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REGISTERED NUMBER: 03414456 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MEMBER HOLDINGS LIMITED

MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MEMBER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr Y A M Member





SECRETARY: Mr S A Member





REGISTERED OFFICE: 109 Coleman Road
Leicester
LE5 4LE





BUSINESS ADDRESS: 72 Forest Road
Leicester
LE5 0DG





REGISTERED NUMBER: 03414456 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,322 -
Investments 5 25,720 25,720
Investment property 6 5,360,730 5,644,789
5,406,772 5,670,509

CURRENT ASSETS
Debtors 7 163,449 81,822
Cash at bank 323,090 169,926
486,539 251,748
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

(2,516,133

)

(2,358,318

)
NET CURRENT LIABILITIES (2,029,594 ) (2,106,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,377,178

3,563,939

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

(699,271

)

(215,455

)
NET ASSETS 2,677,907 3,348,484

CAPITAL AND RESERVES
Called up share capital 10 750 750
Retained earnings 2,677,157 3,347,734
SHAREHOLDERS' FUNDS 2,677,907 3,348,484

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 director and authorised for issue on 17th September 2024 and were signed by:





Mr Y A M Member - Director


MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Member Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

INVESTMENTS
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st January 2023 83,033 3,500 86,533
Additions - 25,403 25,403
At 31st December 2023 83,033 28,903 111,936
DEPRECIATION
At 1st January 2023 83,033 3,500 86,533
Charge for year - 5,081 5,081
At 31st December 2023 83,033 8,581 91,614
NET BOOK VALUE
At 31st December 2023 - 20,322 20,322
At 31st December 2022 - - -

MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 900 24,820 25,720
NET BOOK VALUE
At 31st December 2023 900 24,820 25,720
At 31st December 2022 900 24,820 25,720

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 5,644,789
Additions 431,080
Revaluations (715,139 )
At 31st December 2023 5,360,730
NET BOOK VALUE
At 31st December 2023 5,360,730
At 31st December 2022 5,644,789

The director has considered the value of investment properties taking into account current use and conditions of properties and local market conditions prevailing at the balance sheet date. In the directors opinion the fair value of investment properties would be similar to the cost represented in the financial statement.

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2023 5,360,730

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 34,482 5,757
Amounts owed by group undertakings 126,000 70,000
Other debtors 2,967 6,065
163,449 81,822

MEMBER HOLDINGS LIMITED (REGISTERED NUMBER: 03414456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 26,223 17,922
Taxation and social security 91,778 107,312
Other creditors 2,398,132 2,233,084
2,516,133 2,358,318

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 699,271 215,455

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
900 Ordinary £1 750 750