Moore Gap Investments Ltd 14888763 false 2023-05-23 2024-05-31 2024-05-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 14888763 2023-05-23 2024-05-31 14888763 2024-05-31 14888763 core:RetainedEarningsAccumulatedLosses 2024-05-31 14888763 core:ShareCapital 2024-05-31 14888763 core:CurrentFinancialInstruments 2024-05-31 14888763 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14888763 bus:SmallEntities 2023-05-23 2024-05-31 14888763 bus:AuditExemptWithAccountantsReport 2023-05-23 2024-05-31 14888763 bus:FilletedAccounts 2023-05-23 2024-05-31 14888763 bus:SmallCompaniesRegimeForAccounts 2023-05-23 2024-05-31 14888763 bus:Director1 2023-05-23 2024-05-31 14888763 bus:PrivateLimitedCompanyLtd 2023-05-23 2024-05-31 14888763 countries:AllCountries 2023-05-23 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14888763

Moore Gap Investments Ltd

Director's Report and Unaudited Financial Statements

for the Period from 23 May 2023 to 31 May 2024

 

Moore Gap Investments Ltd

(Registration number: 14888763)

Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Investment property

3

432,131

Current assets

 

Debtors

4

1,013

Cash at bank and in hand

 

18,619

 

19,632

Creditors: Amounts falling due within one year

5

(437,355)

Net current liabilities

 

(417,723)

Net assets

 

14,408

Capital and reserves

 

Called up share capital

100

Retained earnings

14,308

Shareholders' funds

 

14,408

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 28 November 2024
 

.........................................

G K Moore

Director

 

Moore Gap Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 23 May 2023 to 31 May 2024

1

Accounting policies

Statutory information

Moore Gap Investments Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14888763. The registered office is at Moore Gap House, Doncaster Road, Branton, Doncaster, DN3 3LT.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises rents receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

The company's properties are held for long-term investment. Investment properties are accounted for in accordance with FRS 102 as follows:-

No depreciation is provided in respect of investment properties. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

 

Moore Gap Investments Ltd

Notes to the Unaudited Financial Statements for the Period from 23 May 2023 to 31 May 2024 (continued)

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

3

Investment properties

2024
£

Additions

432,131

At 31 May 2024

432,131

4

Debtors

2024
£

Prepayments

430

Accrued income

583

 

1,013

5

Creditors

2024
£

Due within one year

Taxation and social security

3,356

Accruals and deferred income

2,119

Other creditors

431,880

437,355