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REGISTERED NUMBER: 10252903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MFBF LIMITED

MFBF LIMITED (REGISTERED NUMBER: 10252903)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MFBF LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: D R Maclean
E I Wright





REGISTERED OFFICE: 10 Lauriston Road
London
SW19 4TQ





REGISTERED NUMBER: 10252903 (England and Wales)

MFBF LIMITED (REGISTERED NUMBER: 10252903)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,885,837 3,176,862

CURRENT ASSETS
Cash at bank 260,176 432,977

CREDITORS
Amounts falling due within one year 2,609,514 2,944,331
NET CURRENT LIABILITIES (2,349,338 ) (2,511,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,499

665,508

PROVISIONS FOR LIABILITIES - 3,812
NET ASSETS 536,499 661,696

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 536,489 661,686
536,499 661,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2024 and were signed on its behalf by:





D R Maclean - Director


MFBF LIMITED (REGISTERED NUMBER: 10252903)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

MFBF 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Investments
Investment in shares are included at fair value with revaluation gains and losses being recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2022 3,176,862
Additions 311,052
Disposals (232,334 )
Revaluations (369,743 )
At 30 June 2023 2,885,837
NET BOOK VALUE
At 30 June 2023 2,885,837
At 30 June 2022 3,176,862

MFBF LIMITED (REGISTERED NUMBER: 10252903)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2023 is represented by:
Totals
£   
Valuation in 2017 215,693
Valuation in 2018 (84,626 )
Valuation in 2019 (71,328 )
Valuation in 2020 (82,099 )
Valuation in 2021 190,736
Valuation in 2022 (148,312 )
Valuation in 2023 (369,743 )
Cost 3,235,516
2,885,837

If fixed asset investments had not been revalued the would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,235,516 3,156,799

The fixed asset investments were valued on an open market basis on 30 June 2023 by Canaccord Genuity Wealth Management .

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023, a director had loaned the company £2,609,514 (2022 - £2,944,331). There is no interest due on the loan and it is repayable upon demand.