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REGISTERED NUMBER: 08400612 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 December 2023

for

MFV NSE Limited

MFV NSE Limited (Registered number: 08400612)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MFV NSE Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: C J Yandell
A C Wyatt





REGISTERED OFFICE: Ground Floor
Beacon Tower
Colston Avenue
Bristol
BS1 4UB





REGISTERED NUMBER: 08400612 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

MFV NSE Limited (Registered number: 08400612)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,392 3,846

CURRENT ASSETS
Debtors 5 771,894 587,511
Cash at bank and in hand 403,665 179,088
1,175,559 766,599
CREDITORS
Amounts falling due within one year 6 852,362 827,297
NET CURRENT ASSETS/(LIABILITIES) 323,197 (60,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,589

(56,852

)

CREDITORS
Amounts falling due after more than one
year

7

489,393

502,441
NET LIABILITIES (164,804 ) (559,293 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (164,904 ) (559,393 )
(164,804 ) (559,293 )

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.

MFV NSE Limited (Registered number: 08400612)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





C J Yandell - Director


MFV NSE Limited (Registered number: 08400612)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

MFV NSE 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.

2. ACCOUNTING POLICIES

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

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis, the financial statements are prepared on a going concern basis.

Turnover
Turnover is the fair value of the consideration received or receivable for the sale of exhibition space and other related income, net of VAT. Income relating to a particular show is recognised in the financial period in which that show is held.

Cost of sales
Cost of sales are identified as relating to a particular show. These costs are expensed to the Income Statement in the financial period in which the show is held.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, 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.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

MFV NSE Limited (Registered number: 08400612)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,766 9,814 12,580
DEPRECIATION
At 1 January 2023 2,766 5,968 8,734
Charge for year - 2,454 2,454
At 31 December 2023 2,766 8,422 11,188
NET BOOK VALUE
At 31 December 2023 - 1,392 1,392
At 31 December 2022 - 3,846 3,846

MFV NSE Limited (Registered number: 08400612)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 274,169 303,004
Other debtors 497,725 284,507
771,894 587,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,932 8,333
Trade creditors 45,972 38,381
Taxation and social security 45,255 76,042
Other creditors 751,203 704,541
852,362 827,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 23,274 34,563
Other creditors 466,119 467,878
489,393 502,441