Silverfin false 30/04/2023 01/05/2022 30/04/2023 Catherine Elise Fisher 16/04/2021 Mark John Fisher 16/04/2021 19 November 2023 The principal activity of the Company during the financial year was acting as a holding company. 13339518 2023-04-30 13339518 bus:Director1 2023-04-30 13339518 bus:Director2 2023-04-30 13339518 2022-04-30 13339518 core:CurrentFinancialInstruments 2023-04-30 13339518 core:CurrentFinancialInstruments 2022-04-30 13339518 core:ShareCapital 2023-04-30 13339518 core:ShareCapital 2022-04-30 13339518 core:RetainedEarningsAccumulatedLosses 2023-04-30 13339518 core:RetainedEarningsAccumulatedLosses 2022-04-30 13339518 core:CostValuation 2022-04-30 13339518 core:CostValuation 2023-04-30 13339518 bus:OrdinaryShareClass1 2023-04-30 13339518 2022-05-01 2023-04-30 13339518 bus:FullAccounts 2022-05-01 2023-04-30 13339518 bus:SmallEntities 2022-05-01 2023-04-30 13339518 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13339518 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13339518 bus:Director1 2022-05-01 2023-04-30 13339518 bus:Director2 2022-05-01 2023-04-30 13339518 2021-04-16 2022-04-30 13339518 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 13339518 bus:OrdinaryShareClass1 2021-04-16 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13339518 (England and Wales)

MCF GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

MCF GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

MCF GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
MCF GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 30.04.2023 30.04.2022
£ £
Fixed assets
Investments 3 150 150
150 150
Current assets
Debtors 4 0 49,900
Cash at bank and in hand 100,093 50,100
100,093 100,000
Creditors: amounts falling due within one year 5 ( 3,450) ( 1,200)
Net current assets 96,643 98,800
Total assets less current liabilities 96,793 98,950
Net assets 96,793 98,950
Capital and reserves
Called-up share capital 6 150 150
Profit and loss account 96,643 98,800
Total shareholders' funds 96,793 98,950

For the financial year ending 30 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 MCF Group Limited (registered number: 13339518) were approved and authorised for issue by the Director on 19 November 2023. They were signed on its behalf by:

Catherine Elise Fisher
Director
MCF GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
MCF GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

MCF Group 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 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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

Year ended
30.04.2023
Period from
16.04.2021 to
30.04.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

30.04.2023
£
Cost
At 01 May 2022 150
At 30 April 2023 150
Carrying value at 30 April 2023 150
Carrying value at 30 April 2022 150

4. Debtors

30.04.2023 30.04.2022
£ £
Amounts owed by Group undertakings 0 49,900

5. Creditors: amounts falling due within one year

30.04.2023 30.04.2022
£ £
Amounts owed to Group undertakings 1,600 0
Other creditors 1,850 1,200
3,450 1,200

6. Called-up share capital

30.04.2023 30.04.2022
£ £
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150 150

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

30.04.2023 30.04.2022
£ £
Amounts owed to subsidiary (1,600) 49,900

Transactions with the entity's directors

30.04.2023 30.04.2022
£ £
Dividends paid to company directors 79,780 82,000