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REGISTERED NUMBER: 09562669 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Motiv8 Properties Ltd

Motiv8 Properties Ltd (Registered number: 09562669)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Motiv8 Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: L Dickinson
Miss E A Mcloughlin





REGISTERED OFFICE: Radley Farm Radley Lane
Houghton Green
Warrington
WA2 0SZ





REGISTERED NUMBER: 09562669 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Motiv8 Properties Ltd (Registered number: 09562669)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,634,718 1,544,672

CURRENT ASSETS
Debtors 5 171,969 200,982
Cash at bank and in hand 205,988 63,124
377,957 264,106
CREDITORS
Amounts falling due within one year 6 1,206,333 1,181,229
NET CURRENT LIABILITIES (828,376 ) (917,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

806,342

627,549

PROVISIONS FOR LIABILITIES 15,495 -
NET ASSETS 790,847 627,549

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 790,747 627,449
790,847 627,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:



L Dickinson - Director


Motiv8 Properties Ltd (Registered number: 09562669)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Motiv8 Properties Ltd 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 each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

Motiv8 Properties Ltd (Registered number: 09562669)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,514,639 - 28,000
Additions - 85,084 -
At 30 April 2024 1,514,639 85,084 28,000
DEPRECIATION
At 1 May 2023 46,555 - 467
Charge for year - - 1,868
At 30 April 2024 46,555 - 2,335
NET BOOK VALUE
At 30 April 2024 1,468,084 85,084 25,665
At 30 April 2023 1,468,084 - 27,533

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 5,169 58,930 1,606,738
Additions - 25,194 110,278
At 30 April 2024 5,169 84,124 1,717,016
DEPRECIATION
At 1 May 2023 3,184 11,860 62,066
Charge for year 298 18,066 20,232
At 30 April 2024 3,482 29,926 82,298
NET BOOK VALUE
At 30 April 2024 1,687 54,198 1,634,718
At 30 April 2023 1,985 47,070 1,544,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 80,339
Amounts owed by group undertakings 138,953 -
Other debtors 33,016 120,643
171,969 200,982

Motiv8 Properties Ltd (Registered number: 09562669)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 854 5,511
Hire purchase contracts 40,057 28,534
Trade creditors - 2,464
Amounts owed to group undertakings 177,070 -
Taxation and social security 115,792 237,993
Other creditors 872,560 906,727
1,206,333 1,181,229