Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false12023-06-01The principal activity of the company continued to be that of personal trading for the recording artist Arlo Parks1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12013311 2023-06-01 2023-12-31 12013311 2022-06-01 2023-05-31 12013311 2023-12-31 12013311 2023-05-31 12013311 c:Director1 2023-06-01 2023-12-31 12013311 d:OfficeEquipment 2023-06-01 2023-12-31 12013311 d:OfficeEquipment 2023-12-31 12013311 d:OfficeEquipment 2023-05-31 12013311 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 12013311 d:CurrentFinancialInstruments 2023-12-31 12013311 d:CurrentFinancialInstruments 2023-05-31 12013311 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12013311 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12013311 d:ShareCapital 2023-12-31 12013311 d:ShareCapital 2023-05-31 12013311 d:RetainedEarningsAccumulatedLosses 2023-12-31 12013311 d:RetainedEarningsAccumulatedLosses 2023-05-31 12013311 c:OrdinaryShareClass1 2023-06-01 2023-12-31 12013311 c:OrdinaryShareClass1 2023-12-31 12013311 c:OrdinaryShareClass1 2023-05-31 12013311 c:FRS102 2023-06-01 2023-12-31 12013311 c:AuditExempt-NoAccountantsReport 2023-06-01 2023-12-31 12013311 c:FullAccounts 2023-06-01 2023-12-31 12013311 c:PrivateLimitedCompanyLtd 2023-06-01 2023-12-31 12013311 2 2023-06-01 2023-12-31 12013311 e:PoundSterling 2023-06-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12013311














MOLOCH LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
MOLOCH LTD
REGISTERED NUMBER:12013311

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 May
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,881
13,078

  
11,881
13,078

Current assets
  

Stocks
 5 
19,973
12,386

Debtors: amounts falling due within one year
 6 
618,299
171,164

Cash at bank and in hand
 7 
74,150
702,479

  
712,422
886,029

Creditors: amounts falling due within one year
 8 
(803,760)
(615,348)

Net current (liabilities)/assets
  
 
 
(91,338)
 
 
270,681

Total assets less current liabilities
  
(79,457)
283,759

  

Net (liabilities)/assets
  
(79,457)
283,759


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(79,458)
283,758

  
(79,457)
283,759


Page 1

 
MOLOCH LTD
REGISTERED NUMBER:12013311
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A O E Marinho
Director

Date: 31 December 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MOLOCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Moloch Ltd is a private company, limited by shares, registered in England and Wales, registration number 12013311. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company has shortened its accounting period from 31 May 2024 to 31 December 2023.
The principal activity of the company continued to be that of personal trading for the recording artist Arlo Parks

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relates to borrowings are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from recording, publishing and advances is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the period end date by the company.
Merchandise income is recognised when the significant risks and rewards of ownership have been
transferred to the buyer.
Recharged income is recognised when the corresponding expenses have been incurred on behalf
of other entities.
 

Page 3

 
MOLOCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stock of merchandise are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
MOLOCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.12

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including a director, during the period was 1 (2023 - 1).


4.


Tangible fixed assets







Office equipment

£



Cost


At 1 June 2023
20,232


Additions
831



At 31 December 2023

21,063



Depreciation


At 1 June 2023
7,154


Charge for the period
2,028



At 31 December 2023

9,182



Net book value



At 31 December 2023
11,881



At 31 May 2023
13,078

Page 5

 
MOLOCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Stocks

31 December
31 May
2023
2023
£
£

Goods for resale
19,973
12,386



6.


Debtors

31 December
31 May
2023
2023
£
£


Trade debtors
111,660
80,874

Amounts owed by connected entities
455,981
72,095

Other debtors
9,196
-

Prepayments and accrued income
41,462
18,195

618,299
171,164



7.


Cash

31 December
31 May
2023
2023
£
£

Cash at bank
74,150
702,479



8.


Creditors: amounts falling due within one year

31 December
31 May
2023
2023
£
£

Trade creditors
34,164
60,390

Corporation tax
-
79,795

Other taxation and social security
3,445
19,940

Other creditors
1,521
35,693

Accruals and deferred income
764,630
419,530

803,760
615,348


Page 6

 
MOLOCH LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Share capital

31 December
31 May
2023
2023
£
£
Allotted, called up and fully paid



1 (Year ended 31 May 2023 - 1) Ordinary share of £1.00
1
1


10.


Transactions with the director

During the period, the director advanced £NIL (year ended 31 May 2023 - £9,619). At the period end, the company owed £539 (year ended 31 May 2023 - £35,692) to the director. This loan is unsecured, interest free and repayable on demand.
 
During the period, dividends of £73,000 (year ended 31 May 2023 - £75,000) was paid to the director.
 
Page 7