IRIS Accounts Production v24.3.0.553 12004132 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120041322023-05-31120041322024-05-31120041322023-06-012024-05-31120041322022-05-31120041322022-06-012023-05-31120041322023-05-3112004132ns15:EnglandWales2023-06-012024-05-3112004132ns14:PoundSterling2023-06-012024-05-3112004132ns10:Director12023-06-012024-05-3112004132ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112004132ns10:SmallEntities2023-06-012024-05-3112004132ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112004132ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112004132ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112004132ns10:FullAccounts2023-06-012024-05-3112004132ns10:Director22023-06-012024-05-3112004132ns10:RegisteredOffice2023-06-012024-05-3112004132ns5:CurrentFinancialInstruments2024-05-3112004132ns5:CurrentFinancialInstruments2023-05-3112004132ns5:ShareCapital2024-05-3112004132ns5:ShareCapital2023-05-3112004132ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3112004132ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3112004132ns5:RetainedEarningsAccumulatedLosses2024-05-3112004132ns5:RetainedEarningsAccumulatedLosses2023-05-3112004132ns5:MotorVehicles2023-06-012024-05-3112004132ns5:ComputerEquipment2023-06-012024-05-3112004132ns5:MotorVehicles2023-05-3112004132ns5:ComputerEquipment2023-05-3112004132ns5:MotorVehicles2024-05-3112004132ns5:ComputerEquipment2024-05-3112004132ns5:MotorVehicles2023-05-3112004132ns5:ComputerEquipment2023-05-3112004132ns5:CostValuation2023-05-3112004132ns5:AdditionsToInvestments2024-05-3112004132ns5:DisposalsRepaymentsInvestments2024-05-3112004132ns5:ForeignExchangeDifferencesIncreaseDecreaseInInvestments2024-05-3112004132ns5:CostValuation2024-05-3112004132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3112004132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3112004132ns5:RetainedEarningsAccumulatedLosses2023-05-3112004132ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3112004132ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 12004132 (England and Wales)











MOKD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






MOKD LTD (REGISTERED NUMBER: 12004132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MOKD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr D J Luxton
Mrs K E Luxton



REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE



REGISTERED NUMBER: 12004132 (England and Wales)



ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE



BANKERS: Santander

MOKD LTD (REGISTERED NUMBER: 12004132)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,087 107,580
Investments 5 7,995,599 5,951,125
Investment property 6 1,800,000 1,891,696
9,875,686 7,950,401

CURRENT ASSETS
Debtors 7 11,278 8,275
Cash at bank 150,422 1,347,872
161,700 1,356,147
CREDITORS
Amounts falling due within one year 8 8,532,791 8,283,429
NET CURRENT LIABILITIES (8,371,091 ) (6,927,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,504,595

1,023,119

PROVISIONS FOR LIABILITIES 385,499 208,608
NET ASSETS 1,119,096 814,511

CAPITAL AND RESERVES
Called up share capital 16 16
Fair value reserve 9 - 545,139
Retained earnings 9 1,119,080 269,356
SHAREHOLDERS' FUNDS 1,119,096 814,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOKD LTD (REGISTERED NUMBER: 12004132)

BALANCE SHEET - continued
31ST MAY 2024


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 9th October 2024 and were signed on its behalf by:





Mrs K E Luxton - Director


MOKD LTD (REGISTERED NUMBER: 12004132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

MOKD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent open-market valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 or 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MOKD LTD (REGISTERED NUMBER: 12004132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 149,707 4,798 154,505
DEPRECIATION
At 1st June 2023 44,538 2,387 46,925
Charge for year 26,293 1,200 27,493
At 31st May 2024 70,831 3,587 74,418
NET BOOK VALUE
At 31st May 2024 78,876 1,211 80,087
At 31st May 2023 105,169 2,411 107,580

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
At 1st June 2023 5,951,125
Additions 3,414,332
Disposals (2,160,572 )
Movement in fair value 790,714
At 31st May 2024 7,995,599
NET BOOK VALUE
At 31st May 2024 7,995,599
At 31st May 2023 5,951,125

The cost noted above reflects the market value of listed investments at the balance sheet date. The historical cost of these investments is £6,421,418 (2023: £5,224,273).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 1,891,696
Additions 20,576
Impairments (112,272 )
At 31st May 2024 1,800,000
NET BOOK VALUE
At 31st May 2024 1,800,000
At 31st May 2023 1,891,696

MOKD LTD (REGISTERED NUMBER: 12004132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,278 8,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,324
Taxation and social security 410 21,129
Other creditors 8,532,381 8,260,976
8,532,791 8,283,429

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st June 2023 269,356 545,139 814,495
Profit for the year 313,835 313,835
Dividends (9,250 ) (9,250 )
Transfer between reserves 545,139 (545,139 ) -
At 31st May 2024 1,119,080 - 1,119,080