Moorlands Management Company Ltd (The - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01656538 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MOORLANDS MANAGEMENT COMPANY

LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Barker

Ms J L Beer

D P Coates

J R Hague

Ms L M Kay

Ms J Wallington

Ms S Winterburn

S A Young

SECRETARY:

Mrs A MacAlevey

REGISTERED OFFICE:

Intercity Accommodation

21 Moor Road

Leeds

LS6 4BG

REGISTERED NUMBER:

01656538 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Suite 1, Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

FIXED ASSETS

Investment property

4

35,000

35,000

CURRENT ASSETS

Debtors

5

5,671

5,918

Cash at bank

142,623

128,955

148,294

134,873

CREDITORS

Amounts falling due within one year

6

(12,409

)

(12,442

)

NET CURRENT ASSETS

135,885

122,431

TOTAL ASSETS LESS CURRENT LIABILITIES

170,885

157,431

PROVISIONS FOR LIABILITIES

(6,650

)

(6,650

)

NET ASSETS

164,235

150,781

CAPITAL AND RESERVES

Called up share capital

7

54

54

Revaluation reserve

8

28,350

28,350

Retained earnings

135,831

122,377

SHAREHOLDERS' FUNDS

164,235

150,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2022 and were signed on its behalf by:

D P Coates - Director

1.	STATUTORY INFORMATION

Moorlands Management Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

TURNOVER

Turnover represents amounts receivable by the company from the members to cover management services and general expenses together garage rents.

INVESTMENT PROPERTY

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the Income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

and 31 December 2021

35,000

NET BOOK VALUE

At 31 December 2021

35,000

At 31 December 2020

35,000

Investment property comprises 28 garages available for rent at The Moorlands, Leeds. The fair value of the investment property has been arrived at on the basis of a valuation carried out in 2001 and subject to annual review by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and the rate of return on such properties and the directors consider that this still represents the fair value.

The original cost to the company of the investment property was £Nil (2020: £Nil).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

825

1,430

Other debtors

4,846

4,488

5,671

5,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

12,409

12,442

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

54

Ordinary

£1

54

54

8.

RESERVES

Revaluation

reserve

£

At 1 January 2021

and 31 December 2021

28,350

The revaluation reserve represents the surplus arising on the revaluation of the freehold garages less a provision for deferred tax. The deferred tax provision on the surplus on revaluation of the company's investment property amounts to £6650 (2020: £6650).