Moreton Park Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08196693 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2019

for

Moreton Park Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R E Flanagan

Mrs K J Flanagan

REGISTERED OFFICE:

The Glades

Festival Way

Festival Park

Stoke on Trent

Staffordshire

ST1 5SQ

REGISTERED NUMBER:

08196693 (England and Wales)

CURRENT ASSETS

Debtors

7

9,245

8,848

Cash at bank

13,436

3,751

22,681

12,599

CREDITORS

Amounts falling due within one year

8

53,932

50,399

NET CURRENT LIABILITIES

(31,251

)

(37,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,251

)

(37,800

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(31,351

)

(37,900

)

SHAREHOLDERS' FUNDS

(31,251

)

(37,800

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2019 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 on 3 September 2019 and were signed on its behalf by:

R E Flanagan - Director

1.	STATUTORY INFORMATION

Moreton Park 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the directors consider appropriate having regard to the company's

current and expected performance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

33.33% on cost

Fixtures and fittings

-

33.33% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value

with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. 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.

4.

EMPLOYEES

The average number of employees during the year was NIL (2018 - NIL).

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2018

and 30 March 2019

27,600

AMORTISATION

At 31 March 2018

and 30 March 2019

27,600

NET BOOK VALUE

At 30 March 2019

-

At 30 March 2018

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 31 March 2018

and 30 March 2019

2,312

24,082

26,394

DEPRECIATION

At 31 March 2018

and 30 March 2019

2,312

24,082

26,394

NET BOOK VALUE

At 30 March 2019

-

-

-

At 30 March 2018

-

-

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

9,245

8,848

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

1,029

Other creditors

53,932

49,370

53,932

50,399