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REGISTERED NUMBER: 14386468 (England and Wales)








Financial Statements

for the Period

29 September 2022 to 31 December 2023

for

House of Mouawad Limited

House of Mouawad Limited (Registered number: 14386468)

Contents of the Financial Statements
for the Period 29 September 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


House of Mouawad Limited

Company Information
for the Period 29 September 2022 to 31 December 2023







DIRECTORS: F Mouawad
A Mouawad
A R F Mouawad





SECRETARY: Foot Anstey Secretarial Limited





REGISTERED OFFICE: The Peninsula
Unit 3
1 Grosvenor Place
London
SW1X 7HJ





REGISTERED NUMBER: 14386468 (England and Wales)





AUDITORS: Clay GBP Audit Limited
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

House of Mouawad Limited (Registered number: 14386468)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,735,443

CURRENT ASSETS
Debtors 5 130,642
Cash at bank and in hand 405,408
536,050
CREDITORS
Amounts falling due within one year 6 3,004,997
NET CURRENT LIABILITIES (2,468,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES (733,504 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (733,604 )
SHAREHOLDERS' FUNDS (733,504 )

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 21 January 2025 and were signed on its behalf by:





A R F Mouawad - Director


House of Mouawad Limited (Registered number: 14386468)

Notes to the Financial Statements
for the Period 29 September 2022 to 31 December 2023


1. STATUTORY INFORMATION

House of Mouawad Limited 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.

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.

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

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements-5 Years Straight Line Basis
Furniture & Fixtures-5 Years Straight Line Basis
Office Equipment-3 Years Straight Line Basis
Computer Equipment -3 Years Straight Line Basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

House of Mouawad Limited (Registered number: 14386468)

Notes to the Financial Statements - continued
for the Period 29 September 2022 to 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for 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 receivable.

Trade creditors
Trade creditors 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 amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

House of Mouawad Limited (Registered number: 14386468)

Notes to the Financial Statements - continued
for the Period 29 September 2022 to 31 December 2023


2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of twelve months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,848,546
At 31 December 2023 1,848,546
DEPRECIATION
Charge for period 113,103
At 31 December 2023 113,103
NET BOOK VALUE
At 31 December 2023 1,735,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 130,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 55,117
Amounts owed to group undertakings 2,837,453
Other creditors 112,427
3,004,997

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 300,000
Between one and five years 1,200,000
In more than five years 500,000
2,000,000

House of Mouawad Limited (Registered number: 14386468)

Notes to the Financial Statements - continued
for the Period 29 September 2022 to 31 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rob Kempson ACA (Senior Statutory Auditor)
for and on behalf of Clay GBP Audit Limited

10. GOING CONCERN

The company is reliant on the continued support of Mouawad MENA DMCC, its ultimate parent company. The directors have received a written commitment of support from Mouawad MENA DMCC that it will continue to provide financial support to the company to enable it to meet in full its financial obligations as and when they fall due to enable the company to carry on its operations for a period of at least 12 months from the date of approval of these financial statements.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred within FRS102 section 33.1A not to disclose transactions between wholly owned members of the same group.

12. PARENT COMPANY

The company's immediate and ultimate parent company is Mouawad MENA DMCC, a company incorporated in Dubai, United Arab Emirates.