REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
15 AUGUST 2023 TO 31 AUGUST 2024 |
FOR |
MOOR HALL STORAGE LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
15 AUGUST 2023 TO 31 AUGUST 2024 |
FOR |
MOOR HALL STORAGE LIMITED |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 AUGUST 2023 TO 31 AUGUST 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
BALANCE SHEET |
31 AUGUST 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
BALANCE SHEET - continued |
31 AUGUST 2024 |
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 were approved by the Board of Directors and authorised for issue on |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 AUGUST 2023 TO 31 AUGUST 2024 |
1. | STATUTORY INFORMATION |
Moor Hall Storage Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis notwithstanding the net liability currently shown on the balance sheet. The directors have confirmed their intention to support the company for at least the next 12 months. |
Investment property |
Investment property is shown at the valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 AUGUST 2023 TO 31 AUGUST 2024 |
3. | ACCOUNTING POLICIES - continued |
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 period 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. |
Financial instruments |
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 entity after deducting all of its financial liabilities. |
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
The investment property was valued by the directors, Mr D R and Mrs G D Godden, on 31 August 2024 at open market value. |
MOOR HALL STORAGE LIMITED (REGISTERED NUMBER: 15072066) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 AUGUST 2023 TO 31 AUGUST 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current account | 90,594 |
Accruals and deferred income |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £0.10 | 120 |
1,200 Ordinary shares of £0.10 each were allotted and fully paid for |
8. | TRANSACTIONS WITH DIRECTORS |
During the period, the company purchased freehold land from the directors at its market value of £90,000, funded by an interest free loan from the directors. |