Morcote Property Investment Ltd in Sidmouth, EX10 8LS

Description

Data updated on: 01-11-2023

Morcote Property Investment came into being in 1999 as a company enlisted under no 03894368, located at EX10 8LS Sidmouth at C/o Easterbrook Eaton Limited Cosmopolitan House. This company has been in business for twenty five years and its last known status is active. Up till now Morcote Property Investment Ltd switched the official name five times. Until 2015-07-29 the firm used the business name Morcote. After that the firm adapted the business name Meldrum Salter Edgley Property that was used till 2015-07-29 then the current name was agreed on. The firm's classified under the NACE and SIC code 68209 and their NACE code stands for Other letting and operating of own or leased real estate. The most recent filed accounts documents cover the period up to 2023-03-31 and the most recent annual confirmation statement was released on 2022-12-15.

The data we obtained that details the following firm's personnel shows us that there are two directors: Sarah G. and Michael G. who joined the company's Management Board on 2015-07-30 and 2008-05-01. To provide support to the directors, this particular company has been using the skills of Sarah G. as a secretary since 2015.

Previous company's names
Morcote Property Investment Ltd 2015-07-29
Morcote Limited 2015-05-28
Meldrum Salter Edgley Property Limited 2010-03-22
Meldrum Salter Edgley Limited 2000-01-24
Meldrum Salter Edgeley Limited 2000-01-10
Silveraccent Limited 1999-12-15

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	313 670	163 328

Balance Sheet
Cash Bank On Hand		3 488	10 353	50 107	70 343	67 516	66 288	47 878	65 438
Current Assets	233 570	76 188	11 111	50 407	71 192		66 288	48 128	65 788
Debtors	232 732	72 700	758	300	849			250	350
Net Assets Liabilities		163 328	274 235	251 686	259 270	282 326	314 441	329 067	348 652
Property Plant Equipment					663	765	756	567	2 199
Cash Bank In Hand	838	3 488
Other Debtors		72 700	758	300	849
Tangible Fixed Assets		588 040

Capital & Reserves
Called Up Share Capital	100	60
Profit Loss Account Reserve	313 570	163 228
Shareholder Funds	313 670	163 328

Other Financial Data
Accrued Liabilities Not Expressed Within Creditors Subtotal					-19 235	-17 576	-8 832	-15 100	-28 070
Accumulated Depreciation Impairment Property Plant Equipment					113	368	620	809	1 542
Additions Other Than Through Business Combinations Property Plant Equipment						357	243		2 365
Average Number Employees During Period			2	2	2	2	2	2	2
Creditors		500 900	450 000	1 228 496	1 241 671	1 229 175	1 203 991	1 166 695	1 151 894
Fixed Assets	100 000	588 040		1 485 000	1 485 663	1 485 765	1 485 756	1 485 567	1 487 199
Increase From Depreciation Charge For Year Property Plant Equipment					113	255	252	189	733
Investment Property		588 040	1 485 000	1 485 000	1 485 000	1 485 000	1 485 000	1 485 000	1 485 000
Investment Property Fair Value Model		588 040	1 485 000	1 485 000	1 485 000	1 485 000	1 485 000	1 485 000
Net Current Assets Liabilities	213 670	-424 712	1 760	20 262	40 358	-1 160 783	-1 137 403	-1 116 320	-1 084 977
Nominal Value Allotted Share Capital					60	60	60	60	60
Number Shares Issued Fully Paid					60	60	60	60	60
Par Value Share		1				1	1	1	1
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal					849	876	300	2 247	1 129
Property Plant Equipment Gross Cost					776	1 133	1 376	1 376	3 741
Provisions For Liabilities Balance Sheet Subtotal			25 080	25 080	25 080	25 080	25 080	25 080	25 500
Total Assets Less Current Liabilities	313 670	163 328	749 315	1 505 262	1 526 021	324 982	348 353	369 247	402 222
Amount Specific Advance Or Credit Directors				747 096	1 201 145	1 173 577	1 145 577	1 098 127	1 098 286
Amount Specific Advance Or Credit Made In Period Directors						-30 000	-30 000	-50 000	-2 681
Amount Specific Advance Or Credit Repaid In Period Directors					454 049	2 000	2 000	2 550	2 840
Director Remuneration					17 256	17 584	8 832	15 100	21 300
Additions Other Than Through Business Combinations Investment Property Fair Value Model			764 951
Bank Borrowings Overdrafts			450 000	450 000
Capital Redemption Reserve		40
Creditors Due Within One Year	19 900	500 900
Investments Fixed Assets	100 000
Number Shares Allotted	14	21
Other Creditors		500 900	737 445	778 496	1 241 671
Other Taxation Social Security Payable			100	3 600	4 400
Share Capital Allotted Called Up Paid	14	21
Tangible Fixed Assets Additions		588 040
Tangible Fixed Assets Cost Or Valuation		588 040
Total Additions Including From Business Combinations Property Plant Equipment					776
Trade Creditors Trade Payables					1 074