Company Registration No. 14174334 (England and Wales)
MDF STORE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
MDF STORE HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mrs V C Whittaker
(Appointed 15 June 2022)
Mr M P Banford
(Appointed 15 June 2022)
Company number
14174334
Registered office
Suite 1 Fulham Business Exchange
The Boulevard
Fulham
London
SW6 2TL
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC UK Bank Plc
1 Centenary Square
Birmingham
B1 1HQ
MDF STORE HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
MDF STORE HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MDF STORE HOLDINGS LIMITED FOR THE PERIOD ENDED 30 JUNE 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MDF Store Holdings Limited for the period ended 30 June 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MDF Store Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MDF Store Holdings Limited and state those matters that we have agreed to state to the Board of Directors of MDF Store Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MDF Store Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that MDF Store Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MDF Store Holdings Limited. You consider that MDF Store Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MDF Store Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
30 November 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
MDF STORE HOLDINGS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 2 -
2023
Notes
£
£
Fixed assets
Investments
3
200
Current assets
Debtors
4
800,001
Cash at bank and in hand
199,671
999,672
Creditors: amounts falling due within one year
5
(200,791)
Net current assets
798,881
Total assets less current liabilities
799,081
Capital and reserves
Called up share capital
6
200
Profit and loss reserves
798,881
Total equity
799,081

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 30 November 2023 and are signed on its behalf by:
Mr M P Banford
Director
Company Registration No. 14174334
MDF STORE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

MDF Store Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 1 Fulham Business Exchange, The Boulevard, Fulham, London, SW6 2TL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 2.

3
Fixed asset investments
2023
£
Investments
200
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 15 June 2022
-
Additions
200
At 30 June 2023
200
Carrying amount
At 30 June 2023
200
MDF STORE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2023
- 4 -
4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
800,001
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
71
Amounts owed to group undertakings
200,000
Other creditors
720
200,791
6
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
66 Ordinary A of £1 each
66
134 Oridnary B of £1 each
134
200

The following shares were allotted and fully paid for cash at par during the year:

66 Ordinary A shares of £1 each

134 Ordinary B shares of £1 each

7
Related party transactions

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.

8
Ultimate controlling party

The ulitmate controlling party is Mr M P Banford.

9
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

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