REGISTERED NUMBER: 11608339 (England and Wales)

MOORLAP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O R Thomas

Mrs L J Thomas

REGISTERED OFFICE:

48 Station Road Station Road

Llandaff North

United Kingdom

Cardiff

CF14 2FF

REGISTERED NUMBER:

11608339 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

13,717

-

Investment property

5

1,978,844

1,642,976

1,992,561

1,642,976

CURRENT ASSETS

Debtors

6

-

731

Cash at bank

11,520

8,824

11,520

9,555

CREDITORS

Amounts falling due within one year

7

488,861

421,047

NET CURRENT LIABILITIES

(477,341

)

(411,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,515,220

1,231,484

CREDITORS

Amounts falling due after more than one year

8

(1,876,062

)

(1,465,793

)

PROVISIONS FOR LIABILITIES

(3,429

)

-

NET LIABILITIES

(364,271

)

(234,309

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

(364,291

)

(234,329

)

SHAREHOLDERS' FUNDS

(364,271

)

(234,309

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

Mr O R Thomas - Director

1.	STATUTORY INFORMATION

Moorlap Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% straight line on cost

Fixtures and fittings

-

25% straight line on cost

Computer equipment

-

25% straight line on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

2,072

-

899

2,971

Additions

-

18,289

-

18,289

At 31 October 2025

2,072

18,289

899

21,260

DEPRECIATION

At 1 November 2024

2,072

-

899

2,971

Charge for year

-

4,572

-

4,572

At 31 October 2025

2,072

4,572

899

7,543

NET BOOK VALUE

At 31 October 2025

-

13,717

-

13,717

At 31 October 2024

-

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,642,976

Additions

335,868

At 31 October 2025

1,978,844

NET BOOK VALUE

At 31 October 2025

1,978,844

At 31 October 2024

1,642,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

731

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,035

7,047

Taxation and social security

287

-

Other creditors

482,539

414,000

488,861

421,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667,433

1,157,166

Other creditors

208,629

308,627

1,876,062

1,465,793

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,673,468

1,163,781

Other loans

208,629

308,627

1,882,097

1,472,408

The company's has several charges which are secured by legal charges granted over investment properties owned by the company.

One Savings Bank PLC has a charge over the property known as 1C High Street, Abertidwr, Caerphilly, CF83 4DD. The loan balance at the date of the statement of financial position was £118,125.

Dbw Investments (11) Limited has a charge over the property known as Old St Peter's, Peterstone, Wentloog, Cardiff CF3 2TR.

Dbw Investments (11) Limited also holds a fixed and floating charge a over the company's interests and related rights as continuing security for sums due under the loan facility.The loan balance at the date of the statement of financial position was £921,253

Paragon Bank PLC has a charge over the property known as 39 St Fagans Rise, Cardiff CF5 3EZ. The loan balance at the date of the statement of financial position was £98,488.

Charter Court Financial Services Limited (trading as Precise Mortgages) has a charge over the property known as 39 St Fagans Rise, Cardiff CF5 3EZ.

Charter Court Financial Services Limited (trading as Precise Mortgages) has a charge over the property known as 8 Watson Road, Cardiff CF14 2JA.

Keystone Property Finance Limited has a charge over the property known as 8 Watson Road, Cardiff CF14 2JA. The loan balance at the date of the statement of financial position was £208,629.

More details can be found of the charges can be found at Companies House.