MORAN RESIDENTIALS LIMITED - Filleted accounts

Registered number

08916270

MORAN RESIDENTIALS LIMITED

Filleted Accounts

30 June 2025

MORAN RESIDENTIALS LIMITED
Registered number:		08916270
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		7,880			100,953

Current assets
Debtors	4	490,739			949,170
Cash at bank and in hand		48,162			145,063
		538,901			1,094,233

Creditors: amounts falling due within one year	5	(678,983)			(907,626)

Net current (liabilities)/assets			(140,082)			186,607

Total assets less current liabilities			(132,202)			287,560

Creditors: amounts falling due after more than one year	6		(28,384)			(48,043)

Provisions for liabilities			(28,820)			(28,820)


Net (liabilities)/assets			(189,406)			210,697

Capital and reserves
Called up share capital			100			100
Profit and loss account			(189,506)			210,597

Shareholders' funds			(189,406)			210,697

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Moran
Director
Approved by the board on 2 September 2026

MORAN RESIDENTIALS LIMITED
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Going concern
	The financial statements have been prepared on a going concern basis. At 30 June 2025, the Company had net current liabilities and net liabilities and reported a loss for the financial year. The Company's ability to meet its liabilities as they fall due is dependent, in part, upon the recovery of outstanding contractual amounts in respect of the Pullman House development project. At the date of approval of these financial statements, final completion certification in respect of the project remains outstanding and the related contractual sums have not yet been received. The director has considered the expected completion of the certification process, representations received from First Kent Properties Ltd regarding settlement of the outstanding contractual amounts, and the Company's anticipated cash flows. Having considered these matters, the director has a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future and therefore considers the going concern basis of preparation to be appropriate. However, the timing of final certification and receipt of the outstanding contractual sums is outside the Company's direct control. Accordingly, these circumstances indicate the existence of a material uncertainty which may cast significant doubt upon the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		8


3	Tangible fixed assets
		Office equipment		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 July 2024	2,245		462,559		464,804
	At 30 June 2025	2,245		462,559		464,804

	Depreciation
	At 1 July 2024	1,122		362,729		363,851
	Charge for the year	561		92,512		93,073
	At 30 June 2025	1,683		455,241		456,924

	Net book value
	At 30 June 2025	562		7,318		7,880
	At 30 June 2024	1,123		99,830		100,953


4	Debtors			2025		2024
£					£

	Trade debtors			31,168		284,660
	Retentions			244,102		244,102
	Other debtors			215,469		420,408
				490,739		949,170


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			12,179		12,179
	Directors' loan account - RM			13,744		(6,877)
	Trade creditors			546,332		817,262
	VAT Acc			(20,493)		13,789
	Taxation and social security costs			102,144		45,475
	Other creditors			25,075		25,798
				678,981		907,626


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			28,384		48,043


7	Post balance sheet event and going concern

	Subsequent to the year end, the Company continues to await final completion certification and sign-off in respect of the Pullman House development project undertaken for First Kent Properties Ltd. Following the year end, representations have been received from First Kent Properties Ltd concerning further contractual amounts in respect of project valuations, retentions and other amounts relating to projects undertaken by the Company. These representations indicate that amounts of approximately £780,000 are payable, or are expected to become payable, to the Company upon completion of the relevant contractual and certification processes. Based upon the representations received from First Kent Properties Ltd, recovery of these amounts would provide sufficient funds to enable the Company to discharge its outstanding creditors and other liabilities. The amounts referred to above remain subject to the relevant contractual, certification and completion processes and, at the date of approval of these financial statements, have not been received. The timing of final certification and payment is outside the Company's direct control. Accordingly, no adjustment has been made to these financial statements in respect of additional amounts arising from these representations beyond amounts otherwise recognised at the reporting date. In assessing the Company's ability to continue as a going concern, the director has necessarily had regard to, and placed reliance upon, the representations and assurances received from First Kent Properties Ltd regarding the amounts payable to the Company and their anticipated settlement following completion of the relevant processes. On the basis of those representations and the information presently available to him, the director considers the going concern basis of preparation to be appropriate. The Company continues to take appropriate steps to secure completion of the outstanding certification process and recovery of all sums properly due to it. However, as final certification and receipt of the outstanding contractual sums remain outside the Company's direct control, there is a material uncertainty which may cast significant doubt upon the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.


8	Controlling party

	The controlling party is the founding director R Moran.


9	Other information

	MORAN RESIDENTIALS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Dawes Court House
	Dawes Court, High Street
	Esher
	Surrey
	KT10 9QD