Company Registration Number
13995454
MHL CAPITAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 March 2024
REDBIRD ACCOUNTANTS LTD
Chartered Accountants & Chartered Certified Accountants
72 Evington Road
Leicester
LE2 1HH
MHL CAPITAL LIMITED
Registered number: 13995454
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,348,000 1,348,000
Current assets
Cash at bank and in hand 16,545 6,758
Creditors: amounts falling due within one year 4 (11,889) (3,647)
Net current assets 4,656 3,111
Total assets less current liabilities 1,352,656 1,351,111
Creditors: amounts falling due after more than one year 5 (184,500) (183,000)
Net assets 1,168,156 1,168,111
Capital and reserves
Called up share capital 1,168,000 200
Share premium - 1,167,800
Profit and loss account 156 111
Shareholders' funds 1,168,156 1,168,111
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Iqbal Lambat
Director
Approved by the board on 19 November 2024
MHL CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at relisable value and not depreciated.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
Additions -
At 31 March 2024 1,348,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 1,348,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,921 1,013
Taxation and social security costs 1,359 1,714
Other creditors 7,609 920
11,889 3,647
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 184,500 183,000
6 Other information
MHL CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
14 Hadstock Close
Leicester
LE5 0TT
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