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REGISTERED NUMBER: 10711758 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MKT Holdings Limited

MKT Holdings Limited (Registered number: 10711758)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MKT Holdings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Thompson
P Pattinson





REGISTERED OFFICE: 10 Bridge View
Henry Boot Way
Priory Park East
Hull
East Yorkshire
HU4 7DW





REGISTERED NUMBER: 10711758 (England and Wales)






MKT Holdings Limited (Registered number: 10711758)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 763,677 763,677

CURRENT ASSETS
Cash at bank 120 127

CREDITORS
Amounts falling due within one year 5 62,077 62,010
NET CURRENT LIABILITIES (61,957 ) (61,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,720

701,794

CREDITORS
Amounts falling due after more than one
year

6

218,718

275,344
NET ASSETS 483,002 426,450

CAPITAL AND RESERVES
Called up share capital 412 412
Retained earnings 482,590 426,038
483,002 426,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MKT Holdings Limited (Registered number: 10711758)

Balance Sheet - continued
30 November 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





M Thompson - Director


MKT Holdings Limited (Registered number: 10711758)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MKT Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about MKT Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MKT Holdings Limited (Registered number: 10711758)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 775,005
PROVISIONS
At 1 December 2022
and 30 November 2023 11,328
NET BOOK VALUE
At 30 November 2023 763,677
At 30 November 2022 763,677

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 7) 60,691 60,691
Other creditors 1,386 1,319
62,077 62,010

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 7) 218,718 275,344

7. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 60,691 60,691

Amounts falling due between one and two years:
Bank loans - 1-2 years 64,274 64,274

Amounts falling due between two and five years:
Bank loans - 2-5 years 154,444 211,070

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Michael Thompson, a director, has provided a personal guarantee in respect of the group bank loans limited to £620,000.

MKT Holdings Limited (Registered number: 10711758)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Thompson.