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Company No: 04434661 (England and Wales)

# MOXIE MANAGEMENT LTD

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

MOXIE MANAGEMENT LTD

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

MOXIE MANAGEMENT LTD

## BALANCE SHEET

As at 31 May 2025
MOXIE MANAGEMENT LTD

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,342 |  | 1,900
Investment property | 4 | 12,262,000 |  | 12,262,000
|  | 12,264,342 |  | 12,263,900
Current assets |  |  |  |
Debtors | 5 | 436,102 |  | 437,273
Cash at bank and in hand |  | 885,399 |  | 904,528
|  | 1,321,501 |  | 1,341,801
Creditors: amounts falling due within one year | 6 | ( 4,317,201) |  | ( 4,628,045)
Net current liabilities |  | (2,995,700) |  | (3,286,244)
Total assets less current liabilities |  | 9,268,642 |  | 8,977,656
Creditors: amounts falling due after more than one year | 7 | ( 765,053) |  | ( 874,245)
Provision for liabilities | 8 | ( 1,001,419) |  | ( 1,001,419)
Net assets |  | 7,502,170 |  | 7,101,992
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 7,502,168 |  | 7,101,990
Total shareholders' funds |  | 7,502,170 |  | 7,101,992

For the financial year ending 31 May 2025 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge 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 Moxie Management Ltd (registered number: 04434661) were approved and authorised for issue by the Board of Directors on 09 February 2026. They were signed on its behalf by:

Bella Landen Director |

MOXIE MANAGEMENT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
MOXIE MANAGEMENT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 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

Moxie Management Ltd (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 99 Coleraine Road, London, SE3 7NZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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.
The functional currency of Moxie Management Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 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

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 straight-line,reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 10 years straight line

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### 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.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### 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 directors | 4 |  | 4

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 7,769 |  | 7,769
Additions | 853 |  | 853
At 31 May 2025 | 8,622 |  | 8,622
Accumulated depreciation |  |  |
At 01 June 2024 | 5,869 |  | 5,869
Charge for the financial year | 411 |  | 411
At 31 May 2025 | 6,280 |  | 6,280
Net book value |  |  |
At 31 May 2025 | 2,342 |  | 2,342
At 31 May 2024 | 1,900 |  | 1,900

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 12,262,000
As at 31 May 2025 | 12,262,000

The investment property portfolio was valued by Christie & Co on 1 April 2022.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 35,070 |  | 37,486
Other debtors | 401,032 |  | 399,787
| 436,102 |  | 437,273

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 98,439 |  | 111,653
Taxation and social security | 133,077 |  | 157,568
Other creditors | 4,085,685 |  | 4,358,824
| 4,317,201 |  | 4,628,045

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 765,053 |  | 874,245

The company has provided security on the loans against a selection of the investment portfolio.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 1,001,419) |  | ( 1,001,419)
At the end of financial year | ( 1,001,419) |  | ( 1,001,419)

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amount payable to directors | 3,952,327 |  | 4,234,310

#### 10. Reserves

The profit and loss account reserve includes £3,874,025 (2024: £3,874,025) of non-distributable reserves relating to the revaluation of investment properties.