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Registered number: 09227042
Mobius Industries (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
de Jong Phillips Ltd
Chartered Accountants
First Floor
85 Great Portland Street
London
W1W 7LT
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09227042
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 114,570 114,570
114,570 114,570
CURRENT ASSETS
Cash at bank and in hand 5 -
5 -
Creditors: Amounts Falling Due Within One Year 5 (114,442 ) (114,437 )
NET CURRENT ASSETS (LIABILITIES) (114,437 ) (114,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES 133 133
NET ASSETS 133 133
CAPITAL AND RESERVES
Called up share capital 6 133 133
SHAREHOLDERS' FUNDS 133 133
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Fitzmaurice
Director
6th November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mobius Industries (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09227042 . The registered office is The Lower Vestry St George's Bloomsbury, 6-7 Little Russell Street, Bloomsbury, London, WC1A 2HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The going concern basis remains appropriate as directors of Mobius Industries Limited have confirmed that they will provide ongoing financial support to the company. In the opinion of the directors Mobius Industries Limited will remain a going concern for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and recharging of expenses. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the date in which the service was supplied or the period to which an ecpense relates.
2.4. Financial Instruments
The company accounts for its financial transactions in accordance with Section 11 and Section 12 of FRS 102.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Short term debtors and 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.
2.5. Investments in Subsidiaries
Investments in subsidiaries are held at cost less accumulated impairment losses in the individual financial statements. Investments in subsidiaries are reviewed annually with impairment losses reported in the profit & loss.
Impairment losses may be reversed if indicators of impairment are no longer present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Investments
Unlisted
£
Cost
As at 1 April 2023 114,570
As at 31 March 2024 114,570
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 114,570
As at 1 April 2023 114,570
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 7
Amounts owed to group undertakings 114,442 114,430
114,442 114,437
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 133 133
7. Related Party Transactions
The company has taken advantage of the 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.
8. Controlling Party
The company's controlling party is Richard Fitzmaurice by virtue of his ownership of 87% of the issued share capital in the company.
Page 3