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Company No: 11484536 (England and Wales)

O J MOORE BUILDERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

O J MOORE BUILDERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

O J MOORE BUILDERS LIMITED

BALANCE SHEET

As at 30 April 2024
O J MOORE BUILDERS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 450,000 450,000
450,000 450,000
Current assets
Debtors 4 300 300
Cash at bank and in hand 3,070 1,993
3,370 2,293
Creditors: amounts falling due within one year 5 ( 308,553) ( 309,021)
Net current liabilities (305,183) (306,728)
Total assets less current liabilities 144,817 143,272
Provision for liabilities ( 25,840) ( 25,840)
Net assets 118,977 117,432
Capital and reserves
Called-up share capital 6 1 1
Fair value reserve 110,160 110,160
Profit and loss account 8,816 7,271
Total shareholder's funds 118,977 117,432

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of O J Moore Builders Limited (registered number: 11484536) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

O Moore
Director
O J MOORE BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
O J MOORE BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

O J Moore Builders Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 110 Whitchurch Road, Tavistock, PL19 9BQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 May 2023 450,000
As at 30 April 2024 450,000

Historic cost

If the investment properties had been accounted for under cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 314,000 314,000

There has been no valuation of investment property by an external valuer. The valuation has been carried out by the director.

4. Debtors

2024 2023
£ £
Other debtors 300 300

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 644 482
Other creditors 307,909 308,539
308,553 309,021

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Other related party transactions

The Director paid rent of £3,600 to the company during the year, a transaction not concluded under normal market conditions. The company has borrowed funds from a company in which the director has an interest. No interest is charged on the loan. The balance outstanding at the year end is £294,500.