Mossvale (Holdings) Limited Small abridged accounts

Mossvale (Holdings) Limited Small abridged accounts

MOSSVALE (HOLDINGS) LIMITED - Company Information

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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Mossvale (Holdings) Limited have consented to the preparation of the abridged statement of financial position for the year ending 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 08536967
MOSSVALE (HOLDINGS) LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2017
MOSSVALE (HOLDINGS) LIMITED
ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2017
Contents
Page
Officers and Professional Advisers
1
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements
2
Abridged Statement of Financial Position
3
Notes to the Abridged Financial Statements
5
MOSSVALE (HOLDINGS) LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The Board of Directors
I Chambers
M L Evans
R W Neale
Registered Office
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
Accountants
Langard Lifford Hall Limited
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
MOSSVALE (HOLDINGS) LIMITED
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF MOSSVALE (HOLDINGS) LIMITED
YEAR ENDED 30 SEPTEMBER 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Mossvale (Holdings) Limited for the year ended 30 September 2017, which comprise the abridged statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Langard Lifford Hall Limited Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
14 February 2018
MOSSVALE (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
30 September 2017
2017
2016
Note
£
£
£
£
Fixed assets
Investments
4
266,417
266,417
Creditors: amounts falling due within one year
147,867
78,800
------------
------------
Net current liabilities
147,867
78,800
------------
------------
Total assets less current liabilities
118,550
187,617
Creditors: amounts falling due after more than one year
67,951
137,018
------------
------------
Net assets
50,599
50,599
------------
------------
Capital and reserves
Called up share capital
200
200
Share premium account
50,399
50,399
------------
------------
Shareholders funds
50,599
50,599
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 September 2017 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 abridged financial statements for the year 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 abridged financial statements .
MOSSVALE (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
30 September 2017
These abridged financial statements were approved by the board of directors and authorised for issue on 14 February 2018 , and are signed on behalf of the board by:
I Chambers
Director
Company registration number: 08536967
MOSSVALE (HOLDINGS) LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2017
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.
Income statement
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 year or prior year and therefore no income statement is presented within these abridged financial statements. There have been no movements in shareholders funds during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
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.
4. Investments
£
Cost
At 1 October 2016 and 30 September 2017
266,417
------------
Impairment
At 1 October 2016 and 30 September 2017
–
------------
Carrying amount
At 30 September 2017
266,417
------------
At 30 September 2016
266,417
------------
5. Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
No transitional adjustments were required in equity or profit or loss for the year.