Moyvale Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Moyvale Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01255274 . The registered office is Hardy House , Northbridge Road , Berkhamsted , Herts, HP4 1EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents income from the sale of properties and rents receivable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost of property excluding land
Leasehold	2% on cost of property excluding land
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stock represents the cost of land and properties purchased for development and resale.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Moyvale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Preparation of consolidated financial statements

The financial statements contain information about Moyvale Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Directors	2	2

	2	2

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	27,312	20,221	14,361	38,024	99,918

As at 31 December 2024	27,312	20,221	14,361	38,024	99,918

Depreciation
As at 1 January 2024	-	7,310	14,227	35,263	56,800
Provided during the period	-	404	44	691	1,139

As at 31 December 2024	-	7,714	14,271	35,954	57,939

Net Book Value
As at 31 December 2024	27,312	12,507	90	2,070	41,979

As at 1 January 2024	27,312	12,911	134	2,761	43,118

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	1,885,158

6. Stocks

	2024	2023
	£	£
Stock	3,565,894	3,565,894

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Moyvale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	31,945	24,508
Prepayments and accrued income	17,453	18,319
Other debtors	1,875	11,969
Amounts owed by subsidiaries	14,313	6,414

	65,586	61,210

8. Current Asset Investments

	2024	2023
	£	£
Listed investments	13,010	13,010
Other investments, held for sale	5,250	5,250

	18,260	18,260

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	23,611	1,116
Bank loans and overdrafts	-	3,249,999
Corporation tax	19,405	10,360
Other taxes and social security	3,327	3,927
Other creditors	93,764	85,385
Accruals and deferred income	60,871	65,448
Directors' loan accounts	235,405	264,640
Amounts owed to subsidiaries	-	18,292

	436,383	3,699,167

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	3,194,477	-

11. Secured Creditors

On 26 February 2024 the company granted Cambridge & Counties Bank Limited a debenture (ie. a fixed and floating charge over the assets of the company).

Of the creditors falling due within and after more than one year the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	3,194,477		-

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Moyvale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
50,000 Ordinary Shares of £ 1.000 each	50,000	50,000

13. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2024	2023
	£	£
Miss Caroline Cooney	39,500	39,500
Mr Christopher Cooney	39,500	39,500

On 26 February 2024 the company granted Cambridge & Counties Bank Limited a debenture (ie. a fixed and floating charge over the assets of the company).

14. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	79,000	79,000

During the year the company paid £79,000 in interim dividends to the directors.

15. Reserves

	Other reserves	Profit and Loss Account
	£	£
As at 1 January 2024	291,611	2,142,869
Profit for the year and total comprehensive income	-	57,583

Dividends paid	-	(79,000)

As at 31 December 2024	291,611	2,121,452

Included in other reserves is an amount of £291,611 which represents the fair value adjustment in respect of investment properties after deferred tax has been provided. This amount cannot be distributed to the members as it represents an un-reaslised surplus in respect of the fair value adjustment pertaining to the investment properties and has been transferred from retained earnings.

16. Related Party Transactions

The company is controlled by the directors, Miss C A Cooney and Mr C P Cooney, by virtue of their position. At the balance sheet date the amount due from Moyvale Property Care Limited was £7,899 (2023: £18,292) and the amount due from Moyvale Investments Limited was £6,414 (2023: £6,414). Miss C A Cooney and Mr C P Cooney are directors of Moyvale Property Care Limited and Moyvale Investments Limited. The directors believe that these transactions are at arms' length.

17. Ultimate Controlling Party

The company's ultimate controlling parties are C P and C M Cooney by virtue of their ownership of 80% of the issued share capital in the company.

18. Subsidiaries

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Moyvale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

The company's investments at the balance sheet date in the share capital of companies included the following:

Moyvale Property Care Limited

Registered office: Hardy House, Northbridge Road, Berkhamsted, Herts, HP4 1EF

Nature of business: Property maintenance

Ordinary shares

100% Holding

Aggregate capital and reserves £1,223 (2023: £867)

Profit/(Loss) for the year £356 (2023: £399 )

Moyvale Investments Limited

Registered office: Hardy House, Northbridge Road, Berkhamsted, Herts, HP4 1EF

Nature of business: Non-Trading Company Dormant Company

Ordinary shares

100% Holding

Aggregate capital and reserves (£9,259) (2024: (£8,550))

Profit/(Loss) for the year (£709) (2024: (£542))

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		41,979		43,118
Investment Properties	5		1,885,158		1,885,158
Investments			3		3

			1,927,140		1,928,279
CURRENT ASSETS
Stocks	6	3,565,894		3,565,894
Debtors	7	65,586		61,210
Investments	8	18,260		18,260
Cash at bank and in hand		573,153		666,297

		4,222,893		4,311,661
Creditors: Amounts Falling Due Within One Year	9	(436,383 )		(3,699,167 )

NET CURRENT ASSETS (LIABILITIES)			3,786,510		612,494

TOTAL ASSETS LESS CURRENT LIABILITIES			5,713,650		2,540,773

Creditors: Amounts Falling Due After More Than One Year	10		(3,194,477 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(56,110 )		(56,293 )

NET ASSETS			2,463,063		2,484,480

CAPITAL AND RESERVES
Called up share capital	12		50,000		50,000
Other reserves			291,611		291,611
Profit and Loss Account			2,121,452		2,142,869

SHAREHOLDERS' FUNDS			2,463,063		2,484,480

Mr Christopher Cooney Director	Miss Caroline Cooney Director
29th December 2025