0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-29 Sage Accounts Production Advanced 2024 - FRS102_2024 182,870 182,870 182,870 xbrli:pure xbrli:shares iso4217:GBP 15103416 2023-08-29 2024-10-31 15103416 2024-10-31 15103416 2023-08-28 15103416 bus:OrdinaryShareClass1 2023-08-29 2024-10-31 15103416 bus:Director1 2023-08-29 2024-10-31 15103416 core:WithinOneYear 2024-10-31 15103416 core:ShareCapital 2024-10-31 15103416 core:RetainedEarningsAccumulatedLosses 2024-10-31 15103416 bus:SmallEntities 2023-08-29 2024-10-31 15103416 bus:AuditExemptWithAccountantsReport 2023-08-29 2024-10-31 15103416 bus:SmallCompaniesRegimeForAccounts 2023-08-29 2024-10-31 15103416 bus:PrivateLimitedCompanyLtd 2023-08-29 2024-10-31 15103416 bus:FullAccounts 2023-08-29 2024-10-31 15103416 bus:OrdinaryShareClass1 2024-10-31 15103416 core:InvestmentPropertyIncludedWithinPPE 2023-08-29 2024-10-31 15103416 core:InvestmentPropertyIncludedWithinPPE 2024-10-31
COMPANY REGISTRATION NUMBER: 15103416
Moira Holdings Ltd
Filleted Unaudited Financial Statements
31 October 2024
Moira Holdings Ltd
Statement of Financial Position
31 October 2024
31 Oct 24
Note
£
£
Fixed assets
Tangible assets
4
182,870
Current assets
Debtors
5
3,429
Cash at bank and in hand
6,663
-------
10,092
Creditors: amounts falling due within one year
6
4,001
-------
Net current assets
6,091
--------
Total assets less current liabilities
188,961
--------
Net assets
188,961
--------
Capital and reserves
Called up share capital
8
2
Profit and loss account
188,959
--------
Shareholders funds
188,961
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
A Hughes
Director
Company registration number: 15103416
Moira Holdings Ltd
Notes to the Financial Statements
Period from 29 August 2023 to 31 October 2024
1. General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales. The address of the registered office and principal place of business is Unit 1, The Courtyard, Caldecote, Nuneaton, CV10 0AS, England. The company's registration number is 15103416 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
Investment Property
Total
£
£
Cost
At 29 August 2023
Additions
182,870
182,870
--------
--------
At 31 October 2024
182,870
182,870
--------
--------
Depreciation
At 29 August 2023 and 31 October 2024
--------
--------
Carrying amount
At 31 October 2024
182,870
182,870
--------
--------
Included within the above is investment property as follows:
£
At 29 August 2023
Additions
182,870
--------
At 31 October 2024
182,870
--------
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
5. Debtors
31 Oct 24
£
Other debtors
3,429
------
6. Creditors: amounts falling due within one year
31 Oct 24
£
Social security and other taxes
787
Other creditors
1,914
Other creditors
1,300
------
4,001
------
7. Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
8. Called up share capital
Issued, called up and fully paid
31 Oct 24
No.
£
Ordinary shares of £ 1 each
2
2
----
----
On 29th August 2023 the company issued 1 Ordinary share at £1 nominal value. On 16th October 2023 the company issued 1 Ordinary share at £1 nominal value.
9. Director's advances, credits and guarantees
At the reporting date the directors loan account was in debit by £3,380 (2023: £0). There is no fixed term for repayment and no interest is charged. Transactions during the year can be summarised as follows: Opening Balance Brought Forward £0 Net Advances(0% Interest) £3,380 Closing Balance Carried Forward £3,380
10. Related party transactions
The company was under the control of A. Hughes during the current period.