Move 80 Ltd 11944741 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Letting and operating of own or leased properties Digita Accounts Production Advanced 6.30.9574.0 true true 11944741 2023-05-01 2024-04-30 11944741 2024-04-30 11944741 core:RetainedEarningsAccumulatedLosses 2024-04-30 11944741 core:ShareCapital 2024-04-30 11944741 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11944741 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11944741 core:LandBuildings 2024-04-30 11944741 bus:SmallEntities 2023-05-01 2024-04-30 11944741 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11944741 bus:FullAccounts 2023-05-01 2024-04-30 11944741 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11944741 bus:RegisteredOffice 2023-05-01 2024-04-30 11944741 bus:Director1 2023-05-01 2024-04-30 11944741 bus:Director2 2023-05-01 2024-04-30 11944741 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11944741 core:PlantMachinery 2023-05-01 2024-04-30 11944741 countries:UnitedKingdom 2023-05-01 2024-04-30 11944741 2023-04-30 11944741 core:LandBuildings 2023-04-30 11944741 2022-05-01 2023-04-30 11944741 2023-04-30 11944741 core:RetainedEarningsAccumulatedLosses 2023-04-30 11944741 core:ShareCapital 2023-04-30 11944741 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11944741 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11944741 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 11944741

Move 80 Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Move 80 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Move 80 Ltd

Company Information

Directors





 

Mr Roberto D'Alessandro

Mr Simone Guerini Rocco

Registered office






 

Unit 19 Silverwing Industrial Estate
Horatius Way
Croydon
Surrey
CR0 4RU

Accountants

A S Partnership Ltd
Chartered Certified Accountants
158 Stafford Road
Wallington
Surrey
SM6 9BS

 

Move 80 Ltd

(Registration number: 11944741)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

           

Fixed Assets

   

 

Tangible Assets

4

 

126,303

 

126,303

Current assets

   

 

Cash at bank and in hand

 

2,510

 

6,695

 

Creditors: Amounts falling due within one year

5

(37,625)

 

(34,284)

 

Net current liabilities

   

(35,115)

 

(27,589)

Total assets less current liabilities

   

91,188

 

98,714

Creditors: Amounts falling due after more than one year

5

 

(117,741)

 

(117,721)

Net liabilities

   

(26,553)

 

(19,007)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

(26,653)

 

(19,107)

 

Total equity

   

(26,553)

 

(19,007)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Move 80 Ltd

(Registration number: 11944741)
Balance Sheet as at 30 April 2024

As permitted by s444A and s444(5A) of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the directors report, profit and loss account and associated notes.

Approved and authorised by the Board on 2 October 2024 and signed on its behalf by:
 

.........................................
Mr Roberto D'Alessandro
Director

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 19 Silverwing Industrial Estate
Horatius Way
Croydon
Surrey
CR0 4RU
United Kingdom

These financial statements were authorised for issue by the Board on 2 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

126,303

126,303

At 30 April 2024

126,303

126,303

Depreciation

Carrying amount

At 30 April 2024

126,303

126,303

At 30 April 2023

126,303

126,303

Included within the net book value of land and buildings above is £126,303 (2023 - £126,303) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

2,430

1,089

Directors' loan accounts

 

35,195

33,195

 

37,625

34,284

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

117,741

117,721

Above includes loans secured against let properties maturing in 2047

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100