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REGISTERED NUMBER: 08303012 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MOTORLINE DIRECT PROPERTIES LTD

MOTORLINE DIRECT PROPERTIES LTD (REGISTERED NUMBER: 08303012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOTORLINE DIRECT PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A Jobanputra





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





BUSINESS ADDRESS: The Locks
Belton Road West
Loughborough
Leicestershire
LE11 5XH





REGISTERED NUMBER: 08303012 (England and Wales)





AUDITORS: Lemans
Statutory Auditor
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

MOTORLINE DIRECT PROPERTIES LTD (REGISTERED NUMBER: 08303012)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,590,262 1,577,411
Cash at bank 3,023 200,474
1,593,285 1,777,885
CREDITORS
Amounts falling due within one year 5 583,574 814,262
NET CURRENT ASSETS 1,009,711 963,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,711

963,623

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 1,009,611 963,523
SHAREHOLDERS' FUNDS 1,009,711 963,623

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





A Jobanputra - Director


MOTORLINE DIRECT PROPERTIES LTD (REGISTERED NUMBER: 08303012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Motorline Direct 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.
It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of the current and previous periods.
It is recognised in respect of all timing differences, with certain exceptions.
Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.
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.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group
undertakings 12,301 12,301
Other debtors 1,545,080 1,309,023
Directors' current accounts 32,638 255,865
VAT 243 222
1,590,262 1,577,411

MOTORLINE DIRECT PROPERTIES LTD (REGISTERED NUMBER: 08303012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 573,828 780,301
Corporation tax 8,433 32,781
Accrued expenses 1,313 1,180
583,574 814,262

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)
for and on behalf of Lemans

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A Jobanputra
Balance outstanding at start of year 255,864 444,832
Amounts advanced 76,687 8,823
Amounts repaid (299,913 ) (197,791 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,638 255,864

Interest is being charged on the loan at a rate of 2.25% per annum. The amount charged on this loan during the year and credited to the profit and loss account was £1,087 (2023 - £8,823).

MOTORLINE DIRECT PROPERTIES LTD (REGISTERED NUMBER: 08303012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. RELATED PARTY DISCLOSURES

Motorline Direct Limited
As the company is a wholly owned subsidiary of Motorline Direct Limited, the company has taken advantage of the exemption contained in FRS 102 Section 33.1A and has therefore not disclosed transactions between the companies. The consolidated financial statements of Motorline Direct Limited, within which this company is included, can be obtained from the address given in the ultimate controlling party note.

JRJ Development (UK) Ltd
Mr A. Jobanputra is a director and a shareholder of the above named company. Included in other debtors is a loan of £1,103,481 (2023 - £974,787) to this company.Interest amounting to £43,694 was charged on this loan during the year. (2023 - £nil). An administration charge amounting to £12,000 was also charged to this company during the year (2023 - £Nil).

JRJ Investments (UK) Ltd
Mr A. Jobanputra is a director and a shareholder of the above named company. Included in other debtors is a loan of £355,476 (2023 - £334,236) to this company. Interest amounting to £21,240 was charged on this loan during the year (2023 - £Nil)..

10. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is controlled by Motorline Direct Limited which owns 100% of the share capital of the company. Motorline Direct Limited is under the control of the Director, Mr A Jobanputra.

The consolidated results of this group are available from the company's registered office 29 Arboretum Street Nottingham NG1 4JA.

11. GUARANTEES

Motorline Direct Properties Limited has given a guarantee on behalf of Motorline Direct Limited in respect of its banking facilities. At 31 May 2024 this amounted to £1,177,871 (2023 - £1,471,856).

Motorline Direct Properties Limited has given a guarantee on behalf of Motorline Direct Limited in respect of its present and future indebtedness under a vehicle stocking facility with Black Horse Limited. At 31 May 2024 this amounted to £1,987,525 (2023 - £2,045,474).