Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-09-30false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11143496 2022-09-30 2023-03-31 11143496 2021-09-30 2022-09-29 11143496 2023-03-31 11143496 2022-09-29 11143496 c:Director1 2022-09-30 2023-03-31 11143496 d:CurrentFinancialInstruments 2023-03-31 11143496 d:CurrentFinancialInstruments 2022-09-29 11143496 d:Non-currentFinancialInstruments 2023-03-31 11143496 d:Non-currentFinancialInstruments 2022-09-29 11143496 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11143496 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-29 11143496 d:ShareCapital 2023-03-31 11143496 d:ShareCapital 2022-09-29 11143496 d:CapitalRedemptionReserve 2023-03-31 11143496 d:CapitalRedemptionReserve 2022-09-29 11143496 d:RetainedEarningsAccumulatedLosses 2023-03-31 11143496 d:RetainedEarningsAccumulatedLosses 2022-09-29 11143496 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 11143496 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-29 11143496 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-03-31 11143496 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2022-09-29 11143496 c:FRS102 2022-09-30 2023-03-31 11143496 c:AuditExempt-NoAccountantsReport 2022-09-30 2023-03-31 11143496 c:FullAccounts 2022-09-30 2023-03-31 11143496 c:PrivateLimitedCompanyLtd 2022-09-30 2023-03-31 11143496 d:Subsidiary1 2022-09-30 2023-03-31 11143496 d:Subsidiary2 2022-09-30 2023-03-31 11143496 d:Subsidiary2 1 2022-09-30 2023-03-31 11143496 d:Subsidiary3 2022-09-30 2023-03-31 11143496 d:Subsidiary3 1 2022-09-30 2023-03-31 11143496 d:Subsidiary4 2022-09-30 2023-03-31 11143496 d:Subsidiary4 1 2022-09-30 2023-03-31 11143496 d:Subsidiary5 2022-09-30 2023-03-31 11143496 d:Subsidiary5 1 2022-09-30 2023-03-31 11143496 2 2022-09-30 2023-03-31 11143496 6 2022-09-30 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11143496










MOORE HOUSE HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
MOORE HOUSE HOLDINGS LTD
REGISTERED NUMBER: 11143496

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
29 September
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
17,524,683
22,690,281

  
17,524,683
22,690,281

Current assets
  

Debtors
 5 
11,828,191
14,786,583

Cash at bank and in hand
 6 
6,882,317
2,889,783

  
18,710,508
17,676,366

Creditors: amounts falling due within one year
 7 
(882,001)
(2,409,065)

Net current assets
  
 
 
17,828,507
 
 
15,267,301

Total assets less current liabilities
  
35,353,190
37,957,582

  

Net assets
  
35,353,190
37,957,582


Capital and reserves
  

Called up share capital 
  
1,008
1,008

Capital redemption reserve
  
112
112

Profit and loss account
  
35,352,070
37,956,462

  
35,353,190
37,957,582


Page 1

 
MOORE HOUSE HOLDINGS LTD
REGISTERED NUMBER: 11143496
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2023.




................................................
P A Rodger
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Moore House Holdings Ltd is a private Company limited by shares incorporated in England and Wales (no. 11143496). 
The Company's registered office and principal place of business is Moore House, Whalton, Morpeth, Northumberland, NE61 3UX. The principal activity is holding investments. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company is exempt from preparing consolidated financial statements, under section 9.3e of FRS102 and section 383 of the Companies Act 2006, as the parent of a small group.
These financial statements cover the six month period from 30 September 2022 to 31 March 2023. The prior period figures cover the year ended 29 September 2022 and are therefore not entirely comparable. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has significant financial resources and no external borrowings. The directors believe the company is well placed to manage its business risks successfully and continue in existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis for the preparation of these financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Associates and joint ventures

An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.
An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.
As the group headed by Moore House Holdings Ltd is classified as small, these accounts disclose the transactions of the parent entity only. Income from joint ventures and associates is accounted for when it becomes receivable e.g. through declaration of a dividend. 
Any premium on acquisition is dealt with in accordance with the goodwill policy.

Page 4

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 5

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Page 6

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 7

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Fixed asset investments








Investments in subsidiary companies
Listed investments
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 30 September 2022
757
22,453,814
235,710
22,690,281


Additions
-
124,017
-
124,017


Disposals
-
(5,659,597)
-
(5,659,597)


Revaluations
-
369,982
-
369,982



At 31 March 2023
757
17,288,216
235,710
17,524,683





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Theobroma Corp
Robin Kelton Building, Choc Bay, Castries, St Lucia
Ordinary
100%
Arc En Ciel Ltd (indirect holding via Theobroma Corp)
Robin Kelton Building, Choc Bay, Castries, St Lucia
Ordinary
100%
Themis Developments Limited
Tower Buildings, 9 Oldgate, Morpeth, Northumberland NE61 1PY
Ordinary
65%
Fifi Aviation Limited
Tower Buildings, 9 Oldgate, Morpeth, Northumberland NE61 1PY
Ordinary
100%

Page 8

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
Subsidiary undertakings (continued)

The subsidiary companies all have an accounting reference date of September, as a result the most recent statutory accounts prepared are those for the year ended 29 September 2022. 
The aggregate of the share capital and reserves as at 29 September 2022 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/ (Loss)
£
£

Arc En Ciel Ltd (indirect holding via Theobroma Corp)
(718,980)
(58,121)

Theobroma Corp
7
-

Themis Developments Limited
(15,584)
(4,250)

Fifi Aviation Limited
(764,938)
(399,419)


5.


Debtors

31 March
29 September
2023
2022
£
£

Due after more than one year

Other debtors
485,429
997,172

485,429
997,172

Due within one year

Amounts owed by group undertakings
6,905,013
6,145,430

Amounts owed by joint ventures and associated undertakings
4,059,452
4,119,202

Other debtors
237,797
3,448,717

Deferred taxation
140,500
76,062

11,828,191
14,786,583



6.


Cash and cash equivalents

31 March
29 September
2023
2022
£
£

Cash at bank and in hand
6,882,317
2,889,783

6,882,317
2,889,783


Page 9

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

31 March
29 September
2023
2022
£
£

Amounts owed to group undertakings
7
7

Corporation tax
336,354
542,617

Other creditors
512,605
1,823,202

Accruals and deferred income
33,035
43,239

882,001
2,409,065



8.


Financial instruments

31 March
29 September
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,523,926
22,689,524

Financial assets measured at amortised cost
18,510,007
14,857,663

36,033,933
37,547,187


Financial liabilities


Other financial liabilities measured at amortised cost
(545,647)
(1,937,221)


Financial assets measured at fair value through profit or loss comprise investments in listed and unlisted shares.
Financial assets measured at amortised cost comprise cash at bank and in hand, amounts owed by group undertakings (including joint ventures and associates) and other debtors.


Other financial liabilities measured at amortised cost comprise director loans, amounts owed to group undertakings and accruals and deferred income. 


9.


Transactions with directors

The directors operate loan accounts with the Company. 
At the period end, £512,605 (September 2022 - £1,823,201) was owed to a director  of the company.
The above loan is unsecured, interest free and repayable on demand. 

Page 10

 
MOORE HOUSE HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Related party transactions

Themis Developments Limited, a company registered in England and Wales, is a subsidiary of the Company, as Moore House Holdings Ltd owns 65% of the issued share capital. The Company has provided an interest free loan to Themis Developments Limited, totalling £1,604,350, all of which was outstanding at the period end (September 2022 - £1,304,350). The loan is unsecured and repayable on demand.
World of Golf Limited (WG), a company registered in England Wales, is an associate of the Company, as Moore House Holdings Ltd owns 33.3% of the issued share capital. The Company has provided an interest free loan to WG, totalling £75,000, all of which is outstanding at the period end (September 2022 - £75,000). The loan is unsecured and repayable on demand.
Arcot Interiors Limited (formerly Arcot Maintenance Limited), a company registered in England and Wales, is an associate of the Company, as Moore House Holdings Ltd owns 35% of the issued share capital. The Company has provided an interest free loan to Arcot Interiors Limited, totalling £257,750, which was provided for in full during the period (2021 - £257,750 outstanding). The loan is unsecured and repayable on demand.
Filisa Investments Limited ("Filisa"), a company registered in England and Wales, is a joint venture of the Company, as Moore House Holdings Ltd owns 50% of the issued share capital and has the right to appoint 50% of the directors. The Company has provided an interest free loan to Filisa, totalling £3,909,452, all of which is outstanding at the period end (September 2022 - £3,761,452). The loan is unsecured and repayable on demand.
RMM Holdings Limited ("RMM"), a company registered in England and Wales, is a subsidiary of Filisa. The Company has provided an interest free loan to RMM, totalling £25,000, all of which is outstanding at the period end (September 2022 - £25,000). The loan is unsecured and repayable on demand.
As One Telecom Ltd ("As One"), a company registered in England and Wales, is a related part by virtue of common directors and shareholders. The Company has provided an interest free loan to As One, totalling £50,000, all of which is outstanding at the period end (September 2022 - £Nil). The loan is unsecured and repayable on demand.


11.


Controlling party

The controlling party is P A Rodger, who owns a majority of the issued share capital. 

 
Page 11