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Moxhull Limited
Financial Statements
For The Year Ended 30 June 2024
Financial Statements
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Moxhull Limited For The Year Ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moxhull Limited For The Year Ended 30 June 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Moxhull Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moxhull Limited and state those matters that we have agreed to state to the director of Moxhull Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moxhull Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Moxhull Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Moxhull Limited . You consider that Moxhull Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Moxhull Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
20 March 2025
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
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Statement of Financial Position
Registered number: 10699721
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,541,042 2,554,723
Investments 5 100 100
2,541,142 2,554,823
CURRENT ASSETS
Debtors 572,496 216,436
Cash at bank and in hand 381,383 351,439
953,879 567,875
Creditors: Amounts Falling Due Within One Year (163,510 ) (142,894 )
NET CURRENT ASSETS (LIABILITIES) 790,369 424,981
TOTAL ASSETS LESS CURRENT LIABILITIES 3,331,511 2,979,804
Creditors: Amounts Falling Due After More Than One Year (795,969 ) (651,827 )
PROVISIONS FOR LIABILITIES
Deferred taxation (363,558 ) (366,505 )
NET ASSETS 2,171,984 1,961,472
CAPITAL AND RESERVES
Called up share capital 6 200 200
Income Statement 2,171,784 1,961,272
SHAREHOLDERS' FUNDS 2,171,984 1,961,472
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Income Statement.
On behalf of the board
Mr Robert Johnston
Director
20 March 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Moxhull Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10699721 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Office equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are are measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was 1 (2023: 1)
1 1
4. Tangible assets
Investment properties Plant & machinery Motor vehicles Office equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 2,500,000 138,500 14,700 12,122 2,665,322
As at 30 June 2024 2,500,000 138,500 14,700 12,122 2,665,322
Depreciation
As at 1 July 2023 - 94,730 11,345 4,524 110,599
Provided during the period - 10,943 839 1,899 13,681
As at 30 June 2024 - 105,673 12,184 6,423 124,280
...CONTINUED
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Net Book Value
As at 30 June 2024 2,500,000 32,827 2,516 5,699 2,541,042
As at 1 July 2023 2,500,000 43,770 3,355 7,598 2,554,723
Included above are assets held under finance leases or hire purchase contracts with a net book value of £18,984 (2023: £25,312).
Cost or valuation as at 30 June 2024 represented by:
Investment properties Plant & machinery Motor vehicles Office equipment Total
£ £ £ £ £
At cost 1,454,232 138,500 14,700 12,122 1,619,554
At valuation 1,045,768 - - - 1,045,768
2,500,000 138,500 14,700 12,122 2,665,322
5. Investments
Unlisted
£
Cost
As at 1 July 2023 100
As at 30 June 2024 100
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 100
As at 1 July 2023 100
Fixed asset investments represent 100% of the share capital of IM Export Services Ltd, a company which R Johnson is also a director.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
7. Undistributable reserves
Shareholders' funds includes £1,090,674 (2023: £1,090,674) of undistributable reserves, as a result of the revaluation of investment properties. 
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