Silverfin false 31/01/2023 01/02/2022 31/01/2023 M Ogden 20/01/1999 C Ogden 01/10/2021 06 October 2023 The principal activity of the Company during the financial year was that of a holding company. The company did not trade during the year. 03698198 2023-01-31 03698198 bus:Director1 2023-01-31 03698198 bus:Director2 2023-01-31 03698198 2022-01-31 03698198 core:CurrentFinancialInstruments 2023-01-31 03698198 core:CurrentFinancialInstruments 2022-01-31 03698198 core:ShareCapital 2023-01-31 03698198 core:ShareCapital 2022-01-31 03698198 core:RetainedEarningsAccumulatedLosses 2023-01-31 03698198 core:RetainedEarningsAccumulatedLosses 2022-01-31 03698198 core:CostValuation 2022-01-31 03698198 core:CostValuation 2023-01-31 03698198 bus:OrdinaryShareClass1 2023-01-31 03698198 2022-02-01 2023-01-31 03698198 bus:FullAccounts 2022-02-01 2023-01-31 03698198 bus:SmallEntities 2022-02-01 2023-01-31 03698198 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 03698198 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 03698198 bus:Director1 2022-02-01 2023-01-31 03698198 bus:Director2 2022-02-01 2023-01-31 03698198 2021-02-01 2022-01-31 03698198 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 03698198 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03698198 (England and Wales)

M O ASSOCIATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

M O ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

M O ASSOCIATES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2023
M O ASSOCIATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2 2
2 2
Current assets
Debtors 4 338 338
338 338
Creditors: amounts falling due within one year 5 ( 2) ( 2)
Net current assets 336 336
Total assets less current liabilities 338 338
Net assets 338 338
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 336 336
Total shareholder's funds 338 338

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of M O Associates Limited (registered number: 03698198) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Ogden
Director

06 October 2023

M O ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
M O ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M O Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fixed asset investments

Investments in subsidiaries are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 February 2022 2
At 31 January 2023 2
Carrying value at 31 January 2023 2
Carrying value at 31 January 2022 2

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 338 338

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 2 2

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2