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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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MOONREEF LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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FOR |
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MOONREEF LIMITED |
MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Statement of Financial Position | 4 |
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Notes to the Financial Statements | 5 |
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MOONREEF LIMITED |
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COMPANY INFORMATION |
for the year ended 30 April 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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REPORT OF THE DIRECTORS |
for the year ended 30 April 2017 |
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The directors present their annual report and the audited financial statements for the year ended 30 April 2017. |
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The Directors' report has been prepared in accordance with the provision applicable to companies entitled to the small |
companies' exemption. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 May 2016 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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INCOME STATEMENT |
for the year ended 30 April 2017 |
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2017 | 2016 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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(100 | ) | (195 | ) |
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Other operating income |
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OPERATING (LOSS)/PROFIT | 3 | ( |
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Interest receivable and similar income |
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(LOSS)/PROFIT BEFORE TAXATION | ( |
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Tax on (loss)/profit |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
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MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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STATEMENT OF FINANCIAL POSITION |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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SHAREHOLDER FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the Board of Directors on
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MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Moonreef Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of accounting |
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. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective |
interest method, less any impairment. |
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Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to |
related parties and investments in non-puttable ordinary shares. |
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Debt instruments (other than those wholly repayable or receivable within one year), including loans and other |
accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently |
at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one |
year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount |
of the cash or other consideration expected to be paid or received. However, if the arrangements of a |
short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond |
normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right |
short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the |
future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at |
amortised cost. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the statement of income and retained earnings. |
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For financial assets measured at amortised cost, the impairment loss is measured as the difference between an |
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective |
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is |
the current effective interest rate determined under the contract. |
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For financial assets measured at cost less impairment, the impairment loss is measured as the difference between |
an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount |
that the Company would receive for the asset if it were to be sold at the reporting date. |
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Financial assets and liabilities are offset and the net amount reported in the statement of financial position when |
there is an 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 |
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Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are |
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using |
the effective interest method. |
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Turnover |
Turnover comprises income in relation to the sale of properties and is recognised on the point of completion and |
originated in the United Kingdom. |
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Taxation |
Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or |
recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Rental income |
Rental income is measured at the fair value of the consideration received or receivable on an accruals basis and |
is stated net of discounts and VAT. |
MOONREEF LIMITED (REGISTERED NUMBER: 05890154) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
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3. | OPERATING (LOSS)/PROFIT |
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Fees payable to the company's auditor for the audit of the company's accounts of £630 (2016: £630) have been |
borne by another group company. |
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There were no non-audit fees for the current or previous year. |
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The company has not had any staff during the current or previous year. |
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The directors have not received any remuneration for their services in the current or previous year. |
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4. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Amounts falling due after more than one year: |
Amounts owed by parent |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Prime London Residential Limited by virtue of its ownership of the entire issued |
share capital. |
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The smallest and largest group in which the results of the company will be consolidated is Prime London |
Residential Limited whose accounts will be obtainable from 59-60 Grosvenor Street, Mayfair, London, W1K |
3HZ. |