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Company Registration No. 06452747 (England and Wales)
Mo Farah Unaudited accounts for the year ended 31 December 2023
Mo Farah Unaudited accounts Contents
Page
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Mo Farah Company Information for the year ended 31 December 2023
Director
Mohamed Mo Farah
Company Number
06452747 (England and Wales)
Registered Office
7 High Street Windsor Berkshire SL4 1LD England
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
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Mo Farah Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,773 
23,495 
Investment property
1,910,957 
1,910,957 
1,923,730 
1,934,452 
Current assets
Debtors
2,111,932 
1,585,500 
Cash at bank and in hand
255,826 
386,401 
2,367,758 
1,971,901 
Creditors: amounts falling due within one year
(389,925)
(268,811)
Net current assets
1,977,833 
1,703,090 
Net assets
3,901,563 
3,637,542 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,901,561 
3,637,540 
Shareholders' funds
3,901,563 
3,637,542 
For the year ending 31 December 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Mohamed Mo Farah Director Company Registration No. 06452747
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Mo Farah Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Mo Farah is a private company, limited by shares, registered in England and Wales, registration number 06452747. The registered office is 7 High Street, Windsor, Berkshire, SL4 1LD, England.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Investment property
Investment properties are included at historical cost value.
Taxation
Taxation for the year 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 taxation
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 year 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Mo Farah Notes to the Accounts for the year ended 31 December 2023
3
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
2,687 
56,051 
58,738 
Additions
1,282 
- 
1,282 
At 31 December 2023
3,969 
56,051 
60,020 
Depreciation
At 1 January 2023
1,611 
33,632 
35,243 
Charge for the year
794 
11,210 
12,004 
At 31 December 2023
2,405 
44,842 
47,247 
Net book value
At 31 December 2023
1,564 
11,209 
12,773 
At 31 December 2022
1,076 
22,419 
23,495 
4
Investment property
2023 
£ 
Fair value at 1 January 2023
1,910,957 
At 31 December 2023
1,910,957 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
599,625 
949,594 
Accrued income and prepayments
26,364 
84,569 
Other debtors
1,485,943 
551,337 
2,111,932 
1,585,500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
27,268 
21,730 
Taxes and social security
348,719 
214,831 
Other creditors
4,480 
14,315 
Accruals
9,458 
17,935 
389,925 
268,811 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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