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Company Registration No. 9646026 (England and Wales)
Mode Holdings Ltd Unaudited accounts for the year ended 31 December 2024
Mode Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mode Holdings Ltd Company Information for the year ended 31 December 2024
Director
Ian Edwards
Company Number
9646026 (England and Wales)
Registered Office
OFFICE 6, TOWN HALL 86 WATLING STREET EAST TOWCESTER NORTHANTS NN12 6BS UNITED KINGDOM
Accountants
Tove Accountancy Limited Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
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Mode Holdings Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
247,341
250,028
Investments
5
104
104
247,445
250,132
Current assets
Debtors
6
15,326
15,455
Cash at bank and in hand
309
1,668
15,635
17,123
Creditors: amounts falling due within one year
7
(120,693)
(119,957)
Net current liabilities
(105,058)
(102,834)
Total assets less current liabilities
142,387
147,298
Creditors: amounts falling due after more than one year
8
(103,958)
(110,413)
Net assets
38,429
36,885
Capital and reserves
Called up share capital
100
100
Profit and loss account
38,329
36,785
Shareholders' funds
38,429
36,885
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Ian Edwards Director Company Registration No. 9646026
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Mode Holdings Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Mode Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 9646026. The registered office is OFFICE 6, TOWN HALL, 86 WATLING STREET EAST, TOWCESTER, NORTHANTS, NN12 6BS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
268,697
446
269,143
At 31 December 2024
268,697
446
269,143
Depreciation
At 1 January 2024
18,669
446
19,115
Charge for the year
2,687
-
2,687
At 31 December 2024
21,356
446
21,802
Net book value
At 31 December 2024
247,341
-
247,341
At 31 December 2023
250,028
-
250,028
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Mode Holdings Ltd Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings
£
Valuation at 1 January 2024
104
Valuation at 31 December 2024
104
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
7,871
7,100
Amounts due from group undertakings etc.
7,455
8,355
15,326
15,455
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
19,762
19,762
VAT
3,342
2,236
Trade creditors
1,150
841
Amounts owed to group undertakings and other participating interests
96,439
96,918
Accruals
-
200
120,693
119,957
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
103,958
110,413
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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