Other income relates to a dividend received of £250,000 (2022: £100,000) from Residential Freeholds Ltd.

The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 1,962,980 1,712,980

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES - continued

Ground Rent Trading Liverpool Ltd

A wholly owned subsidiary of the company


The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 140,677 91,374

Freehold Reversions 4 Ltd

A wholly owned subsidiary of the company


Other income relates to a dividend received of £Nil (2022: £50,000) from Freehold Reversions 4 Ltd.

The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 580,150 580,150

The Feathers Chester Ltd

A wholly owned subsidiary of the company


The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 207,205 207,205

MORELAND PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06998667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023


11. RELATED PARTY DISCLOSURES - continued

Chancery Lane Investments Ltd

A company under common control


The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 144,791 144,791

MW Freeholds Ltd

A company under common control


Other income relates to a dividend received of £100,000 (2022: £Nil) from MW Freeholds Ltd.

The amount is payable on demand.

29.12.23 30.12.22
£    £   
Amount due from related party at the balance sheet date 523,194 445,000

12. ULTIMATE CONTROLLING PARTY

The controlling party is the director..

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MORELAND PROPERTY GROUP LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moreland Property Group Limited for the period ended 29 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Moreland Property Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moreland Property Group Limited and state those matters that we have agreed to state to the director of Moreland Property Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moreland Property Group Limited and its director for our work or for this report.

It is your duty to ensure that Moreland Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moreland Property Group Limited. You consider that Moreland Property Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Moreland Property Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


23 September 2024