Moorbrock Estate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC124137 (Scotland)

Unaudited Financial Statements for the Year Ended 30th April 2018

for

Moorbrock Estate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

S Enggaard

SECRETARY:

S Enggaard

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

REGISTERED NUMBER:

SC124137 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Property, plant and equipment

4

2,061,609

1,599,255

CURRENT ASSETS

Inventories

23,000

23,000

Debtors

5

-

800

Cash at bank

116,509

160,613

139,509

184,413

CREDITORS

Amounts falling due within one year

6

(1,186,553

)

(755,270

)

NET CURRENT LIABILITIES

(1,047,044

)

(570,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,014,565

1,028,398

CREDITORS

Amounts falling due after more than one year

7

-

(36,701

)

NET ASSETS

1,014,565

991,697

CAPITAL AND RESERVES

Called up share capital

1,698,000

1,698,000

Retained earnings

(683,435

)

(706,303

)

1,014,565

991,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 29th January 2019 and were signed by:

S Enggaard - Director

1.	STATUTORY INFORMATION

Moorbrock Estate Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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

-

20% on reducing balance and 10% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 1 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2017

998,760

677,868

1,676,628

Additions

-

505,605

505,605

Disposals

-

(31,500

)

(31,500

)

At 30th April 2018

998,760

1,151,973

2,150,733

DEPRECIATION

At 1st May 2017

-

77,373

77,373

Charge for year

-

11,751

11,751

At 30th April 2018

-

89,124

89,124

NET BOOK VALUE

At 30th April 2018

998,760

1,062,849

2,061,609

At 30th April 2017

998,760

600,495

1,599,255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

59,691

20,631

Other creditors

1,126,862

734,639

1,186,553

755,270

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

-

36,701