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Registration number: 10084924

Holding Moquet UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 August 2024

 

Holding Moquet UK Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Holding Moquet UK Limited

(Registration number: 10084924)
Balance Sheet as at 30 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

93,571

120,734

Investments

5

316,250

316,250

 

409,821

436,984

Current assets

 

Stocks

6

9,979

-

Debtors

7

48,292

165,156

Cash at bank and in hand

 

73,773

37,406

 

132,044

202,562

Creditors: Amounts falling due within one year

8

(482,979)

(599,887)

Net current liabilities

 

(350,935)

(397,325)

Total assets less current liabilities

 

58,886

39,659

Provisions for liabilities

(22,731)

(30,184)

Net assets

 

36,155

9,475

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

26,155

(525)

Shareholders' funds

 

36,155

9,475

For the financial year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Holding Moquet UK Limited

(Registration number: 10084924)
Balance Sheet as at 30 August 2024

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
C Moquet
Director

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cutbush Commercial
Cutbush Lane East
Shinfield
Reading
Berkshire
RG2 9AF

These financial statements were authorised for issue by the Board on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section
398 of the Companies Act 2006 and has not prepared group accounts
.

Going concern

The financial statements have been prepared on a going concern basis. The company is dependent on the continued support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

Tax

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported
in the statement of comprehensive income because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company's liability for current
tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting
period.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

20% straight line

Office equipment

20% straight line

Investments

Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary undertakings are initially recognised at cost. At each balance sheet date, the
company reviews the investments in subsidiary undertakings for any indication of impairment. If any such
identification exists, the recoverable amount is estimated to determine the extent of the impairment loss, if
any.

If the recoverable amount is estimated to be less than the carrying amount, the carrying amount of the
investment is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments


Financial assets and liabilities are recognised when the company becomes party to the contractual provisions
of the financial instrument. The company holds basic financial instruments, which comprise cash at bank and in
hand, trade and other debtors, borrowings, and trade and other creditors. The company has chosen to apply
the measurement and recognition provisions of Section 11 Basic Financial Instruments

 

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 August 2023

575

121,455

38,709

160,739

Additions

-

-

3,231

3,231

At 30 August 2024

575

121,455

41,940

163,970

Depreciation

At 31 August 2023

77

31,524

8,404

40,005

Charge for the year

115

22,483

7,796

30,394

At 30 August 2024

192

54,007

16,200

70,399

Carrying amount

At 30 August 2024

383

67,448

25,740

93,571

At 30 August 2023

498

89,931

30,305

120,734

5

Investments

2024
£

2023
£

Investments in subsidiaries

316,250

316,250

Subsidiaries

£

Cost or valuation

At 31 August 2023

326,250

Provision

At 31 August 2023

10,000

Carrying amount

At 30 August 2024

316,250

At 30 August 2023

316,250

6

Stocks

2024
£

2023
£

Other inventories

9,979

-

 

Holding Moquet UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

17,852

-

Other debtors

30,440

165,156

 

48,292

165,156

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

100,624

-

Trade creditors

 

3,748

16,690

Amounts owed to group undertakings and undertakings in which the company has a participating interest

373,026

581,342

Taxation and social security

 

4,216

-

Accruals and deferred income

 

1,365

1,855

 

482,979

599,887

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

100,624

-

10

Parent and ultimate parent undertaking

The company's immediate parent is Sarl Raz Moquette, incorporated in France.

  These financial statements are available upon request from La Couture, 53100 Parigné-sur-Braye