Company No:
Contents
Note | 31.12.2022 | 31.03.2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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500,200 | 500,200 | |||
Current assets | ||||
Debtors | 4 |
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9,085 | 20,094 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (107,939) | (99) | ||
Total assets less current liabilities | 392,261 | 500,101 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Share premium account |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Maxey Moverley Holdings Limited (registered number:
Andrew Beckett
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
Maxey Moverley Holdings 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 6 Broad Ground Road, Lakeside, Redditch, B98 8YP, 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 £.
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.
The length of the reporting period has been shortened to 9 months. This is so that the accounting period falls in line with the subsidiary company. Comparative amounts presented in the financial statements are not entirely comparable.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 01.04.2022 to 31.12.2022 |
Period from 26.02.2021 to 31.03.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.12.2022 | |
£ | |
Cost | |
At 01 April 2022 |
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At 31 December 2022 |
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Carrying value at 31 December 2022 |
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Carrying value at 31 March 2022 |
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31.12.2022 | 31.03.2022 | ||
£ | £ | ||
Amounts owed by own subsidiaries |
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Amounts owed by directors |
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Other debtors |
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31.12.2022 | 31.03.2022 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
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Amounts owed to directors |
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Other creditors |
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31.12.2022 | 31.03.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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779 | 779 |
Transactions with entities in which the entity itself has a participating interest
31.12.2022 | 31.03.2022 | ||
£ | £ | ||
Amounts owed to (by) subsidiaries | 107,783 | (20,801) |
Transactions with the entity's directors
31.12.2022 | 31.03.2022 | ||
£ | £ | ||
Amounts owed to the directors | 1,153 | 4,516 |
Advances were made to the directors during the year totalling £72,251, credits were made totalling £728 and dividends were paid totalling £68,160. The amount outstanding at the year end was £1,153.