Company Registration No. 08833014 (England and Wales)
Motcombe Land Investments Limited
Unaudited accounts
for the year ended 31 January 2024
Motcombe Land Investments Limited
Unaudited accounts
Contents
Motcombe Land Investments Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,562,702
1,806,184
Cash at bank and in hand
40,646
15,891
Creditors: amounts falling due within one year
(78,610)
(619,828)
Net current liabilities
(37,964)
(603,937)
Total assets less current liabilities
1,524,738
1,202,247
Creditors: amounts falling due after more than one year
(798,646)
(805,046)
Provisions for liabilities
Deferred tax
(122,115)
(38,365)
Net assets
603,977
358,836
Called up share capital
101
101
Revaluation reserve
536,917
201,917
Profit and loss account
66,959
156,818
Shareholders' funds
603,977
358,836
For the year ending 31 January 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 18 October 2024 and were signed on its behalf by
R. Lever
Director
Company Registration No. 08833014
Motcombe Land Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
Motcombe Land Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08833014. The registered office is 85 Great Portland Street, West Central, London, W1W 7LT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 February 2023
1,799,000
26,266
1,449
1,826,715
Revaluations
335,000
-
-
335,000
Disposals
(584,000)
-
-
(584,000)
At 31 January 2024
1,550,000
26,266
9,147
1,585,413
At 1 February 2023
-
19,639
892
20,531
Charge for the year
-
1,657
523
2,180
At 31 January 2024
-
21,296
1,415
22,711
At 31 January 2024
1,550,000
4,970
7,732
1,562,702
At 31 January 2023
1,799,000
6,627
557
1,806,184
Motcombe Land Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,400
6,400
Taxes and social security
-
6,805
Other creditors
1,608
1,609
Loans from directors
69,402
603,814
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
798,646
805,046
7
Transactions with related parties
At the year end the company owed £69,402 (2023 - £603,814) to the director of the company, in respect of an interest free loan which is repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).