Registered number
13180076
Movolytics Group Holdings Limited
Filleted Accounts
31 December 2024
Movolytics Group Holdings Limited
Registered number: 13180076
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 5 2,670,629 2,670,629
Current assets
Debtors 6 100 100
Creditors: amounts falling due within one year 7 (1,489,312) (1,497,047)
Net current liabilities (1,489,212) (1,496,947)
Net assets 1,181,417 1,173,682
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,181,317 1,173,582
Shareholders' funds 1,181,417 1,173,682
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Moe
Director
Approved by the board on 8 April 2025
Movolytics Group Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Martin Leafe
Firm: Couchman and Leafe Ltd
Date of audit report: 16 April 2025
3 Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:
Impairment of investments
The value of the investment held in a subsidiary is reviewed for impairment annually. The directors use their business knowledge and the future prospects of the subsidiary in the assessment. The carrying amount is £2,670,629 (20232: £2,670,629)
4 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
5 Investments Shares in
subsidiaries
£
Cost
At 1 January 2024 2,670,629
At 31 December 2024 2,670,629
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 2,670,629
At 31 December 2023 2,670,629
6 Debtors 2024 2023
£ £
Other debtors 100 100
7 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,489,312 1,134,792
Taxation and social security costs - 362,255
1,489,312 1,497,047
8 Subsidiaries
Details of the company's subsidiaries at 31 December 2023 are as follows:
Class of % Held
Name of undertaking Registered office shares held Direct Indirect
Movolytics Holdings Ltd England and Wales Ordinary 100 -
Movolytics Ltd England and Wales Ordinary - 100
Movolytics Spain S. L. Spain Ordinary - 100
9 Called up share capital
2023 2022 2023 2022
Number Number £ £
Ordinary share capital
Issued and fully paid
Ordinary share of 1p each 100,000 100,000 100 100
10 Controlling party
The immediate parent undertaking is Abax UK Limited, a company incorporated in England.

The ultimate parent undertaking and controlling party is Apollo Limited, a company incorporated in the Cayman Islands. It is considered that no individual party has control of Apollo Limited.
11 Other information
Movolytics Group Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Abax Allia Business Centre
London Road
Peterborough
PE2 8AN
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