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Company No: 11959061 (England and Wales)

MOORHAVEN HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

MOORHAVEN HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MOORHAVEN HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2025
MOORHAVEN HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 8,096 10,613
Investments 4 100,003 100,006
108,099 110,619
Current assets
Debtors 5 1,357,239 1,719,240
Cash at bank and in hand 16,596 74,430
1,373,835 1,793,670
Creditors: amounts falling due within one year 6 ( 987,249) ( 1,211,118)
Net current assets 386,586 582,552
Total assets less current liabilities 494,685 693,171
Creditors: amounts falling due after more than one year 7 ( 245,160) ( 250,731)
Provision for liabilities 0 ( 2,632)
Net assets 249,525 439,808
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 248,525 438,808
Total shareholders' funds 249,525 439,808

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

Directors' responsibilities:

The financial statements of Moorhaven Holdings Limited (registered number: 11959061) were approved and authorised for issue by the Board of Directors on 03 July 2025. They were signed on its behalf by:

Mr J Peacock
Director
MOORHAVEN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MOORHAVEN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Moorhaven Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Pottery, Moorhaven Village, Ivybridge, PL21 0HB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from the management charge income is recognised when the invoices are raised and issued to the subsidiaries.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 3

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2024 10,179 174 2,379 12,732
Additions 797 0 0 797
At 31 March 2025 10,976 174 2,379 13,529
Accumulated depreciation
At 01 April 2024 1,066 116 937 2,119
Charge for the financial year 2,675 44 595 3,314
At 31 March 2025 3,741 160 1,532 5,433
Net book value
At 31 March 2025 7,235 14 847 8,096
At 31 March 2024 9,113 58 1,442 10,613

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 100,006
Disposals ( 3)
At 31 March 2025 100,003
Carrying value at 31 March 2025 100,003
Carrying value at 31 March 2024 100,006

5. Debtors

2025 2024
£ £
Amounts owed by Group undertakings 1,287,199 1,632,207
Amounts owed by directors 26,473 50,876
Prepayments 328 2,251
Deferred tax asset 40,516 0
VAT recoverable 2,208 0
Other debtors 515 33,906
1,357,239 1,719,240

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 5,556 5,544
Trade creditors 105 2,393
Amounts owed to Group undertakings 140,797 107,898
Other taxation and social security 0 58,583
Other creditors 840,791 1,036,700
987,249 1,211,118

An amount of £400,184 included in other creditors is secured against the property Meade House. A director has also provided a personal guarantee against the capital sum of the loan.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 23,148 28,715
Other creditors 222,012 222,016
245,160 250,731

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2025 2024
£ £
Bank loans (repayable by instalments) 937 6,493

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
700 Ordinary shares of £ 1.00 each (2024: 850 shares of £ 1.00 each) 700 850
300 Ordinary A shares of £ 1.00 each (2024: 150 shares of £ 1.00 each) 300 150
1,000 1,000

9. Related party transactions

Transactions with the entity's directors

At the year end, a director was owed £138,411 (2023: £304,448) by the company. No interest has been charged on this balance and there is no set date for repayment.

At the year end, a director owed £26,473 (2024: £50,876) to the company. Interest has been charged at the HMRC approved rate where the balance exceeds £10,000, equating to £1,172 (2024: £1,060). The date for repayment is within 9 months of the year end.

Guarantees

A director has provided a personal guarantee against the capital sum a loan, of which the capital totals £400,184.

A loan to Moorhaven Holdings Limited for £400,184 has been secured against the property Meade House. This Property is owned by one of the director's of Moorhaven Holdings Limited.

As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s.1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.