Mosspark Commercial 1 Ltd 31/10/2022 iXBRL

Mosspark Commercial 1 Ltd 31/10/2022 iXBRL

MOSSPARK COMMERCIAL 1 LTD - Company Information

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Company registration number: SC684674
Mosspark Commercial 1 Ltd
Trading as Mosspark Commercial 1 Ltd
Unaudited financial statements
31 October 2022
Mosspark Commercial 1 Ltd
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
Mosspark Commercial 1 Ltd
Directors and other information
Directors Mr J D T Bogie
Mrs F A Bogie
Mr D C Bogie
Mr S J Bogie
Company number SC684674
Registered office Mosspark
Brasswell
Dumfries
DG1 4PH
Business address Mosspark
Brasswell
Dumfries
DG1 4PH
Accountants Carson & Trotter
123 Irish Street
Dumfries
DG1 2PE
Mosspark Commercial 1 Ltd
Directors report
Period ended 31 October 2022
The directors present their report and the unaudited financial statements of the company for the period ended 31 October 2022.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the period and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Incorporation
The company was incorporated on 29th December 2020. It is a holding company and does not trade.
Directors
The directors who served the company during the period were as follows:
Mr J D T Bogie
Mrs F A Bogie
Mr D C Bogie
Mr S J Bogie
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 July 2023 and signed on behalf of the board by:
Mr J D T Bogie
Director
Mosspark Commercial 1 Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Mosspark Commercial 1 Ltd
Period ended 31 October 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mosspark Commercial 1 Ltd for the period ended 31 October 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Mosspark Commercial 1 Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mosspark Commercial 1 Ltd and state those matters that we have agreed to state to the board of directors of Mosspark Commercial 1 Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mosspark Commercial 1 Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Mosspark Commercial 1 Ltd 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 profit of Mosspark Commercial 1 Ltd. You consider that Mosspark Commercial 1 Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Mosspark Commercial 1 Ltd. 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.
Carson & Trotter
Chartered Accountants
123 Irish Street
Dumfries
DG1 2PE
31 July 2023
Mosspark Commercial 1 Ltd
Statement of financial position
31 October 2022
31/10/22 31/12/21
Note £ £ £ £
Fixed assets
Investments 4 7,185,000 7,185,000
_______ _______
7,185,000 7,185,000
_______ _______
Net assets 7,185,000 7,185,000
_______ _______
Capital and reserves
Called up share capital 7,185,000 7,185,000
_______ _______
Shareholders funds 7,185,000 7,185,000
_______ _______
The company did not trade during the current period or prior year and has not made either a profit or loss.
For the period ending 31 October 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge 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 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'.
These financial statements were approved by the board of directors and authorised for issue on 31 July 2023 , and are signed on behalf of the board by:
Mr J D T Bogie
Director
Company registration number: SC684674
Mosspark Commercial 1 Ltd
Notes to the financial statements
Period ended 31 October 2022
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mosspark, Brasswell, Dumfries, DG1 4PH.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current period or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2022 and 31 October 2022 7,185,000 7,185,000
_______ _______
Impairment
At 1 January 2022 and 31 October 2022 - -
_______ _______
Carrying amount
At 31 October 2022 7,185,000 7,185,000
_______ _______
At 31 December 2021 7,185,000 7,185,000
_______ _______
Investments in group undertakings
Registered office Class of share Percentage of shares held
Subsidiary undertakings
Mosspark Commercial Ltd Mosspark, Brasswell, Dumfries DG1 4PH Ordinary 100
5. Controlling party
The company is under the control of the Directors.