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REGISTERED NUMBER: 06818615 (England and Wales)












MBH WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

MBH WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: M N Adkins





REGISTERED OFFICE: 9 Meads Street
Meads
Eastbourne
East Sussex
BN20 7QY





REGISTERED NUMBER: 06818615 (England and Wales)





ACCOUNTANTS: Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,464 107,131
Investments 5 15,736 -
119,200 107,131

CURRENT ASSETS
Debtors 6 21,594 26,902
Cash at bank 45,975 74,634
67,569 101,536
CREDITORS
Amounts falling due within one year 7 30,505 32,646
NET CURRENT ASSETS 37,064 68,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,264

176,021

CREDITORS
Amounts falling due after more than one
year

8

(43,394

)

(47,643

)

PROVISIONS FOR LIABILITIES 10 (1,232 ) (1,066 )
NET ASSETS 111,638 127,312

CAPITAL AND RESERVES
Called up share capital 11 170 170
Retained earnings 111,468 127,142
SHAREHOLDERS' FUNDS 111,638 127,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

BALANCE SHEET - continued
30TH JUNE 2024


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 director and authorised for issue on 7th August 2024 and were signed by:





M N Adkins - Director


MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

MBH Wealth Management 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on 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 or deferred taxation assets and liabilities are not discounted.

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 118,046 26,271 144,317
DEPRECIATION
At 1st July 2023 16,526 20,660 37,186
Charge for year 2,361 1,306 3,667
At 30th June 2024 18,887 21,966 40,853
NET BOOK VALUE
At 30th June 2024 99,159 4,305 103,464
At 30th June 2023 101,520 5,611 107,131

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 21,642
Disposals (6,531 )
Revaluations 625
At 30th June 2024 15,736
NET BOOK VALUE
At 30th June 2024 15,736

Cost or valuation at 30th June 2024 is represented by:

Other
investments
£   
Valuation in 2024 625
Cost 15,111
15,736

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 15,111 -

Fixed asset investments were valued on an open market basis on 30th June 2024 by Transact .

MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,425 26,902
Other debtors 2,169 -
21,594 26,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,151 5,417
Trade creditors 801 -
Taxation and social security 20,128 24,315
Other creditors 4,425 2,914
30,505 32,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 43,394 47,643

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,867 23,530

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 48,545 53,060

The loan is secured by a charge over the leasehold property.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,232 1,066

MBH WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06818615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2023 1,066
Charge to Income Statement during year 166
Balance at 30th June 2024 1,232

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary A £1 85 85
60 Ordinary B £1 60 60
25 Ordinary C £1 25 25
170 170

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MBH WEALTH MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MBH Wealth Management Limited for the year ended 30th June 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that MBH Wealth Management 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 MBH Wealth Management Limited. You consider that MBH Wealth Management 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 financial statements of MBH Wealth Management 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.






Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


8th August 2024