Registration number: 04426543

MA Travel Retail Limited
(formerly Moodie International Limited)

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

MA Travel Retail Limited
(formerly Moodie International Limited)

(Registration number: 04426543)
Balance Sheet as at 18 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	50,910	-
Tangible assets	5	6,018	11,017
Investment property	6	-	750,000
Other financial assets	7	-	68,109
		56,928	829,126
Current assets
Debtors	8	2,608,280	3,255,939
Cash at bank and in hand		939,110	1,228,175
		3,547,390	4,484,114
Creditors: Amounts falling due within one year	9	(887,100)	(1,270,520)
Net current assets		2,660,290	3,213,594
Total assets less current liabilities		2,717,218	4,042,720
Provisions for liabilities		-	(23,847)
Net assets		2,717,218	4,018,873
Capital and reserves
Called up share capital	10	1	1
Other reserves		-	71,540
Profit and loss account		2,717,217	3,947,332
Shareholders' funds		2,717,218	4,018,873

For the financial period ending 18 September 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 period 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.

MA Travel Retail Limited
(formerly Moodie International Limited)

(Registration number: 04426543)
Balance Sheet as at 18 September 2024

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:
 

......................................... M Allen Director

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

1	General information

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

The company was formerly known as Moodie International Limited.

The address of its registered office is:
St Judes Church
Dulwich Road
London
SE24 0PB
England

These financial statements were authorised for issue by the Board on 12 September 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 presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 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
Fixtures, fittings and equipment	Straight line - 3 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers 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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents and Trademarks	Straight line - 5 years and 3 years

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

Website development

Straight line - 3 years

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12 (2023 - 12).

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

4	Intangible assets

	Trademarks, patents and licenses  £	Website development £	Total £
Cost or valuation
At 1 October 2023	176,865	-	176,865
Additions acquired separately	-	75,235	75,235
At 18 September 2024	176,865	75,235	252,100
Amortisation
At 1 October 2023	176,865	-	176,865
Amortisation charge	-	24,325	24,325
At 18 September 2024	176,865	24,325	201,190
Carrying amount
At 18 September 2024	-	50,910	50,910

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2023	32,625	32,625
Additions	3,422	3,422
At 18 September 2024	36,047	36,047
Depreciation
At 1 October 2023	21,608	21,608
Charge for the period	8,421	8,421
At 18 September 2024	30,029	30,029
Carrying amount
At 18 September 2024	6,018	6,018
At 30 September 2023	11,017	11,017

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

6	Investment properties

	2024 £
At 1 October	750,000
Disposals	(750,000)
At 18 September	-

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 October 2023	181,336	181,336
Disposals	(181,336)	(181,336)
At 18 September 2024	-	-
Impairment
At 1 October 2023	113,227	113,227
Losses made in the period	(113,227)	(113,227)
At 18 September 2024	-	-
Carrying amount
At 18 September 2024	-	-

Included in other investments other than the loans is an amount of Nil (2023:£126,674) relating to investments in Cryptocurrency. These have been accounted for using the revaluation model.
 

MA Travel Retail Limited
(formerly Moodie International Limited)

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 18 September 2024

8

Debtors

Current	Note	2024 £	2023 £
Trade debtors		873,489	877,954
Amounts owed by related parties	11	1,647,069	1,971,510
Prepayments		75,036	398,425
Other debtors		12,686	8,050
		2,608,280	3,255,939

9

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	18,247	247,396
Taxation and social security	37,585	91,831
Accruals and deferred income	800,453	899,167
Other creditors	30,815	32,126
	887,100	1,270,520

10	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £0.01 each	100	1	100	1

11	Related party transactions

Included on other debtors is an amount of £9,214 (2023: £7,902) owed by connected companies in which the directors have a beneficial interest. The loans are provided interest free. There are no formal terms and conditions regarding the repayment of the loans.

Amount due of £nil (2023: £1,920) from connected company, was written off during the year as not recoverable.

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned as part of the group.