| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| MOORGATE INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| MOORGATE INVESTMENTS LIMITED |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MOORGATE INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 Jesus Lane |
| Cambridge |
| Cambridgeshire |
| CB5 8BA |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash and cash equivalents |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 | ( |
) |
| Revaluation reserve | 13 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Moorgate Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is recognised at the fair value of the rental income received or receivable in association with the company's investment properties. The company is not subject to VAT. |
| Tangible fixed assets |
| Plant and machinery | - |
| Investment property |
| Investment properties are properties held to earn rentals or for capital appreciation, or both, and are not occupied by the company for its own use. |
| Investment properties are initially measured at cost, which includes purchase price and any directly attributable costs, such as legal fees. Subsequent to initial recognition, investment properties are measured at fair value at the reporting date. Fair value is determined annually by the directors based on available market evidence, comparable transactions, and, where considered necessary, professional valuations by external valuers. |
| Changes in the fair value of investment properties are recognized in the profit and loss account in the period in which they arise. |
| Rental income from investment properties is accounted for on an accruals basis and recognised as turnover in the profit and loss account. |
| Financial instruments |
| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| Impairment of fixed assets |
| At each reporting date, the company assesses its tangible assets for indications of impairment. If such indications exist, the recoverable amount of the asset, being the higher of its fair value less costs to sell and its calculated value in use. Value in use is calculated by discounting estimated future cash flows using a pre-tax discount rate reflecting current market conditions and risks. |
| If the recoverable amount is lower than the carrying amount, the asset is written down to its recoverable amount, and the impairment loss is recognised immediately in profit or loss unless the asset is revalued, in which case it is treated as a revaluation loss. |
| Impairment losses are reversed only if the reasons for the original loss no longer apply, with the reversal recognised in profit or loss or as a revaluation gain, depending on the asset's measurement basis. The revised carrying amount cannot exceed what it would have been had no impairment loss been recognised. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Revaluations | 5,000 |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2021 | 14,923 |
| Valuation in 2022 | 92,000 |
| Valuation in 2023 | (2,000 | ) |
| Valuation in 2024 | 51,000 |
| Valuation in 2025 | 5,000 |
| Cost | 525,077 |
| 686,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 525,077 | 525,077 |
| Investment properties were valued on an open market basis on 31 March 2025 by the Director . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Mortgages |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Secured debts -mortgages |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Other loans |
| The mortgages are secured by a fixed charge on the company's investment property. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 40,231 | 38,000 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Provided during year |
| Balance at 31 March 2025 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | (504 | ) | 100 |
| 2025 | 2024 |
| Ordinary | 100 | 100 |
| MOORGATE INVESTMENTS LIMITED (REGISTERED NUMBER: 10565777) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 13. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| Non-distributable profits b/f | 2,769 |
| At 31 March 2025 |
| 14. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 15. | SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
| Significant judgements |
| In preparing the financial statements, the directors have exercised judgement in assessing whether it is appropriate to prepare the accounts on a going concern basis. This assessment takes into account the company’s financial position at the balance sheet date, the nature of its activities, and the availability of ongoing financial support where applicable. |
| Judgement has also been applied in determining the recognition of deferred tax balances, including whether it is appropriate to recognise deferred tax assets or liabilities arising from temporary differences, having regard to the expected timing of their reversal and future taxable profits. |
| Key sources of estimation uncertainty |
| Estimation uncertainty arises in determining the useful economic lives and residual values of the company’s tangible fixed assets for depreciation purposes. These estimates are reviewed annually and changes in assumptions may affect depreciation charges in future periods. |
| Estimation uncertainty also arises in the measurement of deferred tax balances, which requires estimating the timing and extent to which temporary differences will reverse. Changes in assumptions, tax legislation or future taxable profits may result in adjustments to deferred tax amounts recognised in future periods. |
| 16. | RELATED PARTY BALANCES |
| At the balance sheet date the company owed group companies £161,241 (2024: £154,206). The amount is repayable on demand, unsecured, interest free and included within creditors due in less than one year. |