Moor Park (North Somerset) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02973632 (England and Wales)

Moor Park (North Somerset) Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Miss D L Wall

Miss Z M Wall

Miss L D Wall

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

02973632 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

2 South Parade

Weston-super-Mare

North Somerset

BS23 1JL

FIXED ASSETS

Tangible assets

5

5,528

7,358

Investment property

6

3,150,000

3,155,528

3,157,358

CURRENT ASSETS

Stocks

1,275,000

Debtors

140,133

119,179

Cash at bank and in hand

750,993

657,113

2,166,126

2,051,292

CREDITORS

Amounts falling due within one year

1,168,126

981,934

NET CURRENT ASSETS

998,000

1,069,358

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,153,528

4,226,716

CREDITORS

Amounts falling due after more than one year

7

(284,417

)

(356,076

)

PROVISIONS FOR LIABILITIES

(214,798

)

(215,225

)

NET ASSETS

3,654,313

3,655,415

CAPITAL AND RESERVES

Called up share capital

250

Investment property reserve

9

1,859,270

Revaluation reserve

335,100

Retained earnings

1,459,693

1,460,795

SHAREHOLDERS' FUNDS

3,654,313

3,655,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Miss D L Wall - Director

1.	STATUTORY INFORMATION

Moor Park (North Somerset) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 services, 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

37,447

DEPRECIATION

At 1 February 2024

30,089

Charge for year

1,830

At 31 January 2025

31,919

NET BOOK VALUE

At 31 January 2025

5,528

At 31 January 2024

7,358

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

3,150,000

NET BOOK VALUE

At 31 January 2025

3,150,000

At 31 January 2024

3,150,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2015

338,694

Valuation in 2023

1,734,132

Cost

1,077,174

3,150,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

£

Cost

1,077,174

Investment property was valued on a fair value basis on 17 November 2022 by Symonds & Sampson .

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.1.25

31.1.24

£

Repayable by instalments

Bank loans

46,674

122,229

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Bank loans

352,603

420,788

The bank overdraft and loan are secured by a fixed charge over the company's freehold property and a floating charge over the company's other assets.

9.

RESERVES

Investment

property

reserve

£

At 1 February 2024

and 31 January 2025

1,859,270

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss D L Wall, Miss Z M Wall and Miss L D Wall.

The company was controlled throughout the current and previous year by its directors, by virtue of the fact that they control the ultimate parent company, ZLD Limited, a company incorporated in England and Wales.