Company No: 11959061 (England and Wales)

Contents

• Company Information
• Accountant's Report
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTORS	Jed Peacock
	Andrea Peacock
REGISTERED OFFICE	The Pottery
	Moorhaven Village
	Ivybridge
	PL21 0HB
	United Kingdom
COMPANY NUMBER	11959061(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	Salt Quay House
	4 North East Quay
	Sutton Harbour
	Plymouth
	PL4 0BN

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moorhaven Holdings Limited for the financial period ended 31 March 2020 which comprises the Statement of Financial Position and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

We are subject to the ethical and other professional requirements of the Institute of Chartered Accountants in England and Wales (ICAEW) which are detailed at _http://www.icaew.com/en/members/regulations-standards-and-guidance/_.

It is your duty to ensure that Moorhaven Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Moorhaven Holdings Limited. You consider that Moorhaven Holdings Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Moorhaven Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Moorhaven Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 19 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Moorhaven Holdings Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moorhaven Holdings Limited and its Board of Directors as a body for our work or for this report.

Bishop Fleming LLP
Chartered Accountants

Salt Quay House
4 North East Quay
Sutton Harbour
Plymouth
PL4 0BN

26 March 2021

		2020
	Note	£
Fixed assets
Investments	3	350,002
		350,002
Current assets
Debtors	4	105,949
Cash at bank and in hand		144,025
		249,974
Creditors
Amounts falling due within one year	5	( 601,101)
Net current liabilities		(351,127)
Total assets less current liabilities		(1,125)
Net liabilities		( 1,125)
Capital and reserves
Called-up share capital	6	1,000
Profit and loss account		( 2,125 )
Total shareholders' deficit		( 1,125)

For the financial period ending 31 March 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Moorhaven Holdings Limited (registered number: 11959061) were approved and authorised for issue by the Board of Directors on 25 March 2021. They were signed on its behalf by:

Andrea Peacock Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period.

General information and basis of accounting

Moorhaven Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Pottery, Moorhaven Village, Ivybridge, PL21 0HB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Moorhaven Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2020
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Fixed asset investments

Investments in subsidiaries

	2020
	£
Cost
At 01 April 2019	0
Additions	350,002
At 31 March 2020	350,002
Carrying value at 31 March 2020	350,002

Investments in shares

Name of entity	Registered office	Nature of business	Class of shares	% of ownership 31.3.20
Moorhaven Ltd	The Pottery, Moorhaven Village, Ivybridge, Devon, PL21 0HB	Development of building projects	Ordinary	100.00%
Moorhaven Farms Limited	The Pottery, Moorhaven Village, Ivybridge, Devon, PL21 0HB	Development of building projects	Ordinary	100.00%
Moorhaven Rural Limited	The Pottery, Moorhaven Village, Ivybridge, Devon, PL21 0HB	Development of building projects	Ordinary	100.00%

4. Debtors

	2020
	£
Amounts owed by Group undertakings	104,999
Prepayments	950
	105,949

5. Creditors: amounts falling due within one year

	2020
	£
Amounts owed to Group undertakings	252,731
Amounts owed to directors	346,270
Accruals	2,100
	601,101

6. Called-up share capital and reserves

	2020
	£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000
	1,000

On incorporation, 1 ordinary £1 share was allotted and fully-paid. During the year, 349,999 additional ordinary £1 shares were allotted and fully-paid. On 26 March 2020, a share capital reduction took place, and 349,000 ordinary £1 shares were returned to the shareholders.

7. Related party transactions

Transactions with the entity's directors

	2019
	£
Directors' loan accounts	(346,270)

As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.