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REGISTERED NUMBER: 02691184 (England and Wales)















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: S C Chan
C H Chan





REGISTERED OFFICE: 100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE





REGISTERED NUMBER: 02691184 (England and Wales)





ACCOUNTANTS: Leon & Company
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 4 104 130
Investment property 5 2,700,000 2,700,000
2,700,104 2,700,130

CURRENT ASSETS
Debtors 6 126,726 126,384
Investments 7 5,099 5,099
Cash at bank 214,102 166,265
345,927 297,748
CREDITORS
Amounts falling due within one year 8 516,524 520,239
NET CURRENT LIABILITIES (170,597 ) (222,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,529,507

2,477,639

PROVISIONS FOR LIABILITIES 9 204,593 204,593
NET ASSETS 2,324,914 2,273,046

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Non distributable reserves 11 1,368,008 1,368,008
Retained earnings 955,906 904,038
SHAREHOLDERS' FUNDS 2,324,914 2,273,046

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

Moebus Limited (Registered number: 02691184)

Balance Sheet - continued
30 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





C H Chan - Director


Moebus Limited (Registered number: 02691184)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Moebus 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 October 2022
and 30 October 2023 27,477 61,673 89,150
DEPRECIATION
At 31 October 2022 27,477 61,543 89,020
Charge for year - 26 26
At 30 October 2023 27,477 61,569 89,046
NET BOOK VALUE
At 30 October 2023 - 104 104
At 30 October 2022 - 130 130

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 2,700,000
NET BOOK VALUE
At 30 October 2023 2,700,000
At 30 October 2022 2,700,000

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 126,726 126,384

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 26,487 41,824
Other creditors 490,037 478,415
516,524 520,239

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: £    £   
250 A ordinary shares 1 250 250
250 B ordinary shares 1 250 250
500 C ordinary shares 1 500 500
1,000 1,000

11. RESERVES
Non
distributable
reserves
£   
At 31 October 2022
and 30 October 2023 1,368,008

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.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................