Company No:
Contents
03.04.2023 | 30.04.2022 | |||
£ | £ | |||
Fixed assets | ||||
Investments |
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200 | 200 | |||
Current assets | ||||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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80,713 | 76,316 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current (liabilities)/assets | (665) | 868 | ||
Total assets less current liabilities | (465) | 1,068 | ||
Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
The financial statements of MHCABLE Holdings Limited (registered number:
Craig Barlow
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
MHCABLE 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 Oregon House, 19 Queensway, New Milton, BH25 5NN, 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 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 £.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
These financial statements have been prepared for a period of 11 months and 3 days in order to cover up until the date that the company was sold. As a result of this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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.
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 Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Period from 01.05.2022 to 03.04.2023 |
Year ended 30.04.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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03.04.2023 | 30.04.2022 | ||
£ | £ | ||
Other debtors |
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03.04.2023 | 30.04.2022 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
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Other creditors |
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03.04.2023 | 30.04.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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100 | 100 |
Transactions with the entity's directors
During the year a director, M G Cable maintained a loan account with the company. At the year end the director owed the company £Nil (2022: £23,593). Interest of £508.85 has been charged at 2% on amounts owed during the period (2022: £176.35).
During the year a director received dividends totalling £50,200 (2022: £55,173).