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Registration number: 02685288

Moon & Sixpence Limited

Annual Report and Unaudited Financial Statements

Pages for filing with the Registrar

for the Year Ended 31 December 2024

 

Moon & Sixpence Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 13

 

Moon & Sixpence Limited

Company Information

Directors

Mr P J Little

Mr J W Little

Company secretary

Mr J W Little

Registered office

Newbourne Road
Waldringfield
Woodbridge
Suffolk
IP12 4PP

Accountants

Oxlade & Bond Limited
Chartered Certified AccountantsUnit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Moon & Sixpence Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moon & Sixpence Limited for the year ended 31 December 2024 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Moon & Sixpence Limited, as a body, in accordance with the terms of our engagement letter dated 23 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of Moon & Sixpence Limited and state those matters that we have agreed to state to the Board of Directors of Moon & Sixpence Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moon & Sixpence Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Moon & Sixpence 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 of Moon & Sixpence Limited. You consider that Moon & Sixpence Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Moon & Sixpence 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 statutory accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

21 July 2025

 

Moon & Sixpence Limited

(Registration number: 02685288)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,998,292

1,968,724

Investment property

5

243,180

243,180

Other financial assets

6

402,095

402,095

 

2,643,567

2,613,999

Current assets

 

Stocks

7

626,160

708,677

Debtors

8

57,287

50,054

Cash at bank and in hand

 

865,422

1,223,861

 

1,548,869

1,982,592

Creditors: Amounts falling due within one year

9

(278,413)

(682,165)

Net current assets

 

1,270,456

1,300,427

Total assets less current liabilities

 

3,914,023

3,914,426

Provisions for liabilities (deferred taxation)

(86,035)

(69,625)

Net assets

 

3,827,988

3,844,801

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

3,826,988

3,843,801

Total equity

 

3,827,988

3,844,801

 

Moon & Sixpence Limited

(Registration number: 02685288)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 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 21 July 2025 and signed on its behalf by:
 

.........................................
Mr P J Little
Director

 

Moon & Sixpence Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Called up share capital
£

Profit and loss account
£

Total equity
£

At 1 January 2024

1,000

3,843,801

3,844,801

Profit for the year

-

268,187

268,187

Total comprehensive income

-

268,187

268,187

Dividends

-

(285,000)

(285,000)

At 31 December 2024

1,000

3,826,988

3,827,988

Called up share capital
£

Profit and loss account
£

Total equity
£

At 1 January 2023

1,000

3,243,859

3,244,859

Profit for the year

-

599,942

599,942

Total comprehensive income

-

599,942

599,942

At 31 December 2023

1,000

3,843,801

3,844,801

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Newbourne Road
Waldringfield
Woodbridge
Suffolk
IP12 4PP
United Kingdom

These financial statements were authorised for issue by the Board on 21 July 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.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents the value, net of value added tax and discounts, of sales of new and used caravans and related accessories and site licences and maintenance charges.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

write off costs over a 25 year period

Services and utilities

write off costs over a 25 year period

Equipment, plant and fixtures

15% on a reducing balance basis

Motor vehicles

25% on a reducing balance basis

Freehold land

no depreciation is provided

Investment property

Investment properties are properties held to earn rentals and/or capital appreciation.

Investment property is carried at fair value, derived from the current market prices for comparable real estate 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 under an investment property fair value reserve.

Any associated deferred tax movement is also recognised in this investment property fair value reserve.

The investment property fair value reserve forms part of the general reserve but any surpluses shown here are not distributable.

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

The fixed asset investments relate to an investment made by the company since the 2010 accounting year in a classic motor vehicle.

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.

Stocks

Stock relates to the value of holiday homes and other items held by the company and is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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.

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.

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Freehold land and buildings
£

Services & utilities
£

Motor vehicles
 £

Equipment, plant & fixtures
£

Total
£

Cost

At 1 January 2024

2,128,148

525,801

95,626

699,523

3,449,098

Additions

-

49,271

13,995

66,130

129,396

Disposals

-

-

(15,064)

(42,200)

(57,264)

At 31 December 2024

2,128,148

575,072

94,557

723,453

3,521,230

Depreciation

At 1 January 2024

439,133

370,404

87,185

583,652

1,480,374

Charge for the year

34,866

23,003

5,463

25,602

88,934

Eliminated on disposal

-

-

(14,481)

(31,889)

(46,370)

At 31 December 2024

473,999

393,407

78,167

577,365

1,522,938

Carrying amount

At 31 December 2024

1,654,149

181,665

16,390

146,088

1,998,292

At 31 December 2023

1,689,015

155,397

8,441

115,871

1,968,724

Included within the net book value of freehold land and buildings above is freehold land with a cost value of £1,256,519 (2023 £1,256,519) which is not depreciated.
 

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Investment properties

2024
£

At 1 January

243,180

At 31 December

243,180

The investment properties were valued at the 31st December 2024 by the directors and therefore the valuation is an internal one. The basis of the valuation was on an open market basis. The investment properties have a current value of £243,180 (2023 £243,180) and a carrying amount at historical cost of £243,180 (2023 £243,180).

There has been no valuation of investment property by an independent valuer.

6

Other financial assets (current and non-current)

Other investments
£

Total
£

Non-current financial assets

Cost

At 1 January 2024

402,095

402,095

At 31 December 2024

402,095

402,095

Impairment

Carrying amount

At 31 December 2024

402,095

402,095

This asset relates to an investment the company has made in a classic motor vehicle.

7

Stocks

2024
£

2023
£

Other inventories

626,160

708,677

 

Moon & Sixpence Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Debtors

2024
£

2023
£

Other debtors

57,287

50,054

57,287

50,054

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

142,249

422,475

Taxation and social security

107,505

209,744

Accruals and deferred income

8,550

8,115

Other creditors

20,109

41,831

278,413

682,165

10

Reserves

The profit and loss reserves of the company are fully distributable.

11

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £285.00 (2023 - £Nil) per each Ordinary shares

285,000

-

 

 

12

Related party transactions

Other transactions with directors

During the course of the year the director, P J Little, advanced total funds to the company of £411,050 in order to assist the company with the payment of various liabilities.

The company repaid this amount of £411,050 in full to the director.

There are no amounts owing to or by the company in respect of this at the year end (2023 £nil)