ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

MARTIN MOORE STONE LTD - Company Information

Print Friendly Version

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true22022-04-01trueNo description of principal activity2true 05399280 2022-04-01 2023-03-31 05399280 2021-04-01 2022-03-31 05399280 2023-03-31 05399280 2022-03-31 05399280 c:CompanySecretary1 2022-04-01 2023-03-31 05399280 c:Director1 2022-04-01 2023-03-31 05399280 c:Director2 2022-04-01 2023-03-31 05399280 c:RegisteredOffice 2022-04-01 2023-03-31 05399280 d:CurrentFinancialInstruments 2023-03-31 05399280 d:CurrentFinancialInstruments 2022-03-31 05399280 d:ShareCapital 2023-03-31 05399280 d:ShareCapital 2022-03-31 05399280 d:RetainedEarningsAccumulatedLosses 2023-03-31 05399280 d:RetainedEarningsAccumulatedLosses 2022-03-31 05399280 c:EntityHasNeverTraded 2022-04-01 2023-03-31 05399280 c:FRS102 2022-04-01 2023-03-31 05399280 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05399280 c:FullAccounts 2022-04-01 2023-03-31 05399280 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05399280









MARTIN MOORE STONE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023
 
MARTIN MOORE STONE LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2
Notes to the Financial Statements
 
3 - 5

 
MARTIN MOORE STONE LIMITED
 
 
COMPANY INFORMATION


Directors
M T Moore 
B Moore 




Company secretary
Mr M Moore



Registered number
05399280



Registered office
27 Spring Road

Hale

Cheshire

WA14 2UQ




Accountants
Alexander Knight and Co. Limited
Chartered Accountants

Westgate House

44 Hale Road

Hale

Altrincham

Cheshire

WA14 2EX




Page 1
 
MARTIN MOORE STONE LIMITED
REGISTERED NUMBER: 05399280

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
  
13,315
13,315

  
13,315
13,315

Total assets less current liabilities
  
 
 
13,315
 
 
13,315

Net assets
  
13,315
13,315


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
13,314
13,314

  
13,315
13,315


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The company did not trade during the current year or prior year and has not made either a profit or loss.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Moore
Director

Date: 12 December 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
MARTIN MOORE STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales (registered number 05399280) . The address of the registered office is 27 Spring Road, Hale, Cheshire, WA14 2UQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

  
2.2

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 financial statements. There have been no movements in shareholders funds during the current year or prior year.

 
2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 

Page 3
 
MARTIN MOORE STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Financial instruments (continued)

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Page 4
 
MARTIN MOORE STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
13,315
13,315

13,315
13,315



4.


Controlling party

The company's ultimate parent company is Martin Moore Furniture Limited, a company incorporated in England and Wales.

Page 5