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REGISTERED NUMBER: SC677231 (Scotland)








































Moorpark Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2024






Moorpark Holdings Ltd (Registered number: SC677231)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 4


Moorpark Holdings Ltd

Company Information
for the year ended 31st October 2024







Directors: A F Fotheringham
Mrs A K Fotheringham





Registered office: 24 Moorpark Holding
Foulden
Berwick Upon Tweed
Berwickshire
TD15 1UH





Registered number: SC677231 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Moorpark Holdings Ltd (Registered number: SC677231)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
Fixed assets
Investment property 4 301,158 220,449

Current assets
Debtors 5 - 800
Cash at bank 20,982 45,824
20,982 46,624
Creditors
Amounts falling due within one year 6 192,388 142,485
Net current liabilities (171,406 ) (95,861 )
Total assets less current liabilities 129,752 124,588

Provisions for liabilities 22,628 22,611
Net assets 107,124 101,977

Capital and reserves
Called up share capital 2 2
Retained earnings 7 107,122 101,975
Shareholders' funds 107,124 101,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 11th April 2025 and were signed on its behalf by:




Mrs A K Fotheringham - Director


Moorpark Holdings Ltd (Registered number: SC677231)

Notes to the Financial Statements
for the year ended 31st October 2024

1. Statutory information

Moorpark Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Rental income is measured at the fair value of rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.

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 year 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Moorpark Holdings Ltd (Registered number: SC677231)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. Accounting policies - continued

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Investment property
Total
£   
Fair value
At 1st November 2023 220,449
Additions 80,709
At 31st October 2024 301,158
Net book value
At 31st October 2024 301,158
At 31st October 2023 220,449

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2021 120,000
Cost 181,158
301,158

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors - 800

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 89 2,138
Taxation and social security 999 -
Other creditors 191,300 140,347
192,388 142,485

7. Reserves

Retained earnings include non distributable reserves totalling £97,200 (2021 - £97,200)