Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12050286 Mr D P Moore Mrs J K Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12050286 2023-03-31 12050286 2024-03-31 12050286 2023-04-01 2024-03-31 12050286 frs-core:CurrentFinancialInstruments 2024-03-31 12050286 frs-core:Non-currentFinancialInstruments 2024-03-31 12050286 frs-core:ShareCapital 2024-03-31 12050286 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12050286 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12050286 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12050286 frs-bus:SmallEntities 2023-04-01 2024-03-31 12050286 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12050286 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12050286 frs-bus:Director1 2023-04-01 2024-03-31 12050286 frs-bus:Director2 2023-04-01 2024-03-31 12050286 frs-countries:EnglandWales 2023-04-01 2024-03-31 12050286 2022-03-31 12050286 2023-03-31 12050286 2022-04-01 2023-03-31 12050286 frs-core:CurrentFinancialInstruments 2023-03-31 12050286 frs-core:Non-currentFinancialInstruments 2023-03-31 12050286 frs-core:ShareCapital 2023-03-31 12050286 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12050286
Moore And More Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Moore And More Properties Limited For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Moore And More Properties Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Moore And More Properties Limited , as a body, in accordance with the terms of our engagement letter dated 13 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of Moore And More Properties Limited and state those matters that we have agreed to state to the directors of Moore And More Properties Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moore And More Properties Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Moore And More Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Moore And More Properties Limited . You consider that Moore And More Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Moore And More Properties 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 financial statements.
Signed
26 September 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Page 1
Page 2
Balance Sheet
Registered number: 12050286
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 217,651 217,651
217,651 217,651
CURRENT ASSETS
Debtors 5 5,902 4,941
Cash at bank and in hand 21,746 48,598
27,648 53,539
Creditors: Amounts Falling Due Within One Year 6 (22,944 ) (28,142 )
NET CURRENT ASSETS (LIABILITIES) 4,704 25,397
TOTAL ASSETS LESS CURRENT LIABILITIES 222,355 243,048
Creditors: Amounts Falling Due After More Than One Year 7 (183,134 ) (208,168 )
NET ASSETS 39,221 34,880
CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 2 2
Profit and Loss Account 39,219 34,878
SHAREHOLDERS' FUNDS 39,221 34,880
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Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J K Moore
Director
26 September 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Moore And More Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12050286 . The registered office is Office 2 Llynfi Enterprise Centre, Heol Ty Gwyn Industrial Estate, Maesteg, CF34 0BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Significant judgements and estimations
The significant accounting policies applied in the application of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
No significant judgements have had to be made by the directors in preparing these financial statements.
2.3. Turnover
Turnover represents the value of rents receivable and other income derived from its property portfolio.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 217,651
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,902 4,941
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,099 6,297
Other creditors 21,845 21,845
22,944 28,142
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 183,134 208,168
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Other Creditors 103,153 128,153
8. Related Party Transactions
The company has an ongoing loan facilities amounting to £203,300 (2022: £288,300) from members of key management personnel. These loans are repayble over fifteen years and the rate of interest charged is 0%. At the balance sheet date, these loans were still outstanding and are presented within Creditors: amounts falling within one year and Creditors: amounts falling due after more than one year as appropriate.
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