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REGISTERED NUMBER: 03540220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

M B HIRST LIMITED

M B HIRST LIMITED (REGISTERED NUMBER: 03540220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M B HIRST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M B Hirst
Mrs E J Hirst





REGISTERED OFFICE: 16 Prowse Avenue
Bushey Heath
Hertfordshire
WD23 1JR





REGISTERED NUMBER: 03540220 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

M B HIRST LIMITED (REGISTERED NUMBER: 03540220)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 702 778

CURRENT ASSETS
Debtors 5 22,603 31,072
Investments 6 3,951,974 3,968,636
Cash at bank 76,817 116,329
4,051,394 4,116,037
CREDITORS
Amounts falling due within one year 7 73,964 145,073
NET CURRENT ASSETS 3,977,430 3,970,964
TOTAL ASSETS LESS CURRENT LIABILITIES 3,978,132 3,971,742

PROVISIONS FOR LIABILITIES 8 1,778 -
NET ASSETS 3,976,354 3,971,742

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,976,254 3,971,642
SHAREHOLDERS' FUNDS 3,976,354 3,971,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:




M B Hirst - Director



Mrs E J Hirst - Director


M B HIRST LIMITED (REGISTERED NUMBER: 03540220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

M B Hirst Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue recognition
Revenue from consultancy services is recognised when the company has right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company makes contribution into Self-invested personal pensions (SIPPs). Contributions payable are charged to profit or loss in the period to which they relate.

Investments
Current asset investments relate to investments in bonds and government securities which are publicly traded, which are stated at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

M B HIRST LIMITED (REGISTERED NUMBER: 03540220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 April 2023 9,371
Additions 132
At 31 March 2024 9,503
DEPRECIATION
At 1 April 2023 8,593
Charge for year 208
At 31 March 2024 8,801
NET BOOK VALUE
At 31 March 2024 702
At 31 March 2023 778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 22,603 31,072

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 3,951,974 3,968,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 155 30
Taxation and social security 4,191 20,388
Other creditors 69,618 124,655
73,964 145,073

8. PROVISIONS FOR LIABILITIES
31.3.24
£   
Deferred tax 1,778

Deferred
tax
£   
Balance at 1 April 2023 (7,356 )
Provided during year 9,134
Balance at 31 March 2024 1,778

M B HIRST LIMITED (REGISTERED NUMBER: 03540220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £62,976 (2023: £117,582), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.