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Company No: 13230586 (England and Wales)

MAXEY MOVERLEY HOLDINGS LIMITED

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

MAXEY MOVERLEY HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MAXEY MOVERLEY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
MAXEY MOVERLEY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Investments 3 500,200 500,200
500,200 500,200
Current assets
Debtors 4 13,643 9,085
13,643 9,085
Creditors: amounts falling due within one year 5 ( 168,423) ( 117,024)
Net current liabilities (154,780) (107,939)
Total assets less current liabilities 345,420 392,261
Net assets 345,420 392,261
Capital and reserves
Called-up share capital 6 779 779
Share premium account 344,241 344,241
Profit and loss account 400 47,241
Total shareholders' funds 345,420 392,261

For the financial year ending 31 December 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 Maxey Moverley Holdings Limited (registered number: 13230586) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

Andrew Beckett
Director
MAXEY MOVERLEY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MAXEY MOVERLEY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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 period, unless otherwise stated.

General information and basis of accounting

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 35a Enfield Industrial Estate, Redditch, B97 6BY, 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The length of the prior period was shortened to 9 months to align with the reporting date of the subsidiary. Comparative amounts presented in the financial statements are therefore not entirely comparable.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

Year ended
31.12.2023
Period from
01.04.2022 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 01 January 2023 500,200
At 31 December 2023 500,200
Carrying value at 31 December 2023 500,200
Carrying value at 31 December 2022 500,200

4. Debtors

31.12.2023 31.12.2022
£ £
Amounts owed by directors 1,206 292
Other debtors 12,437 8,793
13,643 9,085

5. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Amounts owed to own subsidiaries 162,260 107,783
Amounts owed to directors 93 1,445
Other creditors 6,070 7,796
168,423 117,024

6. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
674 Ordinary shares of £ 1.00 each 674 674
20 A Non-voting ordinary shares of £ 1.00 each 20 20
85 B ordinary shares of £ 1.00 each 85 85
779 779

7. Related party transactions

Transactions with the entity's directors

31.12.2023 31.12.2022
£ £
Amounts owed by/(to) directors 1,113 (1,153)

Advances were made to the directors during the year totalling £109,997 and dividends were paid totalling £107,731. The amount outstanding at the year end was £1,113.