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Moggers Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 October 2024

Registration number: 11327509

 

Moggers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Moggers Limited

Balance Sheet

31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,521,011

2,471,588

Other financial assets

5

501,198

827,430

 

3,022,209

3,299,018

Current assets

 

Debtors

6

3,578

1,207

Cash at bank and in hand

 

1,393,811

1,019,189

 

1,397,389

1,020,396

Creditors: Amounts falling due within one year

7

(19,976)

(7,226)

Net current assets

 

1,377,413

1,013,170

Net assets

 

4,399,622

4,312,188

Capital and reserves

 

Called up share capital

8

1,100

1,100

Share premium reserve

3,825,274

3,825,274

Profit and loss account

573,248

485,814

Shareholders' funds

 

4,399,622

4,312,188

 

Moggers Limited

Balance Sheet

31 October 2024

For the financial year ending 31 October 2024 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr J A G Hartshorne
Director

Company Registration Number: 11327509

 

Moggers Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2024

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:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

These financial statements were authorised for issue by the Board on 24 June 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.

Statement of compliance

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 Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention. The functional currency of Moggers Limited is considered to be pounds sterling because this is the currency of the primary economic environment in which the company operates.

Revenue recognition

Turnover is the total amount of rent receivable by the company on properties let during the period and consultancy fees earned. Rental income is recognised evenly over the rental period and consultancy fees recognised in the period to which they relate.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Freehold property

2% straight line

 

Moggers Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable property determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

 

Moggers Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2024

4

Investment properties

2024
£

At 1 November

2,471,588

Additions

49,423

At 31 October

2,521,011

 

Moggers Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2024

5

Other financial assets

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

827,430

827,430

Disposals

(326,232)

(326,232)

At 31 October 2024

501,198

501,198

Carrying amount

At 31 October 2024

501,198

501,198

At 31 October 2023

827,430

827,430

6

Debtors

2024
£

2023
£

Trade debtors

750

126

Other debtors

817

817

Prepayments

2,011

264

3,578

1,207

 

Moggers Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2024

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

339

4,225

Taxation and social security

14,891

-

Accruals and deferred income

4,746

3,001

19,976

7,226

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,094

1,094

1,094

1,094

Ordinary A shares of £1 each

6

6

6

6

1,100

1,100

1,100

1,100

During the year 6 Ordinary shares were reclassified as "A" Ordinary shares of £1 each.