Registered number
06513813
Molesey Refrigeration Limited
Filleted Accounts
31 March 2025
Molesey Refrigeration Limited
Registered number: 06513813
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,659,000 1,659,000
Investments 4 25,000 25,000
1,684,000 1,684,000
Current assets
Debtors 5 198,184 179,937
Cash at bank and in hand 428,714 373,854
626,898 553,791
Creditors: amounts falling due within one year 6 (63,302) (60,047)
Net current assets 563,596 493,744
Total assets less current liabilities 2,247,596 2,177,744
Creditors: amounts falling due after more than one year 7 (277,988) (280,767)
Net assets 1,969,608 1,896,977
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 8 361,343 361,343
Profit and loss account 1,607,265 1,534,634
Shareholders' funds 1,969,608 1,896,977
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patrick McCloskey
Director
Approved by the board on 20 May 2025
Molesey Refrigeration Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value of revaluation less any subsequent accumulated depreciation and subequent 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 capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previoulsy 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 capital and reserves in respect of the asset. Wthere a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 1,659,000
At 31 March 2025 1,659,000
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 1,659,000
At 31 March 2024 1,659,000
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 25,000
At 31 March 2025 25,000
5 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 198,184 179,937
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14,752 11,973
Corporation tax 23,550 23,074
Other creditors 25,000 25,000
63,302 60,047
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 277,988 280,767
8 Revaluation reserve 2025 2024
£ £
At 1 April 2024 361,343 361,343
At 31 March 2025 361,343 361,343
9 Related party transactions
The company rents a number of properties to it's subsidiary, Castle Farm Estates Ltd at a market rate of £95,000 per year.
10 Controlling party
The company was under the control of Mr McCloskey throughout the current year. Mr McCloskey is the managing director and 100% shareholder.
11 Other information
Molesey Refrigeration Limited is a private company limited by shares and incorporated in England.
Molesey Refrigeration Limited 06513813 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2024 Patrick McCloskey No description of principal activity 06513813 2023-04-01 2024-03-31 06513813 core:WithinOneYear 2024-03-31 06513813 core:AfterOneYear 2024-03-31 06513813 core:ShareCapital 2024-03-31 06513813 core:OtherReservesSubtotal 2024-03-31 06513813 core:RetainedEarningsAccumulatedLosses 2024-03-31 06513813 core:RevaluationReserve 2023-03-31 06513813 2024-04-01 2025-03-31 06513813 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06513813 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06513813 bus:Director40 2024-04-01 2025-03-31 06513813 countries:England 2024-04-01 2025-03-31 06513813 bus:FRS102 2024-04-01 2025-03-31 06513813 bus:FilletedAccounts 2024-04-01 2025-03-31 06513813 2025-03-31 06513813 core:WithinOneYear 2025-03-31 06513813 core:AfterOneYear 2025-03-31 06513813 core:ShareCapital 2025-03-31 06513813 core:OtherReservesSubtotal 2025-03-31 06513813 core:RetainedEarningsAccumulatedLosses 2025-03-31 06513813 core:LandBuildings 2025-03-31 06513813 core:RevaluationReserve 2025-03-31 06513813 2024-03-31 06513813 core:LandBuildings 2024-03-31 06513813 core:RevaluationReserve 2024-03-31 iso4217:GBP xbrli:pure