MML HOLDCO 7 LTD

Company Registration Number:
11842850 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MML HOLDCO 7 LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MML HOLDCO 7 LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The Company's principal activity is to provide management services.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Ian Scott Wallis
Balbinder Singh Johal


The director shown below has held office during the period of
1 January 2023 to 6 September 2023

Roderick Hilary Brooks


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 April 2024

And signed on behalf of the board by:
Name: Ian Scott Wallis
Status: Director

MML HOLDCO 7 LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 3,943,844 5,538,737
Gross profit(or loss): 3,943,844 5,538,737
Administrative expenses: ( 3,899,839 ) ( 3,845,200 )
Other operating income: 446,693 1,035,648
Operating profit(or loss): 490,698 2,729,185
Interest payable and similar charges: ( 132,350 ) ( 62,798 )
Profit(or loss) before tax: 358,348 2,666,387
Tax: ( 27,952 ) ( 503,580 )
Profit(or loss) for the financial year: 330,396 2,162,807

MML HOLDCO 7 LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 233,705 202,572
Investments: 4 84,034 2,672,819
Total fixed assets: 317,739 2,875,391
Current assets
Debtors: 5 1,436,807 3,891,804
Cash at bank and in hand: 1,848,536 8,872,937
Total current assets: 3,285,343 12,764,741
Creditors: amounts falling due within one year: 6 ( 1,078,230 ) ( 1,982,834 )
Net current assets (liabilities): 2,207,113 10,781,907
Total assets less current liabilities: 2,524,852 13,657,298
Creditors: amounts falling due after more than one year: 7 0 ( 1,937,792 )
Provision for liabilities: ( 203,363 )
Total net assets (liabilities): 2,524,852 11,516,143
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,524,851 11,516,142
Total Shareholders' funds: 2,524,852 11,516,143

The notes form part of these financial statements

MML HOLDCO 7 LTD

Balance sheet statements

For the year ending 31 December 2023 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.

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

This report was approved by the board of directors on 23 April 2024
and signed on behalf of the board by:

Name: Ian Scott Wallis
Status: Director

The notes form part of these financial statements

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied. the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Long-term leasehold property straight line over the term of the lease Fixtures and fittings straight line over the term of the lease Office equipment 33% on cost The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 16 15

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 200,509 1,090 115,557 317,156
Additions 97,539 20,498 37,630 155,667
Disposals
Revaluations
Transfers
At 31 December 2023 298,048 21,588 153,187 472,823
Depreciation
At 1 January 2023 76,726 798 37,060 114,584
Charge for year 78,431 7,431 38,672 124,534
On disposals
Other adjustments
At 31 December 2023 155,157 8,229 75,732 239,118
Net book value
At 31 December 2023 142,891 13,359 77,455 233,705
At 31 December 2022 123,783 292 78,497 202,572

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

None

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 597,331 2,800,197
Prepayments and accrued income 258,084 146,900
Other debtors 581,392 944,707
Total 1,436,807 3,891,804
Debtors due after more than one year: 468,885 871,705

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 329,102 310,277
Taxation and social security 314,208 359,651
Accruals and deferred income 354,007 586,342
Other creditors 80,913 726,564
Total 1,078,230 1,982,834

MML HOLDCO 7 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 1,937,792
Other creditors 0 0
Total 0 1,937,792