Moness Management Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC201164 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

MONESS MANAGEMENT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

S J McKenzie

J McKenzie

REGISTERED OFFICE:

Moness House Hotel & Country Club

Crieff Road

Aberfeldy

Perthshire

PH15 2DY

REGISTERED NUMBER:

SC201164 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

CURRENT ASSETS

Debtors

5

-

45,473

Cash at bank

8

8

8

45,481

CREDITORS

Amounts falling due within one year

6

1,660

1,733

NET CURRENT (LIABILITIES)/ASSETS

(1,652

)

43,748

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,652

)

43,748

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,752

)

43,648

SHAREHOLDERS' FUNDS

(1,652

)

43,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 27 September 2021 and were signed on its behalf by:

J McKenzie - Director

1.	STATUTORY INFORMATION

Moness Management Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements for the year have been prepared under the historical cost convention.

The presentation currency is sterling.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

-

45,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

520

520

Accrued expenses

1,140

1,213

1,660

1,733

7.	SECURED DEBTS

A floating charge is held by The Royal Bank of Scotland in respect of the property and undertaking of Moness Management Company Limited.

8.	RELATED PARTY DISCLOSURES

During the year the company has transacted with another member of the group.

2020

2019

Cash loaned to group company during the year

£nil

£47,424

Cash repaid from group company during the year

£15

£60

Expenses paid by group company on behalf of MMC

£1,213

£1,711

Loan balance written off during the year

£44,245

£nil

Balance due from group company at the year end

£nil

£45,473

9.	ULTIMATE CONTROLLING PARTY

The directors, J McKenzie and S McKenzie are deemed to be the ultimate controlling parties.

ULTIMATE PARENT COMPANY

The ultimate parent company is J & S McKenzie Group Limited (a company incorporated in Scotland). The accounts of J & S McKenzie Group Limited are available from Moness House Hotel & Country Club, Crieff Road, Aberfeldy, Perthshire, PH15 2DY.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moness Management Company Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Moness Management Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moness Management Company Limited and state those matters that we have agreed to state to the Board of Directors of Moness Management Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Moness Management Company 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 Moness Management Company Limited. You consider that Moness Management Company 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 Moness Management Company 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.

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

28 September 2021