Moomalu Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10197279 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

MOOMALU LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L J Ladbrooke

D A Pegler

SECRETARY:

Queen Square Secretaries Ltd

REGISTERED OFFICE:

3 Kingsmead Terrace

BATH

BA1 1UX

REGISTERED NUMBER:

10197279 (England and Wales)

ACCOUNTANTS:

Berkeley Hall Marshall Limited

6 Charlotte Street

Bath

BA1 2NE

FIXED ASSETS

Tangible assets

4

1,090,031

828,664

CURRENT ASSETS

Debtors

5

-

4,648

Cash at bank

17,390

8,456

17,390

13,104

CREDITORS

Amounts falling due within one year

6

590,636

420,136

NET CURRENT LIABILITIES

(573,246

)

(407,032

)

TOTAL ASSETS LESS CURRENT LIABILITIES

516,785

421,632

CREDITORS

Amounts falling due after more than one year

7

514,421

444,421

NET ASSETS/(LIABILITIES)

2,364

(22,789

)

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

1,540

1,540

Retained earnings

821

(24,332

)

2,364

(22,789

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 22 November 2020 and were signed on its behalf by:

Ms L J Ladbrooke - Director

1.	STATUTORY INFORMATION

Moomalu 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

Whilst the balance sheet is showing net current liabilities, the directors, who are also the majority shareholders, have prepared the accounts on the going concern basis.The directors will continue to provide the necessary financial support during at least the next twelve months from the date of signing the balance sheet. This support will be reviewed at that time.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

835,152

Additions

262,749

At 31 May 2020

1,097,901

DEPRECIATION

At 1 June 2019

6,488

Charge for year

1,382

At 31 May 2020

7,870

NET BOOK VALUE

At 31 May 2020

1,090,031

At 31 May 2019

828,664

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

4,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

100

Trade creditors

(3

)

(2

)

Taxation and social security

1,017

-

Other creditors

589,622

420,038

590,636

420,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

514,421

444,421

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

514,421

444,421