Caseware UK (AP4) 2023.0.135 2023.0.135 2trueNo description of principal activity2023-04-01false2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04801641 2023-04-01 2024-03-31 04801641 2022-04-01 2023-03-31 04801641 2024-03-31 04801641 2023-03-31 04801641 c:Director2 2023-04-01 2024-03-31 04801641 d:Buildings 2023-04-01 2024-03-31 04801641 d:Buildings 2024-03-31 04801641 d:Buildings 2023-03-31 04801641 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04801641 d:CurrentFinancialInstruments 2024-03-31 04801641 d:CurrentFinancialInstruments 2023-03-31 04801641 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04801641 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04801641 d:ShareCapital 2024-03-31 04801641 d:ShareCapital 2023-03-31 04801641 d:RetainedEarningsAccumulatedLosses 2024-03-31 04801641 d:RetainedEarningsAccumulatedLosses 2023-03-31 04801641 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04801641 c:OrdinaryShareClass1 2024-03-31 04801641 c:OrdinaryShareClass1 2023-03-31 04801641 c:FRS102 2023-04-01 2024-03-31 04801641 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04801641 c:FullAccounts 2023-04-01 2024-03-31 04801641 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04801641 2 2023-04-01 2024-03-31 04801641 6 2023-04-01 2024-03-31 04801641 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04801641










M & O Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
M & O Holdings Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of M & O Holdings Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & O Holdings Limited for the year ended 31 March 2024 which comprise the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of M & O Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 28 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of M & O Holdings Limited  and state those matters that we have agreed to state to the Board of directors of M & O Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & O Holdings Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that M & O Holdings 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 M & O Holdings Limited. You consider that M & O Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of M & O Holdings 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
19 September 2024
Page 1

 
M & O Holdings Limited
Registered number: 04801641

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
455,317
460,613

Investments
 5 
16,100
16,100

  
471,417
476,713

Current assets
  

Debtors: amounts falling due within one year
 6 
2,149,166
1,381,483

Cash at bank and in hand
  
756,919
2,257,001

  
2,906,085
3,638,484

Creditors: amounts falling due within one year
 7 
(30,766)
(12,405)

Net current assets
  
 
 
2,875,319
 
 
3,626,079

Total assets less current liabilities
  
3,346,736
4,102,792

  

Net assets
  
3,346,736
4,102,792


Capital and reserves
  

Called up share capital 
 8 
16,100
16,100

Profit and loss account
  
3,330,636
4,086,692

  
3,346,736
4,102,792


Page 2

 
M & O Holdings Limited
Registered number: 04801641

Balance sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
W A Oddy
Director
Date: 18 September 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
M & O Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

M & O Holdings Limited is a private company limited by shares and incorporated in England and Wales.
The registered office is:
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
M & O Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
M & O Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees (including directors)
2
2


4.


Tangible fixed assets





Freehold property

£



Cost


At 1 April 2023
529,599



At 31 March 2024

529,599



Depreciation


At 1 April 2023
68,986


Charge for the year on owned assets
5,296



At 31 March 2024

74,282



Net book value



At 31 March 2024
455,317



At 31 March 2023
460,613

Page 6

 
M & O Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
16,100



At 31 March 2024
16,100





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,149,166
1,381,483

2,149,166
1,381,483



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
11,025
605

Other creditors
10,000
10,000

Accruals and deferred income
9,741
1,800

30,766
12,405



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



16,100 (2023 - 16,100) Ordinary shares of £1 each
16,100
16,100


Page 7

 
M & O Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

9.


Related party transactions

The Drinks Company Limited
(Subsidiary)
During the year the company continued to provide a loan to The Drinks Company Limited.  During the year dividends totalling £2,177,731 (2023: £1,796,652) were received from The Drinks Company Limited.  At the balance sheet date the amount due from The Drinks Company Limited was £2,149,166 (2023: £1,381,483).

Page 8