REGISTERED NUMBER:
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MOYLENA LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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REGISTERED NUMBER:
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MOYLENA LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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MOYLENA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
36-38 Northland Row |
Dungannon |
Co. Tyrone |
BT71 6AP |
MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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STATEMENT OF FINANCIAL POSITION |
30 NOVEMBER 2021 |
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2021 | 2020 |
Notes | £ | £ |
NON-CURRENT ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Receivables | 7 |
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Cash at bank |
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PAYABLES |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PAYABLES |
Amounts falling due after more than one
year |
9 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 NOVEMBER 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Moylena Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
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The accounting policies detailed below have been applied consistently throughout the year. |
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Property, plant and equipment |
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
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The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: |
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Freehold property | - 2% Straight Line |
Motor vehicles | - 25% Reducing Balance |
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The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
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Investments in subsidiaries |
Investments held as fixed assets are stated at cost less prevision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable. |
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Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. |
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Cash flow statement |
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
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Cash at bank |
Cash and cash equivalents includes cash in hand and deposits held at call with banks. |
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Share capital |
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Freehold | Motor |
property | vehicles | Totals |
£ | £ | £ |
COST |
At 1 December 2020 |
and 30 November 2021 |
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DEPRECIATION |
At 1 December 2020 |
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Charge for year |
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At 30 November 2021 |
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NET BOOK VALUE |
At 30 November 2021 |
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At 30 November 2020 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 December 2020 |
and 30 November 2021 |
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NET BOOK VALUE |
At 30 November 2021 |
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At 30 November 2020 |
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7. | RECEIVABLES |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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Prepayments and accrued income |
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Amounts owed by group undertakings are considered payable on demand and no interest charged in respect of same. |
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8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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The bank overdraft and bank loan is secured by way of fixed and floating charge over the undertaking of the company all monies and all of its property. |
MOYLENA LIMITED (REGISTERED NUMBER: NI627663) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2021 |
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9. | PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
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Other payables |
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The bank overdraft and bank loan is secured by way of fixed and floating charge over the undertaking of the company all monies and all of its property. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully
paid: |
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Number: | Class: | Nominal | 2021 | 2020 |
Value: | £ | £ |
52 | Ordinary A | 1 | 52 | 52 |
16 | Ordinary B | 1 | 16 | 16 |
16 | Ordinary C | 1 | 16 | 16 |
16 | Ordinary D | 1 | 16 | 16 |
825,000 | Redeemable Preference | 1 | 825,000 | 1,400,000 |
825,100 | 1,400,100 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the year end a balance of £11,742 (2020: £20,591) was due to the directors in respect of monies advanced to the company. |
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12. | RELATED PARTY DISCLOSURES |
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The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies. |