Moreland Commercial Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05237999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

MORELAND COMMERCIAL INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

L C Freilich

SECRETARY:

S S Freilich

REGISTERED OFFICE:

5 Sentinel Square

Hendon

London

NW4 2EL

REGISTERED NUMBER:

05237999 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

FIXED ASSETS

Investment property

3

12,001

12,001

CURRENT ASSETS

Debtors

4

7,573

6,960

CREDITORS

Amounts falling due within one year

5

(3,503

)

(4,005

)

NET CURRENT ASSETS

4,070

2,955

TOTAL ASSETS LESS CURRENT LIABILITIES

16,071

14,956

PROVISIONS FOR LIABILITIES

(68

)

(68

)

NET ASSETS

16,003

14,888

CAPITAL AND RESERVES

Called up share capital

6

100

100

Fair value reserve

7

338

338

Retained earnings

7

15,565

14,450

SHAREHOLDERS' FUNDS

16,003

14,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 25 September 2017 and were signed by:

L C Freilich - Director

1.	STATUTORY INFORMATION

Moreland Commercial Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced fees for the management of various properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalent

Cash and cash equivalent include cash in hand, deposits held at call with banks other short term liquid

investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

and 31 December 2016

12,001

NET BOOK VALUE

At 31 December 2016

12,001

At 31 December 2015

12,001

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 2014

338

Cost

11,663

12,001

If Investment property had not been revalued it would have been included at the following historical cost:

2016

2015

£

£

Cost

11,663

11,663

Investment property was valued on an open market value basis on 31 December 2015 by the director .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,128

1,550

Other debtors

5,445

5,410

7,573

6,960

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

500

200

Taxation and social security

557

1,259

Other creditors

2,446

2,546

3,503

4,005

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2016

14,450

338

14,788

Profit for the year

1,115

1,115

At 31 December 2016

15,565

338

15,903

8.	RELATED PARTY DISCLOSURES

Moreland Estate Property Management Limited

A company with shareholders in common.

Amounts are repayable on demand.

2016

2015

£

£

Amount due from related party at the balance sheet date

5,445

5,235

MW Freeholds Limited

A company with shareholders in common.

Amounts are repayable on demand.

2016

2015

£

£

Amount due to related party at the balance sheet date

436

436

9.	FIRST YEAR ADOPTION

FRS 102 (section 1A) was adopted on 1 January 2016. The transition has resulted in the requirement for a

provision for deferred tax. Therefore the comparatives have been restated. The reconciliation between the old

and the new framework is shown in the Reconciliation of Equity at 1 January 2015 and 31 December 2015.The

last Financial Statements date reported under the previous framework was 31 December 2015.

The following reproduces the text of the report prepared for the director and members 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 Income Statement and certain other

primary statements and the Report of the Director 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 Moreland Commercial Investments Limited for the year ended 31 December 2016 which

comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Moreland Commercial Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moreland Commercial Investments Limited and state those matters that we have agreed to state to the director of Moreland Commercial Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moreland Commercial Investments Limited director for our work or for this report.

It is your duty to ensure that Moreland Commercial Investments 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 profit of Moreland Commercial Investments Limited. You consider that Moreland Commercial Investments 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 Moreland Commercial Investments 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.

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

25 September 2017