Company Registration No. 09965484 (England and Wales)
Moundfield Estates Ltd
Unaudited accounts
for the year ended 31 January 2020
Moundfield Estates Ltd
Unaudited accounts
Contents
Moundfield Estates Ltd
Company Information
for the year ended 31 January 2020
Directors
Victor Fried
Moses Moskovitz
Company Number
09965484 (England and Wales)
Registered Office
16 Moundfield Road
London
N16 6DT
England
Moundfield Estates Ltd
Statement of financial position
as at 31 January 2020
Investment property
524,111
524,111
Cash at bank and in hand
287
14
Creditors: amounts falling due within one year
(200,330)
(197,556)
Net current liabilities
(102,227)
(181,245)
Total assets less current liabilities
421,884
342,866
Creditors: amounts falling due after more than one year
(465,025)
(367,397)
Net liabilities
(43,141)
(24,531)
Called up share capital
4
4
Profit and loss account
(43,145)
(24,535)
Shareholders' funds
(43,141)
(24,531)
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2021 and were signed on its behalf by
Victor Fried
Director
Company Registration No. 09965484
Moundfield Estates Ltd
Notes to the Accounts
for the year ended 31 January 2020
Moundfield Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09965484. The registered office is 16 Moundfield Road, London, N16 6DT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
4
Transactions with related parties
Included within debtors are loans aggregating to £47,127 (2019:£381) due from companies with a director in common with this company.
Included within creditors are loans aggregating to £28,119 (2019:£67,599) due to companies with director's in common with this company.
5
Average number of employees
During the year the average number of employees was 0 (2019: 0).
