MDNP Holdings Limited Filleted Accounts Cover
MDNP Holdings Limited
Company No. 11052156
Information for Filing with The Registrar
31 December 2023
MDNP Holdings Limited Balance Sheet Registrar
at
31 December 2023
Company No.
11052156
Notes
2023
2022
As restated
£
£
Fixed assets
Investments
5
1,237,498808,562
1,237,498808,562
Current assets
Debtors
6
220220
Cash at bank and in hand
45,50985,893
45,72986,113
Creditors: Amount falling due within one year
7
(1,020,798)
(765,513)
Net current liabilities
(975,069)
(679,400)
Total assets less current liabilities
262,429129,162
Provisions for liabilities
Deferred taxation
(68,250)
(30,149)
Net assets
194,17999,013
Capital and reserves
Called up share capital
220220
Profit and loss account
9
193,95998,793
Total equity
194,17999,013
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 August 2024 and signed on its behalf by:
E.D.K. Mott
Director
30 August 2024
MDNP Holdings Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
MDNP Holdings Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11052156
Its registered office is:
Beeston Lodge
Beeston Lane
Spixworth
Norwich
NR10 3TN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Prior year adjustment
It was noted during the year that IT costs for the business that were personally paid for by the directors were omitted from the financial statements for the prior financial year.
IT costs of £9,845 have been recognised in the year to 31 December 2022.
4
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
5
Investments
Other investments
Total
£
£
Cost or valuation
At 1 January 2023
808,562
808,562
Additions
496,943
496,943
Revaluation
152,407
152,407
Disposals
(220,414)
(220,414)
At 31 December 2023
1,237,498
1,237,498
Provisions/Impairment
Net book values
At 31 December 2023
1,237,498
1,237,498
At 31 December 2022
808,562
808,562
6
Debtors
2023
2022
£
£
Other debtors
220220
220220
7
Creditors:
amounts falling due within one year
2023
2022
As restated
£
£
Non-equity preference shares
1,000,000750,000
Trade creditors
1313
Loans from directors
18,38514,389
Accruals and deferred income
2,4001,111
1,020,798765,513
8
Share Capital
The company has the following shares in issue, none of which are paid up at par: 120 Voting shares of £1 each, which hold no rights to profits or equity.
3,000 Ordinary A shares of £0.01 each
3,000 Ordinary B shares of £0.01 each
3,000 Ordinary C shares of £0.01 each
1,000 Ordinary M shares of £0.01 each
The various classes of Ordinary shares participate fully in the profits and equity of the company, but do not carry voting rights.
In addition to the above, there are 1,000,000 Non-voting preference shares of £1 each which are fully paid but presented with liabilities in accordance with paragraph 22.S(e) of FRS 102. The preference shares are redeemable at the option of the shareholder.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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