Company Registration No. 09990285 (England and Wales)
MOTUM Property Ltd
Unaudited accounts
for the year ended 31 March 2024
MOTUM Property Ltd
Unaudited accounts
Contents
MOTUM Property Ltd
Company Information
for the year ended 31 March 2024
Directors
Daniel Ian Foy Evans
Diana Margaret Evans
Company Number
09990285 (England and Wales)
Registered Office
1 Hodge Road
Walkden
Manchester
M28 3AU
Accountants
Monton Green Accountancy Ltd
5 Hawthorn Avenue
Eccles
Manchester
M30 9NE
MOTUM Property Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
457,581
457,581
Cash at bank and in hand
8,479
1,888
Creditors: amounts falling due within one year
(184,975)
(177,704)
Net current liabilities
(176,496)
(174,582)
Total assets less current liabilities
281,085
282,999
Creditors: amounts falling due after more than one year
(240,442)
(259,444)
Called up share capital
2
2
Profit and loss account
40,641
23,553
Shareholders' funds
40,643
23,555
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 23 October 2024 and were signed on its behalf by
Daniel Ian Foy Evans
Director
Company Registration No. 09990285
MOTUM Property Ltd
Notes to the Accounts
for the year ended 31 March 2024
MOTUM Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09990285. The registered office is 1 Hodge Road, Walkden, Manchester, M28 3AU.
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.
Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Motor vehicles
33% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
457,581
100
457,681
At 31 March 2024
457,581
100
457,681
At 31 March 2024
-
100
100
At 31 March 2024
457,581
-
457,581
At 31 March 2023
457,581
-
457,581
MOTUM Property Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
-
1,234
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,418
17,579
Taxes and social security
5,083
-
Other creditors
40,335
40,727
Loans from directors
117,579
118,405
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
240,442
259,444
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).