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Registration number: 11852635

MFD Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

MFD Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

MFD Holdings Limited

Company Information

Directors

S Bennett

RG Brister

Registered office

Berkeley Square House Berkeley Square
Mayfair
London
W1J 6BD

 

MFD Holdings Limited

(Registration number: 11852635)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

1,436,738

1,436,738

Creditors: Amounts falling due within one year

6

(1,718,816)

(1,681,474)

Net liabilities

 

(282,078)

(244,736)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(282,080)

(244,738)

Shareholders' deficit

 

(282,078)

(244,736)

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.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
RG Brister
Director

 

MFD 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:
Berkeley Square House Berkeley Square
Mayfair
London
W1J 6BD
England

These financial statements were authorised for issue by the Board on 30 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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.

 

MFD Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

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 directors) during the year, was 0 (2022 - 0).

 

MFD Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2022

1,436,738

1,436,738

At 31 October 2023

1,436,738

1,436,738

Impairment

Carrying amount

At 31 October 2023

1,436,738

1,436,738

5

Debtors

Current

2023
£

2022
£

 

-

-

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

1,262,557

1,225,215

Other creditors

 

456,259

456,259

 

1,718,816

1,681,474

 

MFD Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary A of £1 each

1

1

1

1

101

101

101

101

8

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £5,000.10 (2022 - £1,129.60) per each Ordinary

500,010

112,960

Interim dividend of £50,000.00 (2022 - £13,750.00) per each Ordinary A

50,000

13,750

550,010

126,710