Company registration number 11061330 (England and Wales)
MOHAVEN LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MOHAVEN LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
MOHAVEN LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,364
9,792
Investment properties
4
700,000
710,182
707,364
719,974
Current assets
Debtors
5
303
303
Cash at bank and in hand
16,525
4,578
16,828
4,881
Creditors: amounts falling due within one year
6
(214,740)
(197,140)
Net current liabilities
(197,912)
(192,259)
Total assets less current liabilities
509,452
527,715
Creditors: amounts falling due after more than one year
7
(508,341)
(506,924)
Provisions for liabilities
(134)
(4,999)
Net assets
977
15,792
Capital and reserves
Called up share capital
8
1
1
Revaluation reserve
47,200
59,130
Profit and loss reserves
(46,224)
(43,339)
Total equity
977
15,792

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 5 August 2026
Miss V Morris
Director
Company Registration No. 11061330
MOHAVEN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Mohaven Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Barberry House, Crickhowell Road, Gilwern, Abergavenny, NP7 0DF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from rental contracts is recognised over the period when, and to the extent that, the company obtains the right to consideration in exchange for rentals provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
IT equipment
20% straight line

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.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MOHAVEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
MOHAVEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
IT equipment
Total
£
£
£
£
Cost
At 1 December 2024 and 30 November 2025
2,157
13,850
1,903
17,910
Depreciation and impairment
At 1 December 2024
697
5,746
1,675
8,118
Depreciation charged in the year
327
1,961
140
2,428
At 30 November 2025
1,024
7,707
1,815
10,546
Carrying amount
At 30 November 2025
1,133
6,143
88
7,364
At 30 November 2024
1,460
8,104
228
9,792
4
Investment property
2025
£
Fair value
At 1 December 2024
710,182
Additions
4,512
Revaluations
(14,694)
At 30 November 2025
700,000

The properties are initially measured at cost then annually at market value.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
303
303
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,055
5,333
Trade creditors
15,719
21,402
Taxation and social security
-
0
138
Other creditors
191,966
170,267
214,740
197,140
MOHAVEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
208,341
206,924
Other creditors
300,000
300,000
508,341
506,924

Included in creditors due after one year are bank loans of £17 5,161 (202 4: £175,161) secured over the company's investment properties.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable other than by instalments
175,161
189,748
8
Called up share capital
2025
2024
£
£
Ordinary share capital - Issued and fully paid
1 Ordinary share of £1 each
1
1
MOHAVEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
9
Directors' transactions

The director operates a current loan account with the company which is debited with payments made on her behalf a nd credited with funds introduced and undrawn director's fees. The amount owed by the company at 30th November 202 5 was £48 9,206 (202 4: £467,627) and is split between creditors: amounts due falling within one year £18 9,206 (2024: £167,627) and creditors: amounts falling due after one year £300,000 (2024: £300,000).

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