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Company No: 00563617 (England and Wales)

HAROLD MOORE AND SON (BUILDERS) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

HAROLD MOORE AND SON (BUILDERS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

HAROLD MOORE AND SON (BUILDERS) LIMITED

BALANCE SHEET

As at 30 April 2024
HAROLD MOORE AND SON (BUILDERS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 354 434
Investment property 4 953,332 953,332
953,686 953,766
Current assets
Stocks 100 100
Debtors 5 294,500 298,100
Cash at bank and in hand 125,277 102,478
419,877 400,678
Creditors: amounts falling due within one year 6 ( 178,840) ( 175,395)
Net current assets 241,037 225,283
Total assets less current liabilities 1,194,723 1,179,049
Provision for liabilities ( 73,000) ( 73,000)
Net assets 1,121,723 1,106,049
Capital and reserves
Called-up share capital 7 2,003 2,003
Revaluation reserve 515,782 515,782
Profit and loss account 603,938 588,264
Total shareholders' funds 1,121,723 1,106,049

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 financial statements of Harold Moore and Son (Builders) Limited (registered number: 00563617) were approved and authorised for issue by the Board of Directors on 09 October 2024. They were signed on its behalf by:

G Darsley
Director
HAROLD MOORE AND SON (BUILDERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
HAROLD MOORE AND SON (BUILDERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harold Moore and Son (Builders) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 104 Whitchurch Road, Tavistock, Devon, PL19 9BQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Previous accounts have been prepared using Companies Act 2006 Format 2 for the profit and loss account. The director has taken the decision to report using Format 1 to improve the presentation of the figures for both the current and comparative year.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 May 2023 6,050 7,850 13,900
At 30 April 2024 6,050 7,850 13,900
Accumulated depreciation
At 01 May 2023 5,712 7,754 13,466
Charge for the financial year 56 24 80
At 30 April 2024 5,768 7,778 13,546
Net book value
At 30 April 2024 282 72 354
At 30 April 2023 338 96 434

4. Investment property

Investment property
£
Valuation
As at 01 May 2023 953,332
As at 30 April 2024 953,332

5. Debtors

2024 2023
£ £
Other debtors 294,500 298,100

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 10,388 9,003
Other creditors 168,452 166,392
178,840 175,395

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each 2,000 2,000
3 Ordinary A shares of £ 1.00 each 3 3
2,003 2,003

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Lon from a director 165,927 163,294

During the year the company operated a loan account with one of its directors. No interest is charged on this loan.

Other related party transactions

2024 2023
£ £
Loan to related party 294,500 298,100

The company has lent funds to O J Moore Builders Ltd, a company in which a director has an interest. No interest is charged on this loan.