Company registration number 08765845 (England and Wales)
MNH GRP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MNH GRP LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
MNH GRP LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
Unaudited
2023
2022
as restated
Notes
£
£
£
£
Non-current assets
Investments
3
690,719
690,719
Current assets
Trade and other receivables
5
54,752
60,747
Cash and cash equivalents
77
75
54,829
60,822
Current liabilities
6
-
(5,995)
Net current assets
54,829
54,827
Net assets
745,548
745,546
Equity
Called up share capital
7
503
501
Retained earnings
745,045
745,045
Total equity
745,548
745,546

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
Mr K Peat
Director
Company registration number 08765845 (England and Wales)
MNH GRP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

MNH GRP Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Rowfant Business Park, Wallage Lane, Rowfant, West Sussex, RH10 4NQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the likely future cashflows of the business and have considered the balance sheet and the group facilities available at this point in time.true

1.3
Non-current investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including other payables and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

MNH GRP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during was 3 (2022 - 2)

3
Fixed asset investments
Unaudited
2023
2022
£
£
Shares in group undertakings and participating interests
690,719
690,719
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
MNH Sustainable Cabin Services Ltd
Rowfant Business Park, Wallage Lane, Rowfant, West Sussex, RH10 4NQ.
A & B Ordinary
100.00
MNH Management Services Ltd
Rowfant Business Park, Wallage Lane, Rowfant, West Sussex, RH10 4NQ.
Ordinary
100.00
MNH Sustainable Cabin Services Pty Ltd
62-64 Burwood Road, Burwood, NSW 2134, Australia.
Ordinary
100.00
MNH Global Laundry Services Pty Ltd
62-64 Burwood Road, Burwood, NSW 2134, Australia.
Ordinary
100.00
MNH Global Laundry Services Inc
1300-1969 Upper Water Street, Halifax NS, B3J 3R7, Canada.
Ordinary
100.00
5
Trade and other receivables
Unaudited
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
54,752
60,747

 

MNH GRP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
6
Current liabilities
Unaudited
2023
2022
as restated
£
£
Amounts owed to group undertakings
-
0
5,995
7
Called up share capital
Unaudited
2023
2022
£
£
Ordinary share capital
Issued and fully paid
17,500 A Ordinary shares of 1p each
175
175
15,000 B Ordinary shares of 1p each
150
150
17,500 C Ordinary shares of 1p each
175
175
100 (2022: 1) O Ordinary shares of 1p each
1
1
100 (2022: 0) P Ordinary shares of 1p each
1
-
100 (2022: 0) M Ordinary shares of 1p each
1
-
503
501

The A, B & C ordinary shares carry full voting rights, rights to any dividends declared and rights to distribution on winding up.

 

The O ordinary shares carry no voting rights, no rights to any dividends declared but do give rights to distribution on winding up.

 

During the year, 100 M ordinary shares & 100 P ordinary shares were allotted. Both share types carry no voting rights, no rights to any dividends declared but do give rights to distribution on winding up.

 

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

 

Other matter

The financial statements for the year ended 31 December 2022 were unaudited.

Senior Statutory Auditor:
Michael Wesley FCA
Statutory Auditor:
Azets Audit Services
MNH GRP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
9
Prior period adjustment
Reconciliation of changes in equity
1 January
31 December
2022
2022
Notes
£
£
Adjustments to prior year
Adjustments to other payables
a
95,000
95,000
Equity as previously reported
374,951
650,546
Equity as adjusted
469,951
745,546
Analysis of the effect upon equity
Retained earnings
95,000
95,000
Notes to reconciliation
Adjustments to other payables

a) During the period ended 30 June 2021, the company received dividends from its subsidiary undertakings. It has been determined that the dividend income has been incorrectly recognised during the period ended 30 June 2021. A prior period adjustment decreasing the value of other payables and increasing the value of opening retained earnings by £95,000 has been made.

10
Parent company

The immediate parent company is Linstol MNH Limited, incorporated in England and Wales. The registered office is Beech House North East Wing, Ancells Road, Fleet, Hampshire, GU51 2UN.

 

The parent of the largest group for which consolidated financial statements are prepared is Linstol UK Limited, incorporated in England and Wales. The registered office is Beech House North East Wing, Ancells Road, Fleet, Hampshire, GU51 2UN.

 

The ultimate parent entity is The Jerrylin M. Hoffmann Trust, registered in the United States of America. The registered office is 825 Green Bay Road, Wilmette, IL 60091, United States of America.

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