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Registration number: 10418077

Mohara Ventures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Mohara Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Mohara Ventures Limited

Company Information

Directors

Mr Benjamin Blomerley

Mr Robert Cubbage

Mr Richard Sams

Registered office

28 Chichester Drive West
Saltdean
Brighton
East Sussex
BN2 8SH

Accountants

Blackman Terry Accountants Ltd
Chartered Certified AccountantBolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

Mohara Ventures Limited

(Registration number: 10418077)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

1,084

1,084

Current assets

 

Debtors

5

166,985

187,080

Cash at bank and in hand

 

110

38

 

167,095

187,118

Creditors: Amounts falling due within one year

6

(71,781)

(79,282)

Net current assets

 

95,314

107,836

Total assets less current liabilities

 

96,398

108,920

Creditors: Amounts falling due after more than one year

6

-

(5,522)

Net assets

 

96,398

103,398

Capital and reserves

 

Called up share capital

7

118

118

Share premium reserve

103,190

103,190

Retained earnings

(6,910)

90

Shareholders' funds

 

96,398

103,398

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

 

Mohara Ventures Limited

(Registration number: 10418077)
Balance Sheet as at 31 January 2025

.........................................
Mr Benjamin Blomerley
Director

 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Chichester Drive West
Saltdean
Brighton
East Sussex
BN2 8SH

These financial statements were authorised for issue by the Board on 25 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Investments

2025
£

2024
£

Investments in subsidiaries

1,084

1,084

Subsidiaries

£

Cost or valuation

At 1 February 2024

1,084

Provision

Carrying amount

At 31 January 2025

1,084

At 31 January 2024

1,084

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2025

2024

Subsidiary undertakings

Hearthstone Advisers Ltd

16A Waveney Avenue
London
SE15 3UE

Ordinary

100%

100%

 

United Kingdom

     

Say Digital Ltd

Bolney Place,
Cowfold Road,
Bolney,
Haywards Heath,
West Sussex,
RH17 5QT

Ordinary

100%

100%

 

United Kingdom

     
 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Subsidiary undertakings

Hearthstone Advisers Ltd

The principal activity of Hearthstone Advisers Ltd is Financial Management.

Say Digital Ltd

The principal activity of Say Digital Ltd is Software design and development.

5

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

9

112,747

138,204

Other debtors

 

54,238

48,876

   

166,985

187,080

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

67,127

63,988

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

2,899

4,659

Taxation and social security

 

1,755

10,635

 

71,781

79,282

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

5,522

 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £0.01 each

843

8

843

8

Ordinary B of £0.01 each

3,747

37

3,747

37

Ordinary C of £0.01 each

3,747

37

3,747

37

Ordinary D of £0.01 each

188

2

188

2

Ordinary E of £0.01 each

100

1

100

1

Ordinary F of £0.01 each

375

4

375

4

Ordinary G of £0.01 each

1,000

10

1,000

10

Ordinary H of £0.01 each

1,294

13

1,294

13

Ordinary I of £0.01 each

471

5

471

5

11,765

118

11,765

118

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

5,522

Current loans and borrowings

2025
£

2024
£

Bank borrowings

7,106

11,467

Other borrowings

60,021

52,521

67,127

63,988

9

Related party transactions

The company has utilised the related party disclosure exemption available for The Mohara Group of companies.

 

Mohara Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Transactions with directors

2025

At 1 February 2024
£

Advances to director
£

At 31 January 2025
£

Amounts owed from (to)

25,510

5,200

30,710

 

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Amounts owed from (to)

9,910

15,600

25,510