Moeraki Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08765807 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Moeraki Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Sparkes

Mrs L Sparkes

REGISTERED OFFICE:

37 York Road

Higham Ferrers

Northamptonshire

NN10 8HZ

REGISTERED NUMBER:

08765807 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Tangible assets

4

446

2,319

CURRENT ASSETS

Debtors

5

177,237

385,941

Cash at bank

11,219

11,150

188,456

397,091

CREDITORS

Amounts falling due within one year

6

12,265

34,952

NET CURRENT ASSETS

176,191

362,139

TOTAL ASSETS LESS CURRENT LIABILITIES

176,637

364,458

CREDITORS

Amounts falling due after more than one year

7

(153,973

)

(341,105

)

PROVISIONS FOR LIABILITIES

(85

)

(441

)

NET ASSETS

22,579

22,912

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

22,578

22,911

SHAREHOLDERS' FUNDS

22,579

22,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 30 September 2020 and were signed on its behalf by:

Mr D J Sparkes - Director

1.	STATUTORY INFORMATION

Moeraki Developments Limited 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.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

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 etc

-

25% on cost and 20% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

14,925

DEPRECIATION

At 1 April 2019

12,606

Charge for year

1,873

At 31 March 2020

14,479

NET BOOK VALUE

At 31 March 2020

446

At 31 March 2019

2,319

5.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Other debtors

1,000

-

VAT

385

557

Accruals

-

80,000

1,385

80,557

Amounts falling due after more than one year:

Other debtors

175,852

301,775

Directors' loan accounts

-

3,609

175,852

305,384

Aggregate amounts

177,237

385,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Payments on account

1,200

1,200

Trade creditors

-

1,777

Tax

865

5,675

Directors' current accounts

2,400

8,500

Accrued expenses

7,800

17,800

12,265

34,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Directors' loan accounts

153,973

341,105

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

150

Ordinary

.0066

7

1

1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan from the director is interest free and repayable no earlier than 12 months after the year end.