Motivethird Limited 02276296 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property investment and development Digita Accounts Production Advanced 6.30.9574.0 true Mr Roger Andrew Dodd 02276296 2023-04-01 2024-03-31 02276296 2024-03-31 02276296 bus:OrdinaryShareClass1 2024-03-31 02276296 core:RetainedEarningsAccumulatedLosses 2024-03-31 02276296 core:ShareCapital 2024-03-31 02276296 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02276296 core:LandBuildings 2024-03-31 02276296 bus:FRS102 2023-04-01 2024-03-31 02276296 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02276296 bus:FullAccounts 2023-04-01 2024-03-31 02276296 bus:RegisteredOffice 2023-04-01 2024-03-31 02276296 bus:Director1 2023-04-01 2024-03-31 02276296 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02276296 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 02276296 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02276296 core:Land 2023-04-01 2024-03-31 02276296 countries:AllCountries 2023-04-01 2024-03-31 02276296 2023-03-31 02276296 core:LandBuildings 2023-03-31 02276296 2023-03-31 02276296 bus:OrdinaryShareClass1 2023-03-31 02276296 core:RetainedEarningsAccumulatedLosses 2023-03-31 02276296 core:ShareCapital 2023-03-31 02276296 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02276296 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02276296

Motivethird Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Motivethird Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Motivethird Limited

(Registration number: 02276296)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

7,258

7,258

Current assets

 

Cash at bank and in hand

 

89

89

Creditors: Amounts falling due within one year

5

(11,051)

(11,051)

Net current liabilities

 

(10,962)

(10,962)

Net liabilities

 

(3,704)

(3,704)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(3,706)

(3,706)

Shareholders' deficit

 

(3,704)

(3,704)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 November 2024
 

Mr Roger Andrew Dodd
Director

   
     
 

Motivethird Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Church House
Church Street
Yeovil
Somerset
BA20 1HB

The principal place of business is:
Plum Orchard House
Nether Compton
Sherborne
Dorset
DT9 4QA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared in accordance with the Company's dormant status.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

Nil

 

Motivethird Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
FRS 102 classifies financial instruments as either basic financial instruments or other financial instruments. The accounting treatment varies according to the classification.
Basic financial instruments are defined as one of the following:
- cash
- a debt instrument (such as accounts receivable and payable)
- commitment to receive a loan that satisfy certain criteria
- investments in non-convertible preference shares, and non puttable ordinary shares.

All other financial instruments are classed as other financial instruments and treated accordingly.

 Recognition and measurement
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
 

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

7,258

7,258

At 31 March 2024

7,258

7,258

Depreciation

Carrying amount

At 31 March 2024

7,258

7,258

At 31 March 2023

7,258

7,258

Included within the net book value of land and buildings above is £7,258 (2023 - £7,258) in respect of freehold land and buildings.
 

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

89

89

 

Motivethird Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

11,051

11,051

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2