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REGISTERED NUMBER: 11769760 (England and Wales)

















Moigne Combe Estate Limited

Financial Statements

for the Year Ended 31 January 2024






Moigne Combe Estate Limited (Registered number: 11769760)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Moigne Combe Estate Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: Ms E L Holmes





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 11769760 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Moigne Combe Estate Limited (Registered number: 11769760)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,362,330 3,282,677

CURRENT ASSETS
Debtors 5 508,507 331,713
Cash at bank 80,039 329,410
588,546 661,123
CREDITORS
Amounts falling due within one year 6 1,000,411 987,301
NET CURRENT LIABILITIES (411,865 ) (326,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,950,465

2,956,499

CREDITORS
Amounts falling due after more than one
year

7

2,120,137

2,185,186
NET ASSETS 830,328 771,313

CAPITAL AND RESERVES
Called up share capital 151 151
Share premium 1,019,949 1,019,949
Retained earnings (189,772 ) (248,787 )
SHAREHOLDERS' FUNDS 830,328 771,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Ms E L Holmes - Director


Moigne Combe Estate Limited (Registered number: 11769760)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Moigne Combe Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Moigne Combe Estate Limited (Registered number: 11769760)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 February 2023 3,279,499 7,532 3,287,031
Additions 80,448 - 80,448
At 31 January 2024 3,359,947 7,532 3,367,479
DEPRECIATION
At 1 February 2023 - 4,354 4,354
Charge for year - 795 795
At 31 January 2024 - 5,149 5,149
NET BOOK VALUE
At 31 January 2024 3,359,947 2,383 3,362,330
At 31 January 2023 3,279,499 3,178 3,282,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 508,507 331,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,767 37,263
Trade creditors 3,579 3,147
Other creditors 939,065 946,891
1,000,411 987,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,120,137 2,185,186

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,854,846 1,006,088

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,177,904 2,222,449

Bank loans are secured by a legal charge over the company's freehold property created in April 2019 together with a debenture comprising fixed and floating charges over all property or undertaking of the company.