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REGISTERED NUMBER: 13572108 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MOFS (HOLDINGS) LIMITED

MOFS (HOLDINGS) LIMITED (REGISTERED NUMBER: 13572108)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOFS (HOLDINGS) LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mr A Gibbons
Mr A S Bielinski
Mr K Burn
Mr S J B Gosney
Mr M I Longfellow
Mr M D Worsley





Registered office: 7th Floor Unity Building
20 Chapel Street
Liverpool
L3 9AG





Registered number: 13572108 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

MOFS (HOLDINGS) LIMITED (REGISTERED NUMBER: 13572108)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,166,718 3,166,718

CURRENT ASSETS
Debtors 5 32,117 37,472
Cash at bank 36,028 36,267
68,145 73,739
CREDITORS
Amounts falling due within one year 6 1,213,636 675,406
NET CURRENT LIABILITIES (1,145,491 ) (601,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,021,227

2,565,051

CREDITORS
Amounts falling due after more than one year 7 1,625,601 2,018,851
NET ASSETS 395,626 546,200

CAPITAL AND RESERVES
Called up share capital 9 605,166 605,166
Retained earnings (209,540 ) (58,966 )
SHAREHOLDERS' FUNDS 395,626 546,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




Mr A Gibbons - Director


MOFS (HOLDINGS) LIMITED (REGISTERED NUMBER: 13572108)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Mofs (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 3,166,718
NET BOOK VALUE
At 30 June 2023 3,166,718
At 30 June 2022 3,166,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 32,117 37,472

MOFS (HOLDINGS) LIMITED (REGISTERED NUMBER: 13572108)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 271,522 271,522
Amounts owed to group undertakings 616,389 78,159
Other creditors 325,725 325,725
1,213,636 675,406

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,375,601 1,643,851
Other creditors 250,000 375,000
1,625,601 2,018,851

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,647,123 1,915,373

A cross guarantee is in place with group undertakings in respect of the bank loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
114,279 Ordinary £1 114,279 114,279
490,887 Preference £1 490,887 490,887
605,166 605,166

10. CONTINGENT LIABILITIES

The company has an obligation to pay in respect of each Preference Share, a fixed, cumulative, preferential dividend at an annual rate of 6% of the issue price per preferred share. The liability at the year end date is £36,817.