Morester Ltd - Filleted accounts

Registered number

13363382

Morester Ltd

Filleted Accounts

31 October 2024

Morester Ltd
Registered number:		13363382
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,714,519			939,892

Current assets
Debtors	4	335,774			205,844
Cash at bank and in hand		19,667			940
		355,441			206,784

Creditors: amounts falling due within one year	5	(445,192)			(458,178)

Net current liabilities			(89,751)			(251,394)

Total assets less current liabilities			1,624,768			688,498

Creditors: amounts falling due after more than one year	6		(1,340,974)			(714,491)

Provisions for liabilities			(58,861)			(3,175)


Net assets/(liabilities)			224,933			(29,168)

Capital and reserves
Called up share capital			1			1
Revaluation reserve	7		250,932			13,538
Profit and loss account			(26,000)			(42,707)

Shareholder's funds			224,933			(29,168)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Jacob Gluck
Director
Approved by the board on 30 October 2025

Morester Ltd
Notes to the Accounts
for the year ended 31 October 2024


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. 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:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2023	-		5,200		5,200
	Additions	1,706,795		3,564		1,710,359
	At 31 October 2024	1,706,795		8,764		1,715,559

	Depreciation
	At 1 November 2023	-		1,040		1,040
	At 31 October 2024	-		1,040		1,040

	Net book value
	At 31 October 2024	1,706,795		7,724		1,714,519
	At 31 October 2023	-		4,160		4,160


4	Debtors			2024		2023
£					£

	Trade debtors			123,327		42,024
	Other debtors			212,447		163,820
				335,774		205,844


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			749		749
	Other creditors			444,443		457,429
				445,192		458,178


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			995,974		369,491
	Other creditors			345,000		345,000
				1,340,974		714,491


7	Revaluation reserve			2024		2023
£					£

	At 1 November 2023			13,538		-
	Gain on revaluation of land and buildings			293,080		16,713
	Deferred taxation arising on the revaluation of land and buildings			(55,686)		(3,175)

	At 31 October 2024			250,932		13,538


8	Other information

	Morester Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	158 Cromwell Road
	Salford
	M6 6DE