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REGISTERED NUMBER: 01799630 (England and Wales)















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: Miss S A Moffat
Miss H C Moffat





REGISTERED OFFICE: The Studio
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 01799630 (England and Wales)






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 2,166,721 1,785,937
Investment property 5 - 280,000
2,166,721 2,065,937

CURRENT ASSETS
Debtors 6 125,000 -
Cash at bank 70,927 20,271
195,927 20,271
CREDITORS
Amounts falling due within one year 7 14,086 32,481
NET CURRENT ASSETS/(LIABILITIES) 181,841 (12,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,348,562

2,053,727

CAPITAL AND RESERVES
Called up share capital 26,002 26,002
Revaluation reserve 8 45,679 45,679
Retained earnings 2,276,881 1,982,046
2,348,562 2,053,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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.

MFH Holdings Limited (Registered number: 01799630)

Statement of Financial Position - continued
31st July 2024


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 29th October 2024 and were signed on its behalf by:





Miss S A Moffat - Director


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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on 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.

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 2 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st August 2023
and 31st July 2024 4,161 2,570 4,364 11,095
DEPRECIATION
At 1st August 2023
and 31st July 2024 4,161 2,570 4,364 11,095
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 1,785,937
Additions 83,121
Disposals (105,644 )
Revaluations 403,307
At 31st July 2024 2,166,721
NET BOOK VALUE
At 31st July 2024 2,166,721
At 31st July 2023 1,785,937

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 280,000
Disposals (280,000 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 280,000

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 125,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Tax 5,180 2,513
Directors' current accounts 3,804 24,868
Accrued expenses 5,102 5,100
14,086 32,481

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 45,679