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REGISTERED NUMBER: 09510842 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AXON MOORE GROUP LTD

AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)






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 GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: D I Moore



SECRETARY: Mrs J Moore



REGISTERED OFFICE: Suite 1.1
Canada House
3 Chepstow Street
Manchester
M1 5FW



REGISTERED NUMBER: 09510842 (England and Wales)



AUDITORS: Fairhurst
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Lloyds Bank Plc
42-46 Market Street
Manchester
M1 1PB



SOLICITORS: Hill Dickinson LLP
50 Fountain Street
Manchester
M2 2AS

AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,659,865 4,665,126

CURRENT ASSETS
Debtors 5 1,174,864 16,339

CREDITORS
Amounts falling due within one year 6 2,907,686 1,743,957
NET CURRENT LIABILITIES (1,732,822 ) (1,727,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,927,043

2,937,508

PROVISIONS FOR LIABILITIES 7 80,485 81,800
NET ASSETS 2,846,558 2,855,708

CAPITAL AND RESERVES
Called up share capital 8 8,008 8,008
Merger reserve 9 2,369,887 2,369,887
Capital redemption reserve 9 2,300 2,300
Other reserves 9 61,032 64,978
Share premium 9 9,472 9,472
Retained earnings 9 395,859 401,063
SHAREHOLDERS' FUNDS 2,846,558 2,855,708

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 director and authorised for issue on 25 September 2024 and were signed by:





D I Moore - Director


AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Axon Moore Group Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Axon Moore Group Ltd 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.
Trade, other debtors and director's loans are initially recognised at the transaction price 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.

Short term financial liabilities, including trade and other creditors, any overdrafts and related party loans, 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, those payable after one year should be measured at amortised cost, using the effective interest rate method.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Investments in subsidiaries are initially measured at cost. After initial recognition, fixed asset investments are measured at cost less any accumulated impairment losses.

Other investments
Other investments are initially stated at cost and subsequently remeasured at fair value each period end, with any gains/losses arising being recognised in the profit and loss account. .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 4,396,893 268,233 4,665,126
Revaluation - (5,261 ) (5,261 )
At 31 December 2023 4,396,893 262,972 4,659,865
NET BOOK VALUE
At 31 December 2023 4,396,893 262,972 4,659,865
At 31 December 2022 4,396,893 268,233 4,665,126

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 - 86,638 86,638
Cost 4,396,893 176,334 4,573,227
4,396,893 262,972 4,659,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,158,525 -
Other debtors 16,339 16,339
1,174,864 16,339

AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 2,905,940 1,742,211
Accruals and deferred income 1,746 1,746
2,907,686 1,743,957

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Capital gains 20,345 21,660
Other provisions 60,140 60,140
80,485 81,800

Deferred Other
tax provisions
£    £   
Balance at 1 January 2023 21,660 60,140
Credited during year (1,315 ) -
Balance at 31 December 2023 20,345 60,140

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80,080 Ordinary £0.10 8,008 8,008

9. RESERVES
Capital
Retained Merger redemption
earnings reserve reserve
£    £    £   

At 1 January 2023 401,063 2,369,887 2,300
Profit for the year 1,790,850 - -
Dividends (1,800,000 ) - -
Investment valuation transfer 3,946 - -
At 31 December 2023 395,859 2,369,887 2,300

AXON MOORE GROUP LTD (REGISTERED NUMBER: 09510842)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. RESERVES - continued
Other Share
reserves premium Totals
£    £    £   

At 1 January 2023 64,978 9,472 2,847,700
Profit for the year - - 1,790,850
Dividends - - (1,800,000 )
Investment valuation transfer (3,946 ) - -
At 31 December 2023 61,032 9,472 2,838,550

Retained earnings includes all current and prior retained period profits and losses.

Other reserves represent the revalued investment gains on the external investments.

The company has taken the exemption, under Section 612 of the Companies Act 2006, from having to recognise a share premium on the difference between the fair value of the shares issued and their nominal value. Accordingly, the value over and above the nominal value of the shares issued has been credited to a merger reserve.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John B S Fairhurst BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst

11. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company has total lease commitments at the year end of £281,155 (2022 - £346,176).

12. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Axon Moore Holdings Limited, a company incorporated in England and Wales. Financial statements of Axon Moore Holdings Limited are available at Suite 1.1, Canada House, Chepstow Street, M1 5FW.