Moffat Property Services Limited - Accounts to registrar (filleted) - small 23.1.2

Moffat Property Services Limited - Accounts to registrar (filleted) - small 23.1.2

MOFFAT PROPERTY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 01394790 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

MOFFAT PROPERTY SERVICES LIMITED
GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW








MOFFAT PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01394790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOFFAT PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: Ms M Lambert
R J Lambert





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 01394790 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW
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MOFFAT PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01394790)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,132,409 1,084,290

CURRENT ASSETS
Debtors 5 3,896 3,034
Cash at bank 46,024 51,857
49,920 54,891
CREDITORS
Amounts falling due within one year 6 320,528 315,102
NET CURRENT LIABILITIES (270,608 ) (260,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
861,801
824,079

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 757,886 710,334
Retained earnings 103,815 113,645
SHAREHOLDERS' FUNDS 861,801 824,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by:



Ms M Lambert - Director


The notes form part of these financial statements

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MOFFAT PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01394790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

Moffat Property Services Limited 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
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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Land and buildings are held for investment and not as operational assets. No depreciation is provided but they are revalued from time to time to reflect changes in their open market value. The last revaluation was as at 30 September 2016.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

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MOFFAT PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01394790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST OR VALUATION
At 1 October 2021 1,082,448 7,599 1,090,047
Additions - 1,370 1,370
Revaluations 47,552 - 47,552
At 30 September 2022 1,130,000 8,969 1,138,969
DEPRECIATION
At 1 October 2021 - 5,757 5,757
Charge for year - 803 803
At 30 September 2022 - 6,560 6,560
NET BOOK VALUE
At 30 September 2022 1,130,000 2,409 1,132,409
At 30 September 2021 1,082,448 1,842 1,084,290

Cost or valuation at 30 September 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£ £ £
Valuation in 2004 244,886 - 244,886
Valuation in 2011 40,000 - 40,000
Valuation in 2016 385,448 - 385,448
Valuation in 2021 40,000 - 40,000
Valuation in 2022 47,552 - 47,552
Cost 372,114 8,969 381,083
1,130,000 8,969 1,138,969

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2022 2021
£ £
Cost 372,114 372,114

Freehold land and buildings were valued on an open market basis on 30 September 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 3,896 3,034

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MOFFAT PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 01394790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Taxation and social security - 1,657
Other creditors 320,528 313,445
320,528 315,102

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