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REGISTERED NUMBER: 02973632 (England and Wales)















Moor Park (North Somerset) Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 January 2024






Moor Park (North Somerset) Limited (Registered number: 02973632)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Moor Park (North Somerset) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Miss D L Wall
Miss Z M Wall
Miss L D Wall



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 02973632 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
2 South Parade
Weston-super-Mare
North Somerset
BS23 1JL

Moor Park (North Somerset) Limited (Registered number: 02973632)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,358 9,795
Investment property 6 3,150,000 3,150,000
3,157,358 3,159,795

CURRENT ASSETS
Stocks 1,275,000 1,365,664
Debtors 119,179 17,593
Cash at bank and in hand 657,113 458,348
2,051,292 1,841,605
CREDITORS
Amounts falling due within one year 981,934 969,950
NET CURRENT ASSETS 1,069,358 871,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,226,716

4,031,450

CREDITORS
Amounts falling due after more than one year 7 (356,076 ) (418,793 )

PROVISIONS FOR LIABILITIES (215,225 ) (213,556 )
NET ASSETS 3,655,415 3,399,101

CAPITAL AND RESERVES
Called up share capital 250 250
Investment property reserve 9 1,859,270 1,859,270
Revaluation reserve 335,100 407,764
Retained earnings 1,460,795 1,131,817
SHAREHOLDERS' FUNDS 3,655,415 3,399,101

Moor Park (North Somerset) Limited (Registered number: 02973632)

Abridged Statement of Financial Position - continued
31 January 2024


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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Miss D L Wall - Director


Moor Park (North Somerset) Limited (Registered number: 02973632)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Moor Park (North Somerset) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Moor Park (North Somerset) Limited (Registered number: 02973632)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 37,447
DEPRECIATION
At 1 February 2023 27,652
Charge for year 2,437
At 31 January 2024 30,089
NET BOOK VALUE
At 31 January 2024 7,358
At 31 January 2023 9,795

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 3,150,000
NET BOOK VALUE
At 31 January 2024 3,150,000
At 31 January 2023 3,150,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2015 338,694
Valuation in 2023 1,734,132
Cost 1,077,174
3,150,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 1,077,174 1,077,174

Investment property was valued on a fair value basis on 17 November 2022 by Symonds & Sampson .

Moor Park (North Somerset) Limited (Registered number: 02973632)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans 122,229 159,413

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 420,788 485,500

The bank overdraft and loan are secured by a fixed charge over the company's freehold property and a floating charge over the company's other assets.

9. RESERVES
Investment
property
reserve
£   
At 1 February 2023
and 31 January 2024 1,859,270

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss D L Wall, Miss Z M Wall and Miss L D Wall.

The company was controlled throughout the current and previous year by its directors, by virtue of the fact that they control the ultimate parent company, ZLD Limited, a company incorporated in England and Wales.