Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-08The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2true 14034992 2022-04-07 14034992 2022-04-08 2023-03-31 14034992 2021-04-08 2022-04-07 14034992 2023-03-31 14034992 c:Director2 2022-04-08 2023-03-31 14034992 d:FreeholdInvestmentProperty 2022-04-08 2023-03-31 14034992 d:FreeholdInvestmentProperty 2023-03-31 14034992 d:CurrentFinancialInstruments 2023-03-31 14034992 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14034992 d:ShareCapital 2023-03-31 14034992 d:RetainedEarningsAccumulatedLosses 2023-03-31 14034992 c:OrdinaryShareClass1 2022-04-08 2023-03-31 14034992 c:OrdinaryShareClass1 2023-03-31 14034992 c:FRS102 2022-04-08 2023-03-31 14034992 c:AuditExempt-NoAccountantsReport 2022-04-08 2023-03-31 14034992 c:FullAccounts 2022-04-08 2023-03-31 14034992 c:PrivateLimitedCompanyLtd 2022-04-08 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14034992









MHFH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
MHFH LIMITED
REGISTERED NUMBER: 14034992

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
55,180

  
55,180

Current assets
  

Debtors: amounts falling due within one year
 5 
25,602

  
25,602

Creditors: amounts falling due within one year
 6 
(81,313)

Net current (liabilities)/assets
  
 
 
(55,711)

Total assets less current liabilities
  
(531)

  

Net (liabilities)/assets
  
(531)


Capital and reserves
  

Called up share capital 
 7 
4

Profit and loss account
  
(535)

  
(531)


Page 1

 
MHFH LIMITED
REGISTERED NUMBER: 14034992
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J L Davies
Director

Date: 24 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MHFH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

MHFH Limited is a private company, limited by shares and incorporated in England and Wales (registration number 14034992). The registered office address is 133 Hammersmith Road, London, United Kingdom, W14 0QL.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
MHFH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
MHFH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
78,828


Disposals
(23,648)



At 31 March 2023
55,180

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
55,180

55,180


5.


Debtors

2023
£


Other debtors
25,602

25,602



6.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
813

Other creditors
79,000

Accruals and deferred income
1,500

81,313


Page 5

 
MHFH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Share capital

2023
£
Allotted, called up and fully paid


4 Ordinary shares of £1.00 each
4


On incorporation 4 Ordinary shares of £1.00 each were issued at par.

 
Page 6