MAH Holdings Limited 12515977 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true 12515977 2022-11-01 2023-10-31 12515977 2023-10-31 12515977 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2023-10-31 12515977 core:ShareCapital 2023-10-31 12515977 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12515977 bus:SmallEntities 2022-11-01 2023-10-31 12515977 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12515977 bus:FullAccounts 2022-11-01 2023-10-31 12515977 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12515977 bus:RegisteredOffice 2022-11-01 2023-10-31 12515977 bus:Director1 2022-11-01 2023-10-31 12515977 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-01 2023-10-31 12515977 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12515977 bus:Agent1 2022-11-01 2023-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12515977 core:ShareCapital 2022-11-01 2023-10-31 12515977 countries:EnglandWales 2022-11-01 2023-10-31 12515977 2022-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2022-10-31 12515977 core:ShareCapital 2022-10-31 12515977 core:CostValuation 2022-10-31 12515977 2021-11-01 2022-10-31 12515977 2022-10-31 12515977 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2022-10-31 12515977 core:ShareCapital 2022-10-31 12515977 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 12515977 core:ShareCapital 2021-11-01 2022-10-31 12515977 2021-10-31 12515977 core:RetainedEarningsAccumulatedLosses 2021-10-31 12515977 core:ShareCapital 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

MAH Holdings Limited

Registration number : 12515977



















Annual Report and Unaudited Financial Statements

for the year ended 31 October 2023

 

MAH Holdings Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

MAH Holdings Limited

Company Information

Director

Mr Michael Harry Heyes

Registered office

Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

Accountants

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

MAH Holdings Limited

Director's Report for the year ended 31 October 2023

The director presents his report and the financial statements for the year ended 31 October 2023.

Director of the company

The director who held office during the year was as follows:

Mr Michael Harry Heyes

Principal activity

The principal activity of the company is that of a holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 25 July 2024 and signed on its behalf by:

.........................................
Mr Michael Harry Heyes
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of MAH Holdings Limited
for the year ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MAH Holdings Limited for the year ended 31 October 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

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

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

We have not been instructed to carry out an audit or a review of the accounts of MAH 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 accounts.

image-name

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

25 July 2024

 

MAH Holdings Limited

Profit and Loss Account for the year ended 31 October 2023

Note

2023
£

2022
£

Turnover

 

-

-

Administrative expenses

 

(430)

(388)

Operating loss

 

(430)

(388)

Income from participating interests

 

160,000

150,000

 

160,000

150,000

Profit before tax

159,570

149,612

Profit for the financial year

 

159,570

149,612

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

MAH Holdings Limited

Statement of Comprehensive Income for the Year Ended 31 October 2023

2023
£

2022
£

Profit for the year

159,570

149,612

Total comprehensive income for the year

159,570

149,612

 

MAH Holdings Limited

(Registration number: 12515977)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1

1

Current assets

 

Debtors

5

55,620

15,000

Cash at bank and in hand

 

311,997

212,001

 

367,617

227,001

Creditors: Amounts falling due within one year

6

(34,910)

(1,864)

Net current assets

 

332,707

225,137

Net assets

 

332,708

225,138

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

332,707

225,137

Total equity

 

332,708

225,138

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 July 2024
 

.........................................
Mr Michael Harry Heyes
Director

   
     
 

MAH Holdings Limited

Statement of Changes in Equity for the Year Ended 31 October 2023

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

1

225,137

225,138

Profit for the year

-

159,570

159,570

Dividends

-

(52,000)

(52,000)

At 31 October 2023

1

332,707

332,708

Share capital
£

Retained earnings
£

Total
£

At 1 November 2021

1

118,025

118,026

Profit for the year

-

149,612

149,612

Dividends

-

(42,500)

(42,500)

At 31 October 2022

1

225,137

225,138

 

MAH Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

These financial statements were authorised for issue by the director on 25 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

MAH Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1

1

 

MAH Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 October 2023

Subsidiaries

£

Cost or valuation

At 1 November 2022

1

Provision

Carrying amount

At 31 October 2023

1

At 31 October 2022

1

5

Debtors

2023
£

2022
£

Other debtors

55,620

15,000

55,620

15,000

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

34,910

1,624

Other creditors

 

-

240

 

34,910

1,864

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1