REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
14 DECEMBER 2022 TO 31 DECEMBER 2023 |
FOR |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
14 DECEMBER 2022 TO 31 DECEMBER 2023 |
FOR |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14540398) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 14 December 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED |
COMPANY INFORMATION |
for the period 14 December 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
One Eastwood |
Harry Weston Road |
Binley Business Park |
Coventry |
CV3 2UB |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14540398) |
BALANCE SHEET |
31 December 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium | 8 |
Retained earnings | 8 |
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 were approved by the Board of Directors and authorised for issue on |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14540398) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 14 December 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
The Mulholland Family Investment Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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. |
Listed investments |
Listed investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'Gain/loss on revaluation of assets' in the profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14540398) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 14 December 2022 to 31 December 2023 |
4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate | Listed |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
Additions | 17,909,060 |
Revaluations | 295,914 |
At 31 December 2023 | 18,204,974 |
NET BOOK VALUE |
At 31 December 2023 | 18,204,974 |
Cost or valuation at 31 December 2023 is represented by: |
Interest |
in |
associate | Listed |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2023 | - | 295,914 | 295,914 |
Cost | 10,450,000 | 7,459,060 | 17,909,060 |
10,450,000 | 7,754,974 | 18,204,974 |
Market value of listed investments at 31 December 2023 - £ 7,754,974 . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Tax |
Accrued expenses |
THE MULHOLLAND FAMILY INVESTMENT COMPANY |
LIMITED (REGISTERED NUMBER: 14540398) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 14 December 2022 to 31 December 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid number: |
Issued Class: |
Nominal Value: |
2023 |
£ |
50 | A Ordinary | £1 | 50 |
50 | B Ordinary | £1 | 50 |
300 | C Ordinary | £1 | 300 |
300 | D Ordinary | £1 | 300 |
300 | E Ordinary | £1 | 300 |
1,000 |
Each share is entitled to one vote in any circumstances, but this is subject to overriding restrictions in the Articles and the Shareholders Agreement. Each share ranks pari passu with all ordinary shares of all classes in respect of dividend payments, subject to restrictions in the Articles. Each share is entitled to participate equally in a distribution arising from a winding up or sale of the company. |
8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
Profit for the period |
Share for share issue | - | 10,501,250 | 10,501,250 |
At 31 December 2023 | 18,319,004 |