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REGISTERED NUMBER: 07751873 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MFFH LIMITED

MFFH LIMITED (REGISTERED NUMBER: 07751873)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MFFH LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: K O'Shea
P Enright
D Ahern





SECRETARY: K O'Shea





REGISTERED OFFICE: Building 51
Third Avenue
Pensnett Estate
Kingswinford
West Midlands
DY6 7XE





REGISTERED NUMBER: 07751873 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

MFFH LIMITED (REGISTERED NUMBER: 07751873)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 876,410 876,410

CURRENT ASSETS
Debtors 6 28 28

CREDITORS
Amounts falling due within one year 7 836,238 836,238
NET CURRENT LIABILITIES (836,210 ) (836,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,200

40,200

CAPITAL AND RESERVES
Called up share capital 8 30,200 30,200
Capital redemption reserve 10,000 10,000
SHAREHOLDERS' FUNDS 40,200 40,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2024 and were signed on its behalf by:





P Enright - Director


MFFH LIMITED (REGISTERED NUMBER: 07751873)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

MFFH 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about MFFH 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 876,410
NET BOOK VALUE
At 31 December 2023 876,410
At 31 December 2022 876,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 28 28

MFFH LIMITED (REGISTERED NUMBER: 07751873)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 836,238 836,238

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 A Ordinary £1 30,000 30,000
200 B Ordinary £1 200 200
30,200 30,200

9. CONTINGENT LIABILITIES

On the 3 November 2011 the company entered into a cross-guarantee in favour of Barclays PLC, in respect of liabilities to the bank of Midsteel Flanges and Fittings Limited. At 31 December 2023 the net contingent liabilities under that guarantee amounted to £nil (2022 - £537,958).

10. ULTIMATE CONTROLLING PARTY

The Company is a wholly-owned subsidiary of Petrochem Process Pipeline UK Limited.

The company's ultimate parent company is KLK Limited, a company registered in Ireland. The largest group in which the results of the company are consolidated is that of KLK Limited, whose address is: Unit 31, Euro Business Park, Little Island, Co.Cork. Ireland,