REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30 JUNE 2024 |
FOR |
MOHC LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
30 JUNE 2024 |
FOR |
MOHC LTD |
MOHC LTD (REGISTERED NUMBER: 04174813) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MOHC LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Elson Geaves |
Forest Links Road |
Ferndown |
Dorset |
BH22 9PH |
MOHC LTD (REGISTERED NUMBER: 04174813) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
MOHC LTD (REGISTERED NUMBER: 04174813) |
BALANCE SHEET - continued |
30 JUNE 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MOHC LTD (REGISTERED NUMBER: 04174813) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
MOHC Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about MOHC Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Employee ownership trust |
The company established OHC (EOT) Ltd on 17 October 2022 to enable shares in the company to be held by the trustees for the benefit of the company's employees. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MOHC LTD (REGISTERED NUMBER: 04174813) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
£ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Directors' current accounts | 54 | 54 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 166,902 | 158,906 |
Credit cards | 4,568 | 1,561 |
Directors' current accounts | 41 | 42 |
Accrued expenses |
MOHC LTD (REGISTERED NUMBER: 04174813) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2023 |
Profit for the year |
Contribution to the EOT | (779,000 | ) |
At 30 June 2024 |
8. | CONTINGENT LIABILITIES |
A charge has been raised over the company's assets providing a guarantee for the payment of £3,800,000 to Mr & Mrs M F Olive and Mr & Mrs R A P Barton following the sale of their 100% ownership in the company on 15 December 2022. At the year end on 30 June 2024 the liability to Mr & Mrs M F Olive and Mr & Mrs R A P Barton was £1,801,000. (2023: £2,580,000) |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is OHC (EOT) Ltd as corporate trustee for MOHC Employee Owned Trust. |
The ultimate controlling party is |