REGISTERED NUMBER: 13249157 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOULTON GROUP LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A M A Williams

SECRETARY:

Ms K C White

REGISTERED OFFICE:

The Bicycle Works

Holt Road

Bradford-On-Avon

BA15 1AJ

REGISTERED NUMBER:

13249157 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

554,178

533,061

Investments

5

150,000

150,000

704,178

683,061

CURRENT ASSETS

Debtors

6

278,577

200,044

Cash at bank

21,808

176,583

300,385

376,627

CREDITORS

Amounts falling due within one year

7

136,847

72,726

NET CURRENT ASSETS

163,538

303,901

TOTAL ASSETS LESS CURRENT LIABILITIES

867,716

986,962

CREDITORS

Amounts falling due after more than one year

8

901,304

884,829

NET (LIABILITIES)/ASSETS

(33,588

)

102,133

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

(183,588

)

(47,867

)

SHAREHOLDERS' FUNDS

(33,588

)

102,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

A M A Williams - Director

1.	STATUTORY INFORMATION

Moulton Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair review.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Going Concern

The Director has assessed the Company's ability to continue as a going concern. As a result of this assessment, no material uncertainties have been identified that cast doubt the ability of the Company to continue as a going concern. The Director believes that there are sufficient cash holdings to ensure adequate cash flow for the foreseeable future. A letter of support has also been provided from its immediate parent company. Accordingly, the Director anticipates that the Company has adequate resources to continue in operational existence for atleast twelve months from the approval of the financial statements, and therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost, 2% on cost and at varying rates on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Office equipment

-

33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit ot loss.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short-term creditors are measured at the transaction price.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1. the amount of revenue can be measured reliably;

2. it is probable that the Company will receive the consideration due under the contract;

3. the stage of completion of the contract at the end of the reporting period can be measured reliably; and

4. the costs incurred and the costs to complete the contract can be measured reliably.

Finance Costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Office

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

435,725

77,744

72,290

2,682

588,441

Additions

67,403

1,199

600

1,003

70,205

At 31 December 2024

503,128

78,943

72,890

3,685

658,646

Depreciation

At 1 January 2024

13,787

17,417

23,190

986

55,380

Charge for year

8,005

15,749

24,233

1,101

49,088

At 31 December 2024

21,792

33,166

47,423

2,087

104,468

Net book value

At 31 December 2024

481,336

45,777

25,467

1,598

554,178

At 31 December 2023

421,938

60,327

49,100

1,696

533,061

Included in the freehold property is freehold land at cost of £227,403, of which £220,000 is not depreciated.

5.	FIXED ASSET INVESTMENTS

Investments

in

subsidiary

companies

£

Cost

At 1 January 2024

and 31 December 2024

150,000

Net book value

At 31 December 2024

150,000

At 31 December 2023

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

278,030

199,498

Prepayments

547

546

278,577

200,044

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans (see note 9)

131,312

68,980

VAT

5,085

3,746

Accruals and deferred income

450

-

136,847

72,726

Other loans include amounts owed to connected parties. Included within other loan is an unsecured £97,000 short term loan bearing interest at 3.5% above Bank of England Base Rate, which is repayable on demand. Loans of £330,000 and £110,000 secured over the freehold property, bearing interest of 5% above Base Rate and repayable in equal installments over 9 years commencing March 2023.

Other loans also include a £350,000 SWLEP funding loan, incurring interest at 4%, fully repayable in March 2027. The SWLEP loan also has a charge on the Moulton Group property and has priority over the AW and JM charge.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans (see note 9)

901,304

884,829

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Other loans

131,312

68,980

Amounts falling due between one and two years:

Other loans - 1-2 years

-

28,000

Amounts falling due between two and five years:

Other loans - 2-5 years

901,304

856,829

10.	CONTROLLING PARTY

The controlling party is Adrian Williams by virtue of his majority shareholding in the Company.