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REGISTERED NUMBER: 03330685 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MOATSIDE PROPERTIES LIMITED

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOATSIDE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A P Ashley
P W Swannell





REGISTERED OFFICE: 9 Eltisley Road
Great Gransden
Bedfordshire
SG19 3AR





REGISTERED NUMBER: 03330685 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 211,416 218,523

CURRENT ASSETS
Stocks 5 365,571 343,822
Debtors 6 13,194 37,967
Cash at bank 773,715 386,874
1,152,480 768,663
CREDITORS
Amounts falling due within one year 7 925,360 567,634
NET CURRENT ASSETS 227,120 201,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,536

419,552

CREDITORS
Amounts falling due after more than one
year

8

(57,767

)

(71,594

)

PROVISIONS FOR LIABILITIES (17,919 ) (19,101 )
NET ASSETS 362,850 328,857

CAPITAL AND RESERVES
Called up share capital 9 500 500
Undistributable reserves 72,051 72,051
Retained earnings 290,299 256,306
SHAREHOLDERS' FUNDS 362,850 328,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





A P Ashley - Director


MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Moatside Properties Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover represents net invoiced sales of land, property and work done, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not depreciated
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 September 2023 200,000 18,902 4,688 102,461 326,051
Additions - 749 565 - 1,314
At 31 August 2024 200,000 19,651 5,253 102,461 327,365
DEPRECIATION
At 1 September 2023 - 18,558 4,028 84,942 107,528
Charge for year - 320 429 7,672 8,421
At 31 August 2024 - 18,878 4,457 92,614 115,949
NET BOOK VALUE
At 31 August 2024 200,000 773 796 9,847 211,416
At 31 August 2023 200,000 344 660 17,519 218,523

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2004 14,126 - - - 14,126
Valuation in 2019 75,000 - - - 75,000
Cost 110,874 19,651 5,253 102,461 238,239
200,000 19,651 5,253 102,461 327,365

The directors are of the opinion that the current fair value is not materially different to the value stated in the accounts, therefore no valuation adjustment has been entered.

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 September 2023 32,482
Transfer to ownership (32,482 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 16,139
Transfer to ownership (16,139 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 16,343

5. STOCKS
31.8.24 31.8.23
£    £   
Work-in-progress 365,571 343,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
VAT 6,282 29,621
Prepayments 6,912 8,346
13,194 37,967

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,000 15,000
Other loans 646,598 98,598
Hire purchase contracts - 9,640
Trade creditors 9,395 115,270
Social security and other taxes 14,433 30,281
Directors loan accounts 235,399 293,069
Sundry creditors and accruals 4,535 5,776
925,360 567,634

MOATSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03330685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 57,767 71,594

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
300 Ordinary £1 300 300
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
500 500