Caseware UK (AP4) 2023.0.135 2023.0.135 truefalse2023-02-01No description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05073036 2023-02-01 2024-01-31 05073036 2022-02-01 2023-01-31 05073036 2024-01-31 05073036 2023-01-31 05073036 c:Director5 2023-02-01 2024-01-31 05073036 d:Buildings 2023-02-01 2024-01-31 05073036 d:Buildings 2024-01-31 05073036 d:Buildings 2023-01-31 05073036 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05073036 d:FurnitureFittings 2023-02-01 2024-01-31 05073036 d:FurnitureFittings 2024-01-31 05073036 d:FurnitureFittings 2023-01-31 05073036 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05073036 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05073036 d:CurrentFinancialInstruments 2024-01-31 05073036 d:CurrentFinancialInstruments 2023-01-31 05073036 d:Non-currentFinancialInstruments 2024-01-31 05073036 d:Non-currentFinancialInstruments 2023-01-31 05073036 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05073036 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05073036 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 05073036 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05073036 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 05073036 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 05073036 d:UKTax 2023-02-01 2024-01-31 05073036 d:UKTax 2022-02-01 2023-01-31 05073036 d:ShareCapital 2024-01-31 05073036 d:ShareCapital 2023-01-31 05073036 d:RetainedEarningsAccumulatedLosses 2024-01-31 05073036 d:RetainedEarningsAccumulatedLosses 2023-01-31 05073036 c:OrdinaryShareClass1 2023-02-01 2024-01-31 05073036 c:OrdinaryShareClass1 2024-01-31 05073036 c:OrdinaryShareClass1 2023-01-31 05073036 c:FRS102 2023-02-01 2024-01-31 05073036 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05073036 c:FullAccounts 2023-02-01 2024-01-31 05073036 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05073036 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05073036










Mockbeggar Developments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2024

 
Mockbeggar Developments Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Mockbeggar Developments Limited for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mockbeggar Developments Limited for the year ended 31 January 2024 which comprise  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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mockbeggar Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mockbeggar Developments Limited and state those matters that we have agreed to state to the Board of directors of Mockbeggar Developments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mockbeggar Developments Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mockbeggar Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mockbeggar Developments Limited. You consider that Mockbeggar Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mockbeggar Developments 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 statutory financial statements.

  





Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
25 October 2024
Page 1

 
Mockbeggar Developments Limited
Registered number: 05073036

Balance sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
625,986
640,893

Current assets
  

Debtors: amounts falling due within one year
 6 
84,208
98,744

Bank & cash balances
  
24,450
4,002

  
108,658
102,746

Creditors: amounts falling due within one year
 7 
(82,762)
(35,295)

Net current assets
  
 
 
25,896
 
 
67,451

Total assets less current liabilities
  
651,882
708,344

Creditors: amounts falling due after more than one year
 8 
(24,000)
-

  

Net assets
  
627,882
708,344


Capital and reserves
  

Called up share capital 
 10 
600,000
600,000

Profit and loss account
  
27,882
108,344

  
627,882
708,344


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J P G Myatt
Director
Date: 25 October 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

1.


General information

Mockbeggar Developments Limited ("the company") is a private company limited by shares and is incorporated in England with the registration number 05073036. The address of the registered office is Mockbeggar Farm, Town Road Higham, Rochester, Kent, ME3 8EU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Fixtures & fittings
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2023 - £nil).





Page 4

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
8,528


-
8,528


Total current tax
-
8,528

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 5

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

5.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
745,226
55,219
800,445



At 31 January 2024

745,226
55,219
800,445



Depreciation


At 1 February 2023
104,335
55,217
159,552


Charge for the year on owned assets
14,905
2
14,907



At 31 January 2024

119,240
55,219
174,459



Net book value



At 31 January 2024
625,986
-
625,986



At 31 January 2023
640,891
2
640,893




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
625,986
640,891


Page 6

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

6.


Debtors

2024
2023
£
£


Trade debtors
52,401
29,365

Amounts owed by group undertakings
29,900
29,900

Other debtors
1,907
39,479

84,208
98,744



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
-

Trade creditors
10,325
11,363

Corporation tax
-
8,528

Other taxation and social security
2,596
1,253

Other creditors
46,807
4,697

Accruals and deferred income
17,034
9,454

82,762
35,295



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,000
-


The following liabilities were secured:

2024
2023
£
£



Bank loan
30,000
-

30,000
-

Details of security provided:

The company has a bank loan amounting to £30,000 as of 31 January 2024. The loan is secured by a charge over the company's registered office located at Mockbeggar Farm, Town Road, Higham, Cliffe Woods, Rochester and its associated assets. 

Page 7

 
Mockbeggar Developments Limited
 

 
Notes to the financial statements
For the Year Ended 31 January 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,000
-


6,000
-

Amounts falling due 1-2 years

Bank loans
24,000
-


24,000
-



30,000
-



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



600,000 (2023 - 600,000) Ordinary shares of £1.00 each
600,000
600,000



11.


Related party transactions

J Myatt & Co is a related party of Mockbeggar Developments Limited as J P G Myatt is a partner of J Myatt & Co and director of Mockbeggar Developments Limited. During the year under review Mockbeggar Developments Limited made net sales to J Myatt & Co of £Nil and net purchase of £575. At the balance sheet date J Myatt & Co owed Mockbeggar Developments Limited £35,690 (2023 - £34,471). Included in this balance is an interest free loan from J Myatt & Co of £35,000 (2023 - interest free loan to J Myatt & Co of £29,000). This loan is repayable on demand.
Mockbeggar Packing Limited is a related party of Mockbeggar Developments Limited as J P G Myatt is a director of both companies. During the year under review Mockbeggar Developments Limited made net sales to Mockbeggar Packing Limited of £11,333 and net purchase of £nil. At the balance sheet date Mockbeggar Packing Limited owed Mockbeggar Developments Limited £10,200 (2023 - £13,600).
Mockbeggar Limited is a related party of Mockbeggar Developments Limited as J P G Myatt is a director of both companies. During the year under review Mockbeggar Developments Limited made net sales to Mockbeggar Limited of £2,184 and net purchase of £nil. At the balance sheet date Mockbeggar Developments Limited owed Mockbeggar Limited £nil (2023 - £nil).
Myatt Holdings Ltd owed Mockbeggar Developments Limited its subsidiary company £29,900 (2023 - £29,900) at the balance sheet date. This is an interest free loan from Mockbeggar Developments Limited and is repayable on demand.


Page 8