Caseware UK (AP4) 2024.0.164 2024.0.164 Property investment1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2023-08-11truefalse 15064219 2023-08-10 15064219 2023-08-11 2024-08-31 15064219 2022-08-11 2023-08-10 15064219 2024-08-31 15064219 c:Director1 2023-08-11 2024-08-31 15064219 d:FurnitureFittings 2023-08-11 2024-08-31 15064219 d:FurnitureFittings 2024-08-31 15064219 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-11 2024-08-31 15064219 d:OfficeEquipment 2023-08-11 2024-08-31 15064219 d:OfficeEquipment 2024-08-31 15064219 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-11 2024-08-31 15064219 d:ComputerEquipment 2023-08-11 2024-08-31 15064219 d:OwnedOrFreeholdAssets 2023-08-11 2024-08-31 15064219 d:FreeholdInvestmentProperty 2023-08-11 2024-08-31 15064219 d:FreeholdInvestmentProperty 2024-08-31 15064219 d:CurrentFinancialInstruments 2024-08-31 15064219 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15064219 d:ShareCapital 2024-08-31 15064219 d:RetainedEarningsAccumulatedLosses 2024-08-31 15064219 c:FRS102 2023-08-11 2024-08-31 15064219 c:AuditExempt-NoAccountantsReport 2023-08-11 2024-08-31 15064219 c:FullAccounts 2023-08-11 2024-08-31 15064219 c:PrivateLimitedCompanyLtd 2023-08-11 2024-08-31 15064219 e:PoundSterling 2023-08-11 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 15064219













Moran-Smith Property Ltd

Financial statements
Information for filing with the registrar

31 August 2024




 
Moran-Smith Property Ltd


Balance sheet
At 31 August 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
12,660

Investment property
 5 
267,615

  
280,275

Current assets
  

Cash at bank and in hand
  
400

  
400

Creditors: amounts falling due within one year
 6 
(305,355)

Net current (liabilities)/assets
  
 
 
(304,955)

Total assets less current liabilities
  
(24,680)

  

Net (liabilities)/assets
  
(24,680)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(24,681)

Shareholders' deficit
  
(24,680)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2025.




L D Moran
1

 
Moran-Smith Property Ltd

    
Balance sheet (continued)
At 31 August 2024

Director

Registered number: 15064219
The notes on pages 3 to 5 form part of these financial statements. 
2

 
Moran-Smith Property Ltd
 
 

Notes to the financial statements
Period ended 31 August 2024

1.


General information

Moran-Smith Property Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Flat A803 2a Chester Road, Manchester, England, M15 4SA.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The director, having made due and careful enquiry, is of the opinion that the company, with the support of its shareholders, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the director has continued to adopt the going concern basis of accounting in preparing the annual financial accounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers or the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

3

 
Moran-Smith Property Ltd
 

 
Notes to the financial statements
Period ended 31 August 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of    its liabilities.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost 


Additions
10,811
1,965
12,776



At 31 August 2024

10,811
1,965
12,776



Depreciation


Charge for the period
-
116
116



At 31 August 2024

-
116
116



Net book value



At 31 August 2024
10,811
1,849
12,660

4

 
Moran-Smith Property Ltd
 
 

Notes to the financial statements
Period ended 31 August 2024

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
267,615



At 31 August 2024
267,615

No formal valuations were made in 2024, the director is satisfied that the carrying value at the period end was consistent with their assessment of market value, on an open market value for existing use basis.







6.


Creditors: amounts falling due within one year

2024
£

Other creditors
303,855

Accruals and deferred income
1,500

305,355


 
5