Morland Capital Partners Limited 30/11/2021 iXBRL

Morland Capital Partners Limited 30/11/2021 iXBRL

MORLAND CAPITAL PARTNERS LIMITED - Company Information

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Company registration number: 12316625
MORLAND CAPITAL PARTNERS LIMITED
30 November 2021
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
MORLAND CAPITAL PARTNERS LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
MORLAND CAPITAL PARTNERS LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr J M Morris
Company number 12316625
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address Black Lion Court
Pulverbatch
Shrewsbury
Shropshire
SY5 8EA
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
MORLAND CAPITAL PARTNERS LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MORLAND CAPITAL PARTNERS LIMITED
YEAR ENDED 30 NOVEMBER 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morland Capital Partners Limited for the year ended 30 November 2021 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Morland Capital Partners Limited, as a body, in accordance with the terms of our engagement letter dated 16 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Morland Capital Partners Limited and state those matters that we have agreed to state to them, as a body, 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 Morland Capital Partners Limited and its director as a body for our work or for this report.
It is your duty to ensure that Morland Capital Partners 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 Morland Capital Partners Limited. You consider that Morland Capital Partners Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Morland Capital Partners 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
27 July 2022
MORLAND CAPITAL PARTNERS LIMITED
STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2021
30/11/21 30/11/20
Note £ £ £ £
Current assets
Debtors 5 100 100
_______ _______
100 100
Creditors: amounts falling due
within one year 6 ( 446) ( 313)
_______ _______
Net current liabilities ( 346) ( 213)
_______ _______
Total assets less current liabilities ( 346) ( 213)
_______ _______
Net liabilities ( 346) ( 213)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 446) ( 313)
_______ _______
Shareholders deficit ( 346) ( 213)
_______ _______
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 July 2022 , and are signed on behalf of the board by:
Mr J M Morris
Director
Company registration number: 12316625
MORLAND CAPITAL PARTNERS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 NOVEMBER 2021
Called up share capital Profit and loss account Total
£ £ £
At 15 November 2019 - - -
Loss for the year ( 313) ( 313)
_______ _______ _______
Total comprehensive income for the year - ( 313) ( 313)
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 30 November 2020 and 1 December 2020 100 ( 313) ( 213)
Loss for the year ( 133) ( 133)
_______ _______ _______
Total comprehensive income for the year - ( 133) ( 133)
_______ _______ _______
At 30 November 2021 100 ( 446) ( 346)
_______ _______ _______
MORLAND CAPITAL PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is insolvent and dependant upon the continued support of the director.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Debtors
30/11/21 30/11/20
£ £
Other debtors 100 100
_______ _______
6. Creditors: amounts falling due within one year
30/11/21 30/11/20
£ £
Other creditors 446 313
_______ _______