Silverfin false false 31/01/2024 01/02/2023 31/01/2024 K Mellor 21/11/2016 31 January 2024 The principal activity of the Company during the financial year was a non-trading holding company. 09587883 2024-01-31 09587883 bus:Director1 2024-01-31 09587883 2023-01-31 09587883 core:CurrentFinancialInstruments 2024-01-31 09587883 core:CurrentFinancialInstruments 2023-01-31 09587883 core:Non-currentFinancialInstruments 2024-01-31 09587883 core:Non-currentFinancialInstruments 2023-01-31 09587883 core:ShareCapital 2024-01-31 09587883 core:ShareCapital 2023-01-31 09587883 core:RetainedEarningsAccumulatedLosses 2024-01-31 09587883 core:RetainedEarningsAccumulatedLosses 2023-01-31 09587883 core:OtherPropertyPlantEquipment 2023-01-31 09587883 core:OtherPropertyPlantEquipment 2024-01-31 09587883 core:CostValuation 2023-01-31 09587883 core:CostValuation 2024-01-31 09587883 2023-02-01 2024-01-31 09587883 bus:FilletedAccounts 2023-02-01 2024-01-31 09587883 bus:SmallEntities 2023-02-01 2024-01-31 09587883 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09587883 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09587883 bus:Director1 2023-02-01 2024-01-31 09587883 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-01 2024-01-31 09587883 2022-02-01 2023-01-31 09587883 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 09587883 (England and Wales)

MME HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

MME HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

MME HOLDINGS LIMITED

BALANCE SHEET

As at 31 January 2024
MME HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 100,000 150,000
Investments 4 655,511 655,511
755,511 805,511
Current assets
Debtors 5 1 1
1 1
Creditors: amounts falling due within one year 6 ( 416,616) ( 363,807)
Net current liabilities (416,615) (363,806)
Total assets less current liabilities 338,896 441,705
Creditors: amounts falling due after more than one year 7 ( 41,848) ( 89,193)
Net assets 297,048 352,512
Capital and reserves
Called-up share capital 3 3
Profit and loss account 297,045 352,509
Total shareholder's funds 297,048 352,512

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of MME Holdings Limited (registered number: 09587883) were approved and authorised for issue by the Director on 31 January 2024. They were signed on its behalf by:

K Mellor
Director
MME HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
MME HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MME Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Airfield Road, Christchurch, BH23 3TG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the balance sheet showing an excess of net current liabilities, the accounts have been prepared on a going concern basis due to the ongoing financial support of the director.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 250,000 250,000
At 31 January 2024 250,000 250,000
Accumulated depreciation
At 01 February 2023 100,000 100,000
Charge for the financial year 50,000 50,000
At 31 January 2024 150,000 150,000
Net book value
At 31 January 2024 100,000 100,000
At 31 January 2023 150,000 150,000

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 655,511
At 31 January 2024 655,511
Carrying value at 31 January 2024 655,511
Carrying value at 31 January 2023 655,511

5. Debtors

2024 2023
£ £
Trade debtors 1 1

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 369,270 318,675
Obligations under finance leases and hire purchase contracts (secured) 47,346 45,132
416,616 363,807

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 41,848 89,193