REGISTERED NUMBER: 09064995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 DECEMBER 2024

FOR

MORE INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Emanuel

M Z Oppenheimer

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

09064995 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

3,832

3,142

Investment property

5

948,580

1,003,580

952,412

1,006,722

CURRENT ASSETS

Debtors

6

498,778

279,650

Investments

7

1,000

1,000

Cash at bank

9,974

12,519

509,752

293,169

CREDITORS

Amounts falling due within one year

8

(682,940

)

(562,720

)

NET CURRENT LIABILITIES

(173,188

)

(269,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

779,224

737,171

CREDITORS

Amounts falling due after more than one year

9

(695,461

)

(700,758

)

PROVISIONS FOR LIABILITIES

(47,500

)

(47,500

)

NET ASSETS/(LIABILITIES)

36,263

(11,087

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

250,000

250,000

Retained earnings

11

(213,739

)

(261,089

)

SHAREHOLDERS' FUNDS

36,263

(11,087

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 December 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.

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 26 November 2025 and were signed on its behalf by:

M Z Oppenheimer - Director

1.	STATUTORY INFORMATION

More Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 rent receivable, 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 2 December 2023

1,412

3,424

4,836

Additions

-

2,267

2,267

At 1 December 2024

1,412

5,691

7,103

DEPRECIATION

At 2 December 2023

255

1,439

1,694

Charge for year

174

1,403

1,577

At 1 December 2024

429

2,842

3,271

NET BOOK VALUE

At 1 December 2024

983

2,849

3,832

At 1 December 2023

1,157

1,985

3,142

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 2 December 2023

1,003,580

Disposals

(55,000

)

At 1 December 2024

948,580

NET BOOK VALUE

At 1 December 2024

948,580

At 1 December 2023

1,003,580

Fair value at 1 December 2024 is represented by:

£

Valuation in 2018

561,856

Valuation in 2023

(311,856

)

Cost

698,580

948,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.12.24

1.12.23

£

£

Trade debtors

976

45

Other debtors

497,802

279,605

498,778

279,650

7.	CURRENT ASSET INVESTMENTS

1.12.24

1.12.23

£

£

Unlisted investments

1,000

1,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.12.24

1.12.23

£

£

Trade creditors

38,097

25,252

Amounts owed to group undertakings

20,172

-

Taxation and social security

30,638

34,086

Other creditors

594,033

503,382

682,940

562,720

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

1.12.24

1.12.23

£

£

Bank loans

664,923

664,647

Other creditors

30,538

36,111

695,461

700,758

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

664,923

664,647

Repayable by instalments

Other loans more 5yrs instal

30,538

36,111

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

1.12.24

1.12.23

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 2 December 2023

(261,089

)

250,000

(11,089

)

Profit for the year

47,350

47,350

At 1 December 2024

(213,739

)

250,000

36,261