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REGISTERED NUMBER: 11232378 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MHTDF LIMITED

MHTDF LIMITED (REGISTERED NUMBER: 11232378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MHTDF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D Archibald
R T Barker
J K Barker





REGISTERED OFFICE: c/o Hill Cross Furniture
Cramble Cross
North Cowton
Northallerton
North Yorkshire
DL7 0HL





REGISTERED NUMBER: 11232378 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

MHTDF LIMITED (REGISTERED NUMBER: 11232378)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 291,450 331,450

CURRENT ASSETS
Debtors 5 76,245 -
Cash at bank 272,708 205,000
348,953 205,000
CREDITORS
Amounts falling due within one year 6 309,608 372,726
NET CURRENT ASSETS/(LIABILITIES) 39,345 (167,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,795

163,724

CAPITAL AND RESERVES
Called up share capital 7 104 104
Retained earnings 330,691 163,620
SHAREHOLDERS' FUNDS 330,795 163,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





J K Barker - Director


MHTDF LIMITED (REGISTERED NUMBER: 11232378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

MHTDF Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents intercompany recharges receivable from a wholly owned trading subsidiary.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Investments are recognised initially at cost and are reviewed for impairment annually.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MHTDF LIMITED (REGISTERED NUMBER: 11232378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022 331,450
Disposals (40,000 )
At 31 March 2023 291,450
NET BOOK VALUE
At 31 March 2023 291,450
At 31 March 2022 331,450

The company's investment consists of its holding of 100% of the shares in the subsidiary undertaking, Tamarisk Designs Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 76,245 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 294,152 200,000
Taxation and social security - 140,326
Other creditors 15,456 32,400
309,608 372,726

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,000 Ordinary A shares 0.010 90 90

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,405 Ord C shares 0.010 14 14

MHTDF LIMITED (REGISTERED NUMBER: 11232378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

MHTDF Limited is a subsidiary of The Hill Cross Organisation Limited. The Hill Cross Organisation Limited and its subsidiary companies qualify as a small group and therefore do not prepare consolidated financial statements. The Hill Cross Organisation Limited's registered office is North Lingy Moor, Moulton, Richmond, North Yorkshire. DL10 6QN.
.
In the year a fellow group company, The Hill Cross Organisation Limited, made an interest free loan to the company. As at 31 March 2023 the amount outstanding was £287,472 (2022: £200,000).

In the prior year a director made an interest free loan to the company. As at 31 March 2023 the amount outstanding was £13,652 (2022: £30,000).