REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st July 2024 |
for |
MFH Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st July 2024 |
for |
MFH Holdings Limited |
MFH Holdings Limited (Registered number: 01799630) |
Contents of the Financial Statements |
for the Year Ended 31st July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MFH Holdings Limited |
Company Information |
for the Year Ended 31st July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
MFH Holdings Limited (Registered number: 01799630) |
Statement of Financial Position |
31st July 2024 |
31/7/24 | 31/7/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
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. |
MFH Holdings Limited (Registered number: 01799630) |
Statement of Financial Position - continued |
31st July 2024 |
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 |
MFH Holdings Limited (Registered number: 01799630) |
Notes to the Financial Statements |
for the Year Ended 31st July 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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. |
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. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st August 2023 |
and 31st July 2024 |
DEPRECIATION |
At 1st August 2023 |
and 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
MFH Holdings Limited (Registered number: 01799630) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2024 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1st August 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
Cost or valuation at 31st July 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2015 | 112,887 |
Valuation in 2016 | 6,006 |
Valuation in 2017 | 230,741 |
Valuation in 2018 | 184,953 |
Valuation in 2019 | 82,533 |
Valuation in 2020 | 17,648 |
Valuation in 2021 | 486,187 |
Valuation in 2022 | (293,437 | ) |
Valuation in 2023 | 154,008 |
Valuation in 2024 | 387,561 |
Cost | 797,634 |
2,166,721 |
MFH Holdings Limited (Registered number: 01799630) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st August 2023 |
Disposals | ( |
) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
Fair value at 31st July 2024 is represented by: |
£ |
Valuation in 2017 | 26,670 |
If the property had not been revalued it would have been included at the following historical cost: |
31/7/24 | 31/7/23 |
£ | £ |
Cost | 253,330 | 253,330 |
The investment property was valued on an open market basis on 31st July 2019 by the directors . |
6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/7/24 | 31/7/23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/24 | 31/7/23 |
£ | £ |
Tax |
Directors' current accounts | 3,804 | 24,868 |
Accrued expenses |
MFH Holdings Limited (Registered number: 01799630) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2024 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1st August 2023 |
and 31st July 2024 |