Registration number:
MooAva Limited
Filleted
for the Period from 21 May 2019 to 31 May 2020
MooAva Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
MooAva Limited
Company Information
Directors |
Ms R Bedgood Mr GC Jones |
Registered office |
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Accountants |
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MooAva Limited
(Registration number: 12009232)
Abridged Balance Sheet as at 31 May 2020
Note |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Accruals and deferred income |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
MooAva Limited
(Registration number: 12009232)
Abridged Balance Sheet as at 31 May 2020
For the financial period ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
MooAva Limited
Notes to the Abridged Financial Statements for the Period from 21 May 2019 to 31 May 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The company balance sheet is showing negative reserves due to the losses made in the financial period. Although the company has not traded during the period the directors remain fully committed to the company and forecasts that in the future it will be able to meet its day to day working capital requirements. The company intends to commence trading in the future with the continued support of its directors. For these reasons, the going concern basis remains appropriate.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and fittings |
20% Straight line |
Land and buildings |
Nil |
MooAva Limited
Notes to the Abridged Financial Statements for the Period from 21 May 2019 to 31 May 2020
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
MooAva Limited
Notes to the Abridged Financial Statements for the Period from 21 May 2019 to 31 May 2020
Tangible assets |
Land and buildings |
Furniture and fittings |
Total |
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Cost or valuation |
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Additions |
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At 31 May 2020 |
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Depreciation |
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Charge for the period |
- |
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At 31 May 2020 |
- |
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Carrying amount |
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At 31 May 2020 |
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Included within the net book value of land and buildings above is £401,592 in respect of freehold land and buildings.
Creditors: amounts falling due after more than one year |
Creditors include bank loans repayable by instalments of £219,975 due after more than five years.
Share capital |
Allotted, called up and fully paid shares
2020 |
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No. |
£ |
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100 |
New shares allotted
During the period |
Related party transactions |
Key management personnel
Relationship: Directors
Summary of transactions with key management