Moore (Holdings) Limited 08515822 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is activities of head offices Digita Accounts Production Advanced 6.30.9574.0 true false true true 08515822 2023-01-01 2023-12-31 08515822 2023-12-31 08515822 core:RetainedEarningsAccumulatedLosses 2023-12-31 08515822 core:ShareCapital 2023-12-31 08515822 core:CurrentFinancialInstruments 2023-12-31 08515822 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08515822 core:PlantMachinery 2023-12-31 08515822 core:AllSubsidiaries 2023-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 08515822 core:OtherRelatedParties 2023-12-31 08515822 bus:SmallEntities 2023-01-01 2023-12-31 08515822 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08515822 bus:FilletedAccounts 2023-01-01 2023-12-31 08515822 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08515822 bus:RegisteredOffice 2023-01-01 2023-12-31 08515822 bus:Director1 2023-01-01 2023-12-31 08515822 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08515822 core:PlantMachinery 2023-01-01 2023-12-31 08515822 core:AllSubsidiaries 2023-01-01 2023-12-31 08515822 core:KeyManagementPersonnel 2023-01-01 2023-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 08515822 core:OtherRelatedParties 2023-01-01 2023-12-31 08515822 core:Subsidiary1 2023-01-01 2023-12-31 08515822 core:Subsidiary1 1 2023-01-01 2023-12-31 08515822 core:Subsidiary1 countries:EnglandWales 2023-01-01 2023-12-31 08515822 countries:EnglandWales 2023-01-01 2023-12-31 08515822 2022-12-31 08515822 core:CostValuation 2022-12-31 08515822 core:PlantMachinery 2022-12-31 08515822 core:AllSubsidiaries 2022-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 08515822 core:OtherRelatedParties 2022-12-31 08515822 2022-01-01 2022-12-31 08515822 2022-12-31 08515822 core:RetainedEarningsAccumulatedLosses 2022-12-31 08515822 core:ShareCapital 2022-12-31 08515822 core:CurrentFinancialInstruments 2022-12-31 08515822 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08515822 core:CurrentFinancialInstruments core:WithinOneYear core:CumulativeEffectDateInitialApplicationIncreaseDecrease 2022-12-31 08515822 core:CurrentFinancialInstruments core:CumulativeEffectDateInitialApplicationIncreaseDecrease 2022-12-31 08515822 core:PlantMachinery 2022-12-31 08515822 core:AllSubsidiaries 2022-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 08515822 core:OtherRelatedParties 2022-12-31 08515822 core:CumulativeEffectDateInitialApplicationIncreaseDecrease 2022-12-31 08515822 core:AllSubsidiaries 2022-01-01 2022-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2022-12-31 08515822 core:OtherRelatedParties 2022-01-01 2022-12-31 08515822 core:Subsidiary1 1 2022-01-01 2022-12-31 08515822 2021-12-31 08515822 core:AllSubsidiaries 2021-12-31 08515822 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 08515822 core:OtherRelatedParties 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 08515822

Moore (Holdings) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Moore (Holdings) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Moore (Holdings) Limited

(Registration number: 08515822)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,458

2,731

Investment property

5

1,450,000

1,450,000

Investments

6

1

1

 

1,452,459

1,452,732

Current assets

 

Debtors

7

43,044

47,436

Cash at bank and in hand

 

425

3,412

 

43,469

50,848

Creditors: Amounts falling due within one year

8

(311,399)

(308,985)

Net current liabilities

 

(267,930)

(258,137)

Total assets less current liabilities

 

1,184,529

1,194,595

Provisions for liabilities

(251,999)

(255,665)

Net assets

 

932,530

938,930

Capital and reserves

 

Called up share capital

134

134

Retained earnings

932,396

938,796

Shareholders' funds

 

932,530

938,930

 

Moore (Holdings) Limited

(Registration number: 08515822)
Balance Sheet as at 31 December 2023

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

J Moore
Director

   
     
 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
New Barn Farm
Laverton
Bath
BA2 7RE
England

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemptions provided by Section 399 of the Companies Act and has not prepared group accounts.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover represents amounts receivable for rents, service charges, grants and subsidies, net of VAT.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership;
- the cost incurred or to be incurred in respect of the transaction can be measured reliably;
- all of the significant risks and rewards of ownership have been transferred to the customer; and
- specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2022 - 2).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

3,160

3,160

At 31 December 2023

3,160

3,160

Depreciation

At 1 January 2023

429

429

Charge for the year

273

273

At 31 December 2023

702

702

Carrying amount

At 31 December 2023

2,458

2,458

At 31 December 2022

2,731

2,731

5

Investment properties

2023
£

At 1 January 2023

1,450,000

Additions

24,717

Fair value adjustments

(24,717)

At 31 December 2023

1,450,000


Revaluation
The fair value of the investment properties has been arrived at on the opinion of the directors. The basis of this valuation was open market value.

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Investments

2023
£

2022
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 January 2023

1

Provision

Carrying amount

At 31 December 2023

1

At 31 December 2022

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

JPM Classics Limited

New Barn Farm
Laverton
Bath
BA2 7RE

England and Wales

Ordinary shares

100%

100%

Subsidiary undertakings

JPM Classics Limited

The principal activity of JPM Classics Limited is maintenance and repair of motor vehicles.

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Debtors

Note

2023
£

2022
£

Amounts due from related parties

9

41,094

46,855

Prepayments

 

-

581

Other debtors

 

1,950

-

 

43,044

47,436

8

Creditors

Due within one year

Note

2023
£

2022
£

 

Trade creditors

 

-

895

Amounts due to related parties

9

36,276

13,114

Social security and other taxes

 

913

7,397

Other creditors

 

270,000

270,000

Accruals and deferred income

 

4,210

17,579

 

311,399

308,985

 

Moore (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

46,855

46,855

Advanced

11,089

11,089

Repaid

(16,850)

(16,850)

At end of period

41,094

41,094

2022

Subsidiary
£

Total
£

At start of period

41,261

41,261

Advanced

35,475

35,475

Repaid

(29,881)

(29,881)

At end of period

46,855

46,855

Terms of loans to related parties

Loans to subsidiaries are interest free and repayable on demand.
 

Loans from related parties

2023

Key management
£

Other related parties
£

Total
£

At start of period

3,114

10,000

13,114

Advanced

-

26,276

26,276

Repaid

(3,114)

-

(3,114)

At end of period

-

36,276

36,276

2022

Key management
£

Other related parties
£

Total
£

At start of period

20,615

-

20,615

Advanced

27,024

10,000

37,024

Repaid

(44,525)

-

(44,525)

At end of period

3,114

10,000

13,114

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.
 Loans from other related parties are interest free and repayable on demand.