The Moorland Sanitary Steam Laundry Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

The Moorland Sanitary Steam Laundry Limited

(Registration number: 00051163)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	6	1,500,000	1,650,000
Other financial assets	7	67,809	70,431
		1,567,809	1,720,431
Current assets
Debtors	8	18,253	49,262
Cash at bank and in hand		71,746	38,661
		89,999	87,923
Creditors: Amounts falling due within one year	9	(37,189)	(34,342)
Net current assets		52,810	53,581
Total assets less current liabilities		1,620,619	1,774,012
Provisions for liabilities		(36,541)	(99,041)
Net assets		1,584,078	1,674,971
Capital and reserves
Called up share capital		49,500	49,500
Share premium reserve		5,220	5,220
Capital redemption reserve		3,000	3,000
Profit and loss account		1,526,358	1,617,251
Shareholders' funds		1,584,078	1,674,971

The Moorland Sanitary Steam Laundry Limited

(Registration number: 00051163)
Statement of Financial Position as at 31 December 2025 (continued)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

Mrs AV Campbell Company secretary and director

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 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:
Unit 9
Moorland Laundry Estate
Weston super Mare
North Somerset
BS23 4EF
United Kingdom

Principal activity

The principal activity of the company is the holding of property investments

The principal place of business is:
Unit 9
Moorland Laundry Estate
Weston super Mare
North Somerset
BS23 4EF

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.

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

2	Accounting policies (continued)

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental of property and services rendered, stated net of discounts and of Value Added Tax.

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 tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

2	Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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

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.

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Equipment	- 33% straight line

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.

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	-	197

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	6,900	6,900
At 31 December 2025	6,900	6,900
Depreciation
At 1 January 2025	6,900	6,900
At 31 December 2025	6,900	6,900
Carrying amount
At 31 December 2025	-	-

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

6	Investment properties

	2025 £
At 1 January	1,650,000
Fair value adjustments	(150,000)
At 31 December	1,500,000

 

	Cost	Valuation
Love Lane, Old units	42,173	235,000
Love Lane, New units	135,302	285,000
Devonshire Road	157,267	750,000
Bridgwater Court	304,209	230,000
	638,951	1,500,000

The company's portfolio of freehold investment properties was revalued in May 2014 by Chartered Surveyor Mr Tim Garner of Saturley Garner Limited, on an open market basis. The directors are of the opinion that the valuation at the year end is not significantly different.
 

7	Other financial assets (current and non-current)

	Investments £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	70,431	70,431
Fair value adjustments	(2,622)	(2,622)
At 31 December 2025	67,809	67,809
Impairment
Carrying amount
At 31 December 2025	67,809	67,809

	Australian $	Sterling
School Apparel	60,000	28,449
ANZ Shares	29,612	14,640
Greyscan	50,000	24,720
	139,612	67,809

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

8

Debtors

	2025 £	2024 £
Trade debtors	18,007	49,227
Other debtors	246	35
	18,253	49,262

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	11,656	11,419
Accruals and deferred income	17,365	16,675
Other creditors	8,168	6,248
	37,189	34,342

10

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Capital redemption reserve

This reserve represents amounts paid following a redemption or share buyback.

Share premium reserve

This reserve represents amounts paid for share capital in excess of the nominal value.

The Moorland Sanitary Steam Laundry Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025 (continued)

11	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Mrs AV Campbell
Directors	(5,599)	(27,085)	27,416	(5,267)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mrs AV Campbell
Directors	(10,557)	(197)	5,155	(5,599)

Other transactions with directors

The loan is made interest free and repayable on demand. If overdrawn, interest is charged at H M Revenue and Customs official rate.