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MORELAND ESTATE PROPERTY MANAGEMENT (JR) LIMITED - Company Information

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Moreland Estate Property Management (JR) Limited

Registered Number:08521224

For the year ended 31 May 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 May 2021

Moreland Estate Property Management (JR) Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

08521224

As at 31 May 2021

Moreland Estate Property Management (JR) Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

134

267

134

267

Current assets

Trade and other receivables

37,165

22,003

40,483

Cash and cash equivalents

88,358

110,361

77,648

Trade and other payables: amounts falling due within one

year

(35,310)

(56,203)

42,338

54,158

Net current assets

Total assets less current liabilities

54,292

42,605

Trade and other payables: amounts falling due after more

than one year

(25,133)

29,159

Net assets

42,605

Capital and reserves

Called up share capital

200

Retained earnings

28,959

42,405

29,159

42,605

Shareholders' funds

For the year ended 31 May 2021 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 of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Ms J Tamele Redway Director

These financial statements were approved and authorised for issue by the Board on 23 February 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 31 May 2021

Moreland Estate Property Management (JR) Limited

Notes to the Financial Statements

Statutory Information

Moreland Estate Property Management (JR) Limited is a private limited company, limited by shares, domiciled in

England and Wales, registration number 08521224.

Registered address:

Avenfield House

118-127 Park Lane

London

W1K 7AF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33.333% Straight line

Computer Equipment

33.333% Straight line

Furniture and Fittings

2. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Cost or

valuation

At 01 June 2020

3,610

3,210

400

At 31 May 2021

400

3,210

3,610

Provision for depreciation and impairment

At 01 June 2020

3,343

3,210

133

Charge for year

133

At 31 May 2021

3,476

3,210

266

At 31 May 2021

Net book value

134

At 31 May 2020

267

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For the year ended 31 May 2021

Moreland Estate Property Management (JR) Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2020

2021

Trade debtors

3,414

20,075

Other debtors

18,589

17,090

37,165

22,003

4. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft

3,867

Trade creditors

6,553

195

Taxation and social security

20,098

20,078

Other creditors

25,685

15,037

56,203

35,310

(Bank Loan - See Note 5)

5. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

25,133

Analysis of creditors falling due after more than five years:

Payable by instalments

1,933

On 4 September 2020, the company took out an unsecured £29,000 (including £3,867 - see Note 4 above) Bounce Back Loan (BBL) through Barclays Bank UK PLC, repayable in 60 equal instalments, commencing on 4 October 2021 and terminating on 4 September 2026. The BBL is subject to interest at the fixed rate of 2.5%, covered by the UK Government for the first 12 months. The above loan, together with interest thereon, has been fully repaid in the ensuing year, with no early repayment charge, in accordance with the terms.

6. Average number of persons employed

During the year the average number of employees was 2 (2020 : 2)

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