Company No: 10017487 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	776,690		548,907
Tangible assets	4	71,249		89,452
Investment property	5	130,000		130,000
Investments	6	104		104
		978,043		768,463
Current assets
Debtors	7	8,958		21,082
Investments	8	264,000		264,000
Cash at bank and in hand		446,750		429,750
		719,708		714,832
Creditors: amounts falling due within one year	9	( 45,833)		( 7,862)
Net current assets		673,875		706,970
Total assets less current liabilities		1,651,918		1,475,433
Creditors: amounts falling due after more than one year	10	( 56,258)		( 61,353)
Provision for liabilities		( 99,567)		( 60,873)
Net assets		1,496,093		1,353,207
Capital and reserves
Called-up share capital	11	102		102
Revaluation reserve		212,768		79,430
Fair value reserve		51,839		51,839
Profit and loss account		1,231,384		1,221,836
Total shareholders' funds		1,496,093		1,353,207

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Moor Holdings Limited (registered number: 10017487) were approved and authorised for issue by the Director on 18 December 2025. They were signed on its behalf by:

Mr R C Short Director

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

Moor 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 Francis Clark Llp, Melville Building East, Royal William Yard , Plymouth, PL1 3GW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Change in accounting policies

As described in the Intangible Assets policy, the accounting for cryptocurrency has changed this year to reflect the emerging consensus in accounting for these assets. As a result, the prior year comparatives have been restated. The impact of this has been to show unrealised gains on these assets in a Revaluation reserve, and to show movements in the assets in Other Comprehensive Income.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

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.

Intangible assets

The company holds bitcoin and ethereum cryptocurrency as a long-term investment. FRS 102 does not specify how this should be recognised, but over the last few years the emerging practice has been to recognise this either as inventory (if regularly traded) or intangibles (if held for the long-term). Accordingly it is recognised in these accounts as intangible assets.

The cryptocurrency is measured at a revalued amount, which in practice means it is measured at market value each year end. Changes in value are recognised in Other Comprehensive Income and accumulate in a Revaluation Reserve.

Changes in value will eventually be taxed if/when the cryptocurrency is sold, and therefore a deferred tax liability arises on them. Changes in this liability are also recognised in Other Comprehensive Income and also accumulate in the Revaluation Reserve.

This treatment is a change from previous years to reflect the emerging consensus in accounting, and as a result, the prior year comparatives have also been restated.

Other intangible assets

not amortised

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 reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

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 Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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 the director	0		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 May 2024	548,907		548,907
Additions	50,000		50,000
Revaluations	177,783		177,783
At 30 April 2025	776,690		776,690
Accumulated amortisation
At 01 May 2024	0		0
At 30 April 2025	0		0
Net book value
At 30 April 2025	776,690		776,690
At 30 April 2024	548,907		548,907

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 May 2024	5,471		80,449		20,797		6,575		113,292
Additions	0		0		0		1,238		1,238
Disposals	0		0		0		( 1,015)		( 1,015)
At 30 April 2025	5,471		80,449		20,797		6,798		113,515
Accumulated depreciation
At 01 May 2024	1,795		8,045		12,091		1,909		23,840
Charge for the financial year	919		14,481		2,177		1,166		18,743
Disposals	0		0		0		( 317)		( 317)
At 30 April 2025	2,714		22,526		14,268		2,758		42,266
Net book value
At 30 April 2025	2,757		57,923		6,529		4,040		71,249
At 30 April 2024	3,676		72,404		8,706		4,666		89,452

5. Investment property

	Investment property
	£
Valuation
As at 01 May 2024	130,000
As at 30 April 2025	130,000

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 May 2024	104
At 30 April 2025	104
Carrying value at 30 April 2025	104
Carrying value at 30 April 2024	104

7. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	0		18,511
Other debtors	8,958		2,571
	8,958		21,082

8. Current asset investments

	2025		2024
	£		£
Other investments – at cost less impairment	264,000		264,000

9. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	35,212		0
Other taxation and social security	112		0
Obligations under finance leases and hire purchase contracts	5,094		3,272
Other creditors	5,415		4,590
	45,833		7,862

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	56,258		61,353

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

11. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
1 Ordinary A share of £ 1.00	1		1
1 Ordinary B share of £ 1.00	1		1
	102		102