Moko Harrogate Limited - Period Ending 2017-10-31

Registration number: 08263746

Moko Harrogate Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2017

Moko Harrogate Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Moko Harrogate Limited

Company Information

Director

Mr P Kinsey

Registered office

2 Kings Road Harrogate North Yorkshire HG1 1BT

Page 1

Moko Harrogate Limited

(Registration number: 08263746)
Balance Sheet as at 31 October 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		100	100
Capital and reserves
Called up and fully paid share capital		100	100
Total equity		100	100

For the financial year ending 31 October 2017 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.

Approved and authorised by the director on 29 October 2018
 

......................................... Mr P Kinsey Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Moko Harrogate Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

1	General information

The Company is a private company limited by share capital incorporated in England and Wales. Details of the registered office are shown on page 1.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These financial statements have been prepared on a going concern basis, using the historical cost convention and in accordance with FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Revenue recognition

Turnover comprises the market value of rents received or receivable for the provision of tenancy in the ordinary course of the company’s activities. Rents receivable is shown net of value added tax.

The company recognises rental income over the term of the lease on a straight line basis.

Tax

Current income tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on timing differences between taxable profits and profits reported in the financial statements. Deferred tax is recognised on all timing differences at the reporting date and is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement. Equity instruments are those that entitle the holder to a residual interest in the Company's assets after deducting all of its liabilities.

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

Page 3

Moko Harrogate Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

3	Transition to FRS 102

This is the first year that the Company has presented its results under FRS 102. In view of this, the financial statements for the prior year are also required to be adjusted to an FRS 102 basis and accordingly the Company is now presenting financial statements that include comparative figures prepared in accordance with FRS 102. The date of transition to FRS 102 is 1st November 2015. There were no material amendments arising from the adoption of FRS 102.

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