Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09991308 Mrs Volente Anthea Alberts Mr Nitin Chouhan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09991308 2022-10-31 09991308 2023-10-31 09991308 2022-11-01 2023-10-31 09991308 frs-core:CurrentFinancialInstruments 2023-10-31 09991308 frs-core:Non-currentFinancialInstruments 2023-10-31 09991308 frs-core:ShareCapital 2023-10-31 09991308 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09991308 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09991308 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09991308 frs-bus:SmallEntities 2022-11-01 2023-10-31 09991308 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09991308 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09991308 frs-core:UnlistedNon-exchangeTraded 2023-10-31 09991308 frs-core:UnlistedNon-exchangeTraded 2022-10-31 09991308 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 09991308 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 09991308 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 09991308 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 09991308 frs-bus:Director1 2022-11-01 2023-10-31 09991308 frs-bus:Director2 2022-11-01 2023-10-31 09991308 frs-countries:EnglandWales 2022-11-01 2023-10-31 09991308 2021-10-31 09991308 2022-10-31 09991308 2021-11-01 2022-10-31 09991308 frs-core:CurrentFinancialInstruments 2022-10-31 09991308 frs-core:Non-currentFinancialInstruments 2022-10-31 09991308 frs-core:ShareCapital 2022-10-31 09991308 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09991308
MCL Group of Companies Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09991308
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 9,754,810 9,754,810
9,754,810 9,754,810
CURRENT ASSETS
Debtors 5 10,898 100,898
Cash at bank and in hand 8,802 1,291
19,700 102,189
Creditors: Amounts Falling Due Within One Year 6 (1,110 ) (1,199 )
NET CURRENT ASSETS (LIABILITIES) 18,590 100,990
TOTAL ASSETS LESS CURRENT LIABILITIES 9,773,400 9,855,800
Creditors: Amounts Falling Due After More Than One Year 7 (8,819,595 ) (7,440,203 )
NET ASSETS 953,805 2,415,597
CAPITAL AND RESERVES
Called up share capital 97,548 97,548
Profit and Loss Account 856,257 2,318,049
SHAREHOLDERS' FUNDS 953,805 2,415,597
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nitin Chouhan
Director
8th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MCL Group of Companies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09991308 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.3. Group accounts
The financial statements present information about the company as an individual undertaking and not about the group. The company and its subsidiary undertakings comprise of a small group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 November 2022 9,754,810
As at 31 October 2023 9,754,810
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 9,754,810
As at 1 November 2022 9,754,810
The company owns 100% of the share capital of MCL Properties Limited, MCL Corporation Limited, T N Capital Limited, MCL Trustees Limited and MCL Investments Limited, companies incorporated in England & Wales.
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 10,898 100,898
10,898 100,898
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,110 1,199
1,110 1,199
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 7,702,291 6,657,899
Amounts owed to group undertakings 1,117,304 782,304
8,819,595 7,440,203
Page 4