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REGISTERED NUMBER: 10510854 (England and Wales)









Audited Financial Statements

for the Year Ended 31 March 2024

for

Mova Holdings Limited

Mova Holdings Limited (Registered number: 10510854)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mova Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Brimacombe
E Day
C W Morris
S C Webb





REGISTERED OFFICE: Pippbrook
Dorking
Surrey
RH4 1SJ





REGISTERED NUMBER: 10510854 (England and Wales)





AUDITORS: Bullimores LLP
Chartered Accountants
& Registered Auditor
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Mova Holdings Limited (Registered number: 10510854)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 16,322,074 16,322,074

CURRENT ASSETS
Debtors 5 582 540
Cash at bank 9,227 2,214
9,809 2,754
CREDITORS
Amounts falling due within one year 6 3,081 2,936
NET CURRENT ASSETS/(LIABILITIES) 6,728 (182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,328,802

16,321,892

CAPITAL AND RESERVES
Called up share capital 16,322,074 16,322,074
Retained earnings 6,728 (182 )
SHAREHOLDERS' FUNDS 16,328,802 16,321,892

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 18 September 2024 and were signed on its behalf by:





C W Morris - Director


Mova Holdings Limited (Registered number: 10510854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard):

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates . It also requires management to exercise judgement in applying the company's accounting policies. They have not been any estimations uncertainties in the application of the accounting policies. No significant judgements were required in the preparation of the accounts and in the application of the company's accounting policies.

The company is a parent undertaking of a small group and, as such, is not required by the Companies Act 2006 to prepare Group accounts. Therefore, these financial statements present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

Current and deferred taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted .

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 reporting date in the countries where the company operates and generates income.

Deferred tax is recognised in respect of all timing differences that have been originated but not reversed at the balance sheet 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 period end and that are expected to apply to the reversal at the timing difference.

Going concern
The accounts have been prepared on a going concern basis as the directors have a reasonable expectation that the companies will continue in operational existence for the foreseeable future.

Mova Holdings Limited (Registered number: 10510854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Valuation of investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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 no significant risks of change in value.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. AUDITORS' REMUNERATION

Auditors' remuneration 2024 2023
£    £   
Fees payable to the company's auditor and its associates for the audit of the
company's annual accounts

2,270

2,160
Fees payable to the company's auditor and its associates for the other services 785 750
3,055 2,910

Mova Holdings Limited (Registered number: 10510854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 16,322,074
NET BOOK VALUE
At 31 March 2024 16,322,074
At 31 March 2023 16,322,074

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mova Property Limited
Registered office: United Kingdom
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 582 540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 3,081 2,936

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

The Report of the Auditors was unqualified.

Nicholas Boot FCA (Senior Statutory Auditor)
for and on behalf of Bullimores LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption conferred by FRS 102 s.33.1A not to disclose transactions with other wholly owned members of the group.

9. CONTROLLING PARTY

The company is a wholly owned subsidiary of Mole Valley District Council, which is the ultimate parent company incorporated in the UK. The registered office of Mole Valley District Council is Pippbrook, Dorking, Surrey, United Kingdom, RH4 1SJ.

Mova Holdings Limited (Registered number: 10510854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. OTHER INFORMATION

Mova Holdings Limited is a private company limited by shares and incorporated in England, registration number 10510854. Its registered office is:

C/O Mole Valley District Council
Pippbrook
Dorking
Surrey
RH4 1SJ

11. SHARE CAPITAL


Nominal
Value

2024 Number

2024 (£

)

2023 (£

)
Alloted, Called up and fully paid: Ordinary
Shares

£1 each

16,322,074

16,322,074

16,332,074