Moeraki Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08765807 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Moeraki Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Sparkes

Mrs L Sparkes

REGISTERED OFFICE:

37 York Road

Higham Ferrers

Northamptonshire

NN10 8HZ

REGISTERED NUMBER:

08765807 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Tangible assets

4

5,015

7,267

CURRENT ASSETS

Debtors

5

392,512

76,188

Cash at bank

31,915

380,097

424,427

456,285

CREDITORS

Amounts falling due within one year

6

12,114

481,194

NET CURRENT ASSETS/(LIABILITIES)

412,313

(24,909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

417,328

(17,642

)

CREDITORS

Amounts falling due after more than one year

7

(406,392

)

-

PROVISIONS FOR LIABILITIES

(953

)

(1,453

)

NET ASSETS/(LIABILITIES)

9,983

(19,095

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9,982

(19,096

)

SHAREHOLDERS' FUNDS

9,983

(19,095

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018 and were signed on its behalf by:

Mr D J Sparkes - Director

1.	STATUTORY INFORMATION

Moeraki Developments 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.

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.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

13,936

Additions

989

At 31 March 2018

14,925

DEPRECIATION

At 1 April 2017

6,669

Charge for year

3,241

At 31 March 2018

9,910

NET BOOK VALUE

At 31 March 2018

5,015

At 31 March 2017

7,267

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

9,166

-

Other debtors

3,346

3,334

Amounts due from related

parties

-

70,000

VAT

-

854

Accruals

80,000

-

Prepayments

-

2,000

92,512

76,188

Amounts falling due after more than one year:

Other debtors

300,000

-

Aggregate amounts

392,512

76,188

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,311

-

Tax

1,644

-

VAT

2,004

-

Directors' current accounts

-

479,039

Accrued expenses

6,155

2,155

12,114

481,194

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Directors' loan accounts

406,392

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

150

Ordinary

.0066

7

1

1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan from the director is interest free and repayable no earlier than 12 months after the year end.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J Sparkes.