MH ADVISORY SERVICES LTD

Company Registration Number:
09571526 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MH ADVISORY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

MH ADVISORY SERVICES LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 500 0
Investments: 4 115,649 106,946
Total fixed assets: 116,149 106,946
Current assets
Debtors: 5 73,400 60,100
Cash at bank and in hand: 200,029 353,191
Total current assets: 273,429 413,291
Creditors: amounts falling due within one year: 6 (113,516) (103,640)
Net current assets (liabilities): 159,913 309,651
Total assets less current liabilities: 276,062 416,597
Total net assets (liabilities): 276,062 416,597
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 275,862 416,397
Shareholders funds: 276,062 416,597

The notes form part of these financial statements

MH ADVISORY SERVICES LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: Michael Hyltoft
Status: Director

The notes form part of these financial statements

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Office equipment and computers - 33% straight line.

Other accounting policies

Investments Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 1,307
Additions 749
Disposals (408)
At 31 May 2024 1,648
Depreciation
At 01 June 2023 1,307
Charge for year 249
On disposals (408)
At 31 May 2024 1,148
Net book value
At 31 May 2024 500
At 31 May 2023 0

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Cost at 1 June 2023 - £106,946 Additions - unlisted - £8,703 At 31 May 2024 - £115,649

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

Trade debtors - £13,400 (2023 - £Nil), Other debtors - £60,000 (2023 - £60,100).

MH ADVISORY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

Corporation tax - £9,220 (2023 - £4,839). Other taxes and social security - £2,715 (2023 - £Nil). Other creditors - £101,581 (2023 - £98,801).