REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
AXON MOORE HOLDINGS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
AXON MOORE HOLDINGS LIMITED |
AXON MOORE HOLDINGS LIMITED (REGISTERED NUMBER: 13207238) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
AXON MOORE HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
SOLICITORS: |
50 Fountain Street |
Manchester |
M2 2AS |
AXON MOORE HOLDINGS LIMITED (REGISTERED NUMBER: 13207238) |
STATEMENT OF FINANCIAL POSITION |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Capital redemption reserve | 8 |
Other reserves | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
AXON MOORE HOLDINGS LIMITED (REGISTERED NUMBER: 13207238) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Axon Moore Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Axon Moore Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Financial instruments |
The company holds only basic financial instruments, as defined under Section 11 of FRS 102. |
Short term financial liabilities are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. |
Financial liabilities that are payable after one year are measured at amorised cost, at the effective interest rate applicable. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Fixed asset investments |
Fixed asset investments are stated at cost less provision for impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
AXON MOORE HOLDINGS LIMITED (REGISTERED NUMBER: 13207238) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The company had interests in the following share capital of companies registered in England and Wales: |
Subsidiary | Principal activity | Ownership | Holding |
Axon Moore Group Limited |
Intermediate holding company |
100% |
Direct |
Axon Moore Limited | Provision of recruitment services | 100% | Indirect |
Watson Moore Limited | Dormant company | 100% | Indirect |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 8,571 | 8,571 |
Non-Redeemable Preference | £1 | - | 1,813,409 |
8,571 | 1,821,980 |
During the year 1,813,409 Non-Redeemable Preference shares were purchased by the company and subsequently cancelled. |
AXON MOORE HOLDINGS LIMITED (REGISTERED NUMBER: 13207238) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
8. | RESERVES |
Capital |
Retained | redemption | Other |
earnings | reserve | reserves | Totals |
£ | £ | £ | £ |
At 1 January 2023 | 447,035 | - | 15,133 | 462,168 |
Profit for the year | 1,672,384 | - | - | 1,672,384 |
Purchase of own shares | (1,813,409 | ) | 1,813,409 | - | - |
Share options granted | - | - | 15,700 | 15,700 |
At 31 December 2023 | 306,010 | 1,813,409 | 30,833 | 2,150,252 |
Other reserves relate to share options granted. |
The capital redemption reserve represents the share capital purchased by the company. |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | ULTIMATE CONTROLLING PARTY |
11. | SHARE-BASED PAYMENT TRANSACTIONS |
In accordance with the terms and conditions of the Axon Moore Holdings Limited EMI Share Option Plan, options to purchase Ordinary shares of £1 were granted as follows: 454 on 5 August 2021, 100 on 15 August 2022, 100 on 9 December 2022 and 88 on 21 April 2023. These shares can be exercised up to 10 years from granting date. |
The fair value of the share options are being expensed over a three year period which is the estimated vesting period. |