REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 October 2023 |
for |
Moebus Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 October 2023 |
for |
Moebus Limited |
Moebus Limited (Registered number: 02691184) |
Contents of the Financial Statements |
for the Year Ended 30 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
Moebus Limited |
Company Information |
for the Year Ended 30 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
100 High Ash Drive |
Alwoodley |
Leeds |
West Yorkshire |
LS17 8RE |
Moebus Limited (Registered number: 02691184) |
Balance Sheet |
30 October 2023 |
30.10.23 | 30.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Non distributable reserves | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Moebus Limited (Registered number: 02691184) |
Balance Sheet - continued |
30 October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Moebus Limited (Registered number: 02691184) |
Notes to the Financial Statements |
for the Year Ended 30 October 2023 |
1. | STATUTORY INFORMATION |
Moebus Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 31 October 2022 |
and 30 October 2023 |
DEPRECIATION |
At 31 October 2022 |
Charge for year |
At 30 October 2023 |
NET BOOK VALUE |
At 30 October 2023 |
At 30 October 2022 |
Moebus Limited (Registered number: 02691184) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31 October 2022 |
and 30 October 2023 |
NET BOOK VALUE |
At 30 October 2023 |
At 30 October 2022 |
Fair value at 30 October 2023 is represented by: |
£ |
Valuation in 2014 | (327,399 | ) |
Valuation in 2017 | 450,000 |
Valuation in 2022 | 1,450,000 |
Cost | 1,127,399 |
2,700,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
30.10.23 | 30.10.22 |
£ | £ |
Cost | 1,127,399 | 1,127,399 |
The investment property was valued on an open market basis on 30 October 2023 by the directors . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.10.23 | 30.10.22 |
£ | £ |
Other debtors |
7. | CURRENT ASSET INVESTMENTS |
30.10.23 | 30.10.22 |
£ | £ |
Listed investments | 5,099 | 5,099 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.10.23 | 30.10.22 |
£ | £ |
Taxation and social security |
Other creditors |
9. | PROVISIONS FOR LIABILITIES |
Moebus Limited (Registered number: 02691184) |
Notes to the Financial Statements - continued |
for the Year Ended 30 October 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.10.23 | 30.10.22 |
value: | £ | £ |
A ordinary shares | 1 | 250 | 250 |
B ordinary shares | 1 | 250 | 250 |
C ordinary shares | 1 | 500 | 500 |
1,000 | 1,000 |
11. | RESERVES |
Non |
distributable |
reserves |
£ |
At 31 October 2022 |
and 30 October 2023 |
The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders. |
Revaluations £1,572,601 less deferred tax £204,593 non-distributable reserve £1,368,008. |
12. | RELATED PARTY DISCLOSURES |
One of the directors, Mr S H Chan has a loan account in his favour of £10,000. |
Pagsun Limited is a related party by virtue of its ongoing appointment of Mr C H Chan as its director. There is an outstanding intercompany balance in favour of Moebus Ltd amounting to £86,384 There have been no transactions during the current year. |
There have been no other related party transactions in the year. |
13. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr S C Chan by virtue of holding 50% of the issued equity share capital of the company. The remaining share capital is equally shared by Mr T H Chan and Mrs Yuk Ping Chan. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Moebus Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moebus Limited for the year ended 30 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Moebus Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moebus Limited and state those matters that we have agreed to state to the Board of Directors of Moebus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moebus Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Moebus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moebus Limited. You consider that Moebus Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Moebus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
100 High Ash Drive |
Alwoodley |
Leeds |
West Yorkshire |
LS17 8RE |
Date: ............................................. |