pinacle - Company Accounts (iXBRL 6.0.16)

MORHARV PROPERTIES LIMITED

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2017

Company Registration Number - 05492303

KP SIMPSON

Certified Public Accountants

	1.
MORHARV PROPERTIES LIMITED
COMPANY NUMBER - 05492303
Balance sheet as at 30 June 2017

			2017		2016

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		267,884		267,884
Current assets
Debtors	5	66,332		66,332
Cash at bank and in hand		687		1,447
		67,019		67,779
Current liabilities
Creditors - Amounts
falling due within one year	6	203,609		199,304
NET CURRENT LIABILITIES			(136,590)		(131,525)
Total assets less current liabilities			131,294		136,359
Creditors - Amounts falling
due after more than one year	6		(91,089)		(96,709)
Net assets			40,205		39,650

	2.
MORHARV PROPERTIES LIMITED
COMPANY NUMBER - 05492303
Balance sheet as at 30 June 2017

			2017		2016
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss account			40,105		39,550
Shareholders' funds			40,205		39,650

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 June 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on27 March 2018
and signed on their behalf by:

Anthony Mordew	Mark Harvey

	3.
MORHARV PROPERTIES LIMITED
Notes to the Financial Statements
For the year ended 30 June 2017
1. General Information

MORHARV PROPERTIES LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 05492303.

The company's registered office is 20 The Square, Fulwell, Sunderland, Tyne and Wear SR6 8JJ.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 10.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

No depreciation is provided on freehold land.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Employees

The average number of persons employed by the company (including directors) during the year was (2016 - ).

	4.
MORHARV PROPERTIES LIMITED
Notes to the Financial Statements
For the year ended 30 June 2017

4. Fixed assets - tangible

	Land and
	Buildings
Fair value	£
At 01 July 2016	267,884
and 30 June 2017
Net book values
At 30 June 2017	267,884
At 01 July 2016	267,884

Freehold land and buildings include £0 relating to land.

	2017		2016
	£		£
5. Debtors
Due within one year:
Other debtors	66,332		66,332

6. Creditors

Amounts falling due within one year:

Other creditors	194,512		191,738
Taxation and social security	8,737		7,566
Other creditors	360		-
	203,609		199,304
Amounts falling due after one year:
Other creditors:
Bank loan	5,200		5,200
Other	85,889		91,509
	91,089		96,709
7. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary A	100		100

	5.
MORHARV PROPERTIES LIMITED
Notes to the Financial Statements
For the year ended 30 June 2017

8. Related party transactions

9. Control

Anthony Mordew, a director, controls the company by virtue of a majority shareholding.

10. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.