Company registration number 07744309 (England and Wales)
MOORFIELDS COMMERCIAL FINANCE LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MOORFIELDS COMMERCIAL FINANCE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
MOORFIELDS COMMERCIAL FINANCE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
19 December 2024
Notes
£
£
£
£
Current assets
Debtors
3
93,186
60,276
Cash at bank and in hand
55,327
38,928
148,513
99,204
Creditors: amounts falling due within one year
4
(40,612)
(26,334)
Net current assets
107,901
72,870
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
107,900
72,869
Total equity
107,901
72,870

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
A J Pear
Director
MOORFIELDS COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Moorfields Commercial Finance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

1.4
Reporting period

The financial statements for the current period are prepared from 20 December 2024 to 31 March 2025. The comparative period is 1 September 2023 to 19 December 2024. As a result of this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.5
Revenue recognition

Revenue represents amounts recoverable from clients for professional services provided during the period, excluding value added tax. The company recognises revenue when the amount can be reliably measured and it is probable economic benefits will flow.

Services provided to clients, which at the financial reporting date have not been billed, are recognised as amounts recoverable on contracts.

Revenue recognised in this manner is based on an assessment of the fair value of the services provided at the financial reporting date reflecting the stage of completion of the service rendered. Stage of completion is measured by reference to the sales value of work done to date multiplied by the historical recovery rate for a portfolio of similar clients.

MOORFIELDS COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow associates. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (excluding directors) employed by the company during the period was:

2025
2024
Number
Number
Total
0
0
MOORFIELDS COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
7,811
Amounts owed by group undertakings
90,564
40,564
Other debtors
1
1
Prepayments and accrued income
2,621
11,900
93,186
60,276
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
665
Corporation tax
25,215
12,694
Other taxation and social security
11,647
865
Other creditors
3,750
12,110
40,612
26,334
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

Senior Statutory Auditor:
Sarah Mason FCA
Statutory Auditor:
RSM UK Audit LLP
Date of audit report:
10 December 2025
7
Parent company

The company is a subsidiary undertaking of Moorfields Advisory Limited, 82 St John Street, London, EC1M 4JN.

2025-03-31 2024-12-20 false false false 10 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity M S E Solomons A J Pear 07744309 2024-12-20 2025-03-31 07744309 2025-03-31 07744309 2024-12-19 07744309 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07744309 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-19 07744309 core:CurrentFinancialInstruments 2025-03-31 07744309 core:CurrentFinancialInstruments 2024-12-19 07744309 core:ShareCapital 2025-03-31 07744309 core:ShareCapital 2024-12-19 07744309 core:RetainedEarningsAccumulatedLosses 2025-03-31 07744309 core:RetainedEarningsAccumulatedLosses 2024-12-19 07744309 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07744309 core:ShareCapitalOrdinaryShareClass1 2024-12-19 07744309 bus:Director2 2024-12-20 2025-03-31 07744309 2023-09-01 2024-12-19 07744309 bus:OrdinaryShareClass1 2024-12-20 2025-03-31 07744309 bus:OrdinaryShareClass1 2025-03-31 07744309 bus:OrdinaryShareClass1 2024-12-19 07744309 bus:PrivateLimitedCompanyLtd 2024-12-20 2025-03-31 07744309 bus:SmallCompaniesRegimeForAccounts 2024-12-20 2025-03-31 07744309 bus:FRS102 2024-12-20 2025-03-31 07744309 bus:Audited 2024-12-20 2025-03-31 07744309 bus:Director1 2024-12-20 2025-03-31 07744309 bus:FullAccounts 2024-12-20 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP