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Registration number: 08713280

Moon Tree Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Moon Tree Developments Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Moon Tree Developments Limited

Company Information

Directors

O M Boggis

A M Boggis

R A Boggis

Registered office

Spurs Acre Farm
Wallage Lane
Rowfant
Crawley
West Sussex
RH10 4NJ

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Moon Tree Developments Limited

(Registration number: 08713280)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Non-current assets

 

Property, plant and equipment

4

35,290

3,118

Current assets

 

Receivables

5

44,285

22,840

Cash at bank and in hand

 

85,944

47,268

 

130,229

70,108

Payables: Amounts falling due within one year

6

(87,410)

(8,720)

Net current assets

 

42,819

61,388

Total assets less current liabilities

 

78,109

64,506

Provisions for liabilities

(4,418)

(593)

Net assets

 

73,691

63,913

Equity

 

Called up share capital

7

100

100

Retained earnings

73,591

63,813

Shareholders' funds

 

73,691

63,913

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

Directors' responsibilities:

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

The directors acknowledge 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 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

 

Moon Tree Developments Limited

(Registration number: 08713280)
Statement of Financial Position as at 30 September 2024 (continued)

The financial statements of Moon Tree Developments Limited were approved and authorised for issue by the Board on 17 February 2025 and signed on its behalf by:
 

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

A M Boggis
Director

 

Moon Tree Developments Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

1

General information

Moon Tree Developments Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

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.

Going concern

The directors have considered financial projections for the company over the foreseeable future and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern policy.

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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following estimates have had the most significant effect on amounts recognised in the financial statements.

The company makes provision for depreciation of property plant and equipment; this provision requires estimates of the useful economic lives and residual values for the underlying assets. These estimates are based on a variety of factors which may be uncertain. The carrying amount at the year end is £35,290 (2022 - £3,118).

 

Moon Tree Developments Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

The tax expense for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Computer equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise bank current accounts that are subject to an insignificant risk of change in value.

 

Moon Tree Developments Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Inventories

Inventories are stated at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Moon Tree Developments Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

4

Property, plant and equipment

Motor vehicles
 £

Computer equipments
 £

Total
£

Cost

At 1 October 2023

40,176

3,970

44,146

Additions

44,350

-

44,350

At 30 September 2024

84,526

3,970

88,496

Depreciation

At 1 October 2023

37,058

3,970

41,028

Charge for the year

12,178

-

12,178

At 30 September 2024

49,236

3,970

53,206

Carrying amount

At 30 September 2024

35,290

-

35,290

At 30 September 2023

3,118

-

3,118

5

Receivables

2024
£

2023
£

Trade receivables

4,200

4,571

Other receivables

7,582

15,089

Tax assets

279

-

Prepayments

32,224

3,180

44,285

22,840

 

Moon Tree Developments Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)

6

Payables

2024
£

2023
£

Due within one year

Trade payables

32,085

2,892

Corporation tax

-

279

Directors' current accounts

32,680

-

Social security and other taxes

19,719

3,599

Other payables

876

-

Accruals

2,050

1,950

87,410

8,720

7

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

The company has one class of share capital which carries no right to fixed income.

Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.