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

REGISTERED NUMBER: 10197279 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

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

1,088,049

1,088,929

CURRENT ASSETS

Cash at bank

28,324

15,370

CREDITORS

Amounts falling due within one year

5

600,058

588,541

NET CURRENT LIABILITIES

(571,734

)

(573,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

516,315

515,758

CREDITORS

Amounts falling due after more than one year

6

514,421

514,421

NET ASSETS

1,894

1,337

CAPITAL AND RESERVES

Called up share capital

3

3

Share premium

1,540

1,540

Retained earnings

351

(206

)

1,894

1,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 28 July 2022 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 Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

and 31 May 2022

1,097,901

DEPRECIATION

At 1 June 2021

8,972

Charge for year

880

At 31 May 2022

9,852

NET BOOK VALUE

At 31 May 2022

1,088,049

At 31 May 2021

1,088,929

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

1,450

-

Other creditors

598,608

588,541

600,058

588,541

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

514,421

514,421

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

514,421

514,421