Moorland Rovers Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Moorland Rovers Ltd

(Registration number: 12024165)
Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	144,247	7,310
Current assets
Stocks		381,039	215,862
Debtors	5	53,627	-
Cash at bank and in hand		8,638	43,225
		443,304	259,087
Creditors: Amounts falling due within one year	6	(517,438)	(114,959)
Net current (liabilities)/assets		(74,134)	144,128
Total assets less current liabilities		70,113	151,438
Creditors: Amounts falling due after more than one year	6	(157,815)	(162,200)
Net liabilities		(87,702)	(10,762)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(87,703)	(10,763)
Shareholders' deficit		(87,702)	(10,762)

For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 26 May 2026
 

B J Nicholls Director

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Manor Park Drive
Plympton
Plymouth
PL7 2HT
England

Principal activity

The principal activity of the company is that of the purchase, restoration and resale of motor vehicles.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Disclosure of long or short period

These accounts cover the 15 month period from 1 June 2024 to 31 August 2025. The previous
period was from 1 June 2023 to 31 May 2024. The year end has been changed in order to line up with another associated company.

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025 (continued)

2	Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the holding company.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Straight Line 4 years
Office equipment	Straight Line 5 years
Motor vehicles	Reducing balance 20%
Long leasehold land and buildings	Straight Line 10 years

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 1).

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025 (continued)

4	Tangible assets

	Long leasehold land and buildings £	Plant and machinery £	IT equipment & office furniture £	Total £
Cost or valuation
At 1 June 2024	-	10,011	3,057	13,068
Additions	31,549	126,036	6,432	164,017
At 31 August 2025	31,549	136,047	9,489	177,085
Depreciation
At 1 June 2024	-	4,840	918	5,758
Charge for the period	3,944	20,764	2,372	27,080
At 31 August 2025	3,944	25,604	3,290	32,838
Carrying amount
At 31 August 2025	27,605	110,443	6,199	144,247
At 31 May 2024	-	5,171	2,139	7,310

Included within the net book value of land and buildings above is £27,605 (2024 - £Nil) in respect of long leasehold land and buildings.
 

Moorland Rovers Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 August 2025 (continued)

5

Debtors

	2025 £	2024 £
Other debtors	53,627	-
	53,627	-

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		50,670	50,670
Trade creditors		4,407	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	439,065	-
Taxation and social security		8,108	966
Accruals and deferred income		2,850	2,142
Other creditors		12,338	61,181
		517,438	114,959

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		157,815	162,200

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Related party transactions

Included within other creditors is a loan from the director of £10,664 (2024 £61,182). No repayment terms have been agreed and no interest has been charged.
A total of £439,065 (2024 - nil) has been lent to SABR Industries Holdings Ltd, an associated company. No repayment terms have been agreed and no interest has been charged.