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Company Registration No. 11827201 (England and Wales)
More Maison Ltd Unaudited accounts for the year ended 31 March 2024
More Maison Ltd Unaudited accounts Contents
Page
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More Maison Ltd Company Information for the year ended 31 March 2024
Directors
Maria Diane Loosemore Mark John Loosemore
Company Number
11827201 (England and Wales)
Registered Office
Loosemore House Brannam Crescent, Roundswell Business Pa Barnstaple Devon EX31 3TD England
Accountants
Swift Accounting & Bookkeeping Services Ltd Ground Floor, The Custom House The Strand Barnstaple Devon EX31 1EU
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More Maison Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,944 
2,794 
Investment property
5,955,000 
5,955,000 
5,987,944 
5,957,794 
Current assets
Debtors
242,645 
218,210 
Cash at bank and in hand
76,771 
229,915 
319,416 
448,125 
Creditors: amounts falling due within one year
(129,185)
(248,911)
Net current assets
190,231 
199,214 
Total assets less current liabilities
6,178,175 
6,157,008 
Creditors: amounts falling due after more than one year
(29,517)
- 
Provisions for liabilities
Deferred tax
(118,695)
(111,130)
Net assets
6,029,963 
6,045,878 
Capital and reserves
Called up share capital
5,946,380 
5,946,380 
Profit and loss account
83,583 
99,498 
Shareholders' funds
6,029,963 
6,045,878 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Mark John Loosemore Director Company Registration No. 11827201
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More Maison Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
More Maison Ltd is a private company, limited by shares, registered in England and Wales, registration number 11827201. The registered office is Loosemore House, Brannam Crescent, Roundswell Business Pa, Barnstaple, Devon, EX31 3TD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line over 5 years
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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More Maison Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
3,199 
- 
1,746 
4,945 
Additions
- 
38,793 
- 
38,793 
At 31 March 2024
3,199 
38,793 
1,746 
43,738 
Depreciation
At 1 April 2023
1,012 
- 
1,139 
2,151 
Charge for the year
639 
7,758 
246 
8,643 
At 31 March 2024
1,651 
7,758 
1,385 
10,794 
Net book value
At 31 March 2024
1,548 
31,035 
361 
32,944 
At 31 March 2023
2,187 
- 
607 
2,794 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
5,955,000 
At 31 March 2024
5,955,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,062 
5,260 
Accrued income and prepayments
230 
498 
Other debtors
228,353 
212,452 
242,645 
218,210 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
100,000 
Obligations under finance leases and hire purchase contracts
3,648 
- 
Trade creditors
6 
1,910 
Taxes and social security
- 
24,952 
Other creditors
1,075 
1,075 
Loans from directors
123,256 
113,569 
Accruals
1,200 
4,366 
Deferred income
- 
3,039 
129,185 
248,911 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
29,517 
- 
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More Maison Ltd Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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