Silverfin false 03/04/2023 01/05/2022 03/04/2023 Simon Barclay 03/04/2023 Craig Barlow 03/04/2023 Maureen Cable 03/04/2023 06 November 2023 The principal activity of the Company during the financial year was that of a holding company. 09984529 2023-04-03 09984529 bus:Director1 2023-04-03 09984529 bus:Director2 2023-04-03 09984529 bus:Director3 2023-04-03 09984529 2022-04-30 09984529 core:CurrentFinancialInstruments 2023-04-03 09984529 core:CurrentFinancialInstruments 2022-04-30 09984529 core:ShareCapital 2023-04-03 09984529 core:ShareCapital 2022-04-30 09984529 core:RetainedEarningsAccumulatedLosses 2023-04-03 09984529 core:RetainedEarningsAccumulatedLosses 2022-04-30 09984529 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-03 09984529 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-04-30 09984529 bus:OrdinaryShareClass1 2023-04-03 09984529 bus:OrdinaryShareClass2 2023-04-03 09984529 2022-05-01 2023-04-03 09984529 bus:FullAccounts 2022-05-01 2023-04-03 09984529 bus:SmallEntities 2022-05-01 2023-04-03 09984529 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-03 09984529 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-03 09984529 bus:Director1 2022-05-01 2023-04-03 09984529 bus:Director2 2022-05-01 2023-04-03 09984529 bus:Director3 2022-05-01 2023-04-03 09984529 2021-05-01 2022-04-30 09984529 bus:OrdinaryShareClass1 2022-05-01 2023-04-03 09984529 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 09984529 bus:OrdinaryShareClass2 2022-05-01 2023-04-03 09984529 bus:OrdinaryShareClass2 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09984529 (England and Wales)

MHCABLE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 01 May 2022 to 03 April 2023
Pages for filing with the registrar

MHCABLE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 01 May 2022 to 03 April 2023

Contents

MHCABLE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 03 April 2023
MHCABLE HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 03 April 2023
03.04.2023 30.04.2022
£ £
Fixed assets
Investments 200 200
200 200
Current assets
Stocks 3,707 3,707
Debtors 3 0 23,593
Cash at bank and in hand 77,006 49,016
80,713 76,316
Creditors: amounts falling due within one year 4 ( 81,378) ( 75,448)
Net current (liabilities)/assets (665) 868
Total assets less current liabilities (465) 1,068
Net (liabilities)/assets ( 465) 1,068
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 565 ) 968
Total shareholders' (deficit)/funds ( 465) 1,068

For the financial period ending 03 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MHCABLE Holdings Limited (registered number: 09984529) were approved and authorised for issue by the Director on 06 November 2023. They were signed on its behalf by:

Craig Barlow
Director
MHCABLE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2022 to 03 April 2023
MHCABLE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2022 to 03 April 2023
1. Accounting policies

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.

General information and basis of accounting

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

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.

Reporting period length

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

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

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.

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.

Dividends

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.

2. Employees

Period from
01.05.2022 to
03.04.2023
Year ended
30.04.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 1 1

3. Debtors

03.04.2023 30.04.2022
£ £
Other debtors 0 23,593

4. Creditors: amounts falling due within one year

03.04.2023 30.04.2022
£ £
Amounts owed to own subsidiaries 79,778 73,848
Other creditors 1,600 1,600
81,378 75,448

5. Called-up share capital

03.04.2023 30.04.2022
£ £
Allotted, called-up and fully-paid
90 Ordinary shares of £ 1.00 each 90 90
10 B Ordinary shares of £ 1.00 each 10 10
100 100

6. Related party transactions

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).