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Company Registration No. 03580710 (England and Wales)
Mowbary Limited Unaudited accounts for the year ended 30 June 2024
Mowbary Limited Unaudited accounts Contents
Page
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Mowbary Limited Company Information for the year ended 30 June 2024
Director
Anthony John Morton
Company Number
03580710 (England and Wales)
Registered Office
79 Chalk Hill West End Southampton SO18 3BY
Accountants
P7 Accounting Limited 25 Cutbush Lane Bitterne Southampton SO18 5QP
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Mowbary Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,151 
36,113 
Investment property
510,000 
389,805 
536,151 
425,918 
Current assets
Debtors
28,148 
26,328 
Cash at bank and in hand
187,055 
252,886 
215,203 
279,214 
Creditors: amounts falling due within one year
33,145 
(4,453)
Net current assets
248,348 
274,761 
Total assets less current liabilities
784,499 
700,679 
Provisions for liabilities
Deferred tax
(9,163)
(32,322)
Net assets
775,336 
668,357 
Capital and reserves
Called up share capital
1 
1 
Fair value reserve
120,195 
- 
Profit and loss account
655,140 
668,356 
Shareholders' funds
775,336 
668,357 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 8 January 2025 and were signed on its behalf by
Anthony John Morton Director Company Registration No. 03580710
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Mowbary Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mowbary Limited is a private company, limited by shares, registered in England and Wales, registration number 03580710. The registered office is 79 Chalk Hill, West End, Southampton, SO18 3BY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of gross rents receivable from furnished property lettings.
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
20% Straight line
Fixtures & fittings
20% Straight line
Investment property
Investment property is included at fair market value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mowbary Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
49,810 
10,299 
60,109 
Disposals
- 
(10,299)
(10,299)
At 30 June 2024
49,810 
- 
49,810 
Depreciation
At 1 July 2023
13,697 
10,299 
23,996 
Charge for the year
9,962 
- 
9,962 
On disposals
- 
(10,299)
(10,299)
At 30 June 2024
23,659 
- 
23,659 
Net book value
At 30 June 2024
26,151 
- 
26,151 
At 30 June 2023
36,113 
- 
36,113 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
389,805 
Net gain from fair value adjustments
120,195 
At 30 June 2024
510,000 
Investment property is valued by the director at anticipated fair market value at the year end date.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
28,148 
1,328 
Amounts falling due after more than one year
Other debtors
- 
25,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
160 
Taxes and social security
152 
9 
Loans from directors
(34,547)
1,434 
Accruals
1,250 
2,850 
(33,145)
4,453 
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Mowbary Limited Notes to the Accounts for the year ended 30 June 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Anthony John Morton
Directors' loan
- 
34,547 
- 
34,547 
- 
34,547 
- 
34,547 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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