Morestd Limited iXBRL

Company Registration Number: 09964616

Morestd Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 January 2026

Morestd Limited

Company Registration Number: 09964616

ABRIDGED BALANCE SHEET

as at 31 January 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

1,150,563

593,000

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Current Assets

Debtors

3,135

1,589

Cash and cash equivalents

67,509

69,278

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70,644

70,867

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Creditors: amounts falling due within one year

(1,136,069)

(587,420)

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Net Current Liabilities

(1,065,425)

(516,553)

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Total Assets less Current Liabilities

85,138

76,447

Provisions for liabilities

(9,974)

(9,974)

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Net Assets

75,164

66,473

═════════

Capital and Reserves

Called up share capital

100

100

Revaluation reserve

39,896

39,896

Retained earnings

35,168

26,477

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Equity attributable to owners of the company

75,164

66,473

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 17 October 2026




________________________________
Mr Jerome Adrien Zelty
Director

Morestd Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 January 2026

General Information

Morestd Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 09964616. The registered office of the company is Ashdon House, Second Floor, Moon Lane, Barnet, Hertfordshire, EN5 5YL, United Kingdom. The nature of the company's operations and its principal activities are set out in the Director's Report.

Currency

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Tangible assets and depreciation

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).


4.	Tangible assets
			Total


		£	£
	Cost
	At 1 February 2025	593,000	593,000
	Additions	557,563	557,563
		─────────	─────────
	At 31 January 2026	1,150,563	1,150,563
		─────────	─────────
	Depreciation
	At 1 February 2025	-	-
		─────────	─────────
	At 31 January 2026	-	-
		─────────	─────────
	Net book value
	At 31 January 2026	1,150,563	1,150,563
		═════════	═════════
	At 31 January 2025	593,000	593,000
		═════════	═════════