Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11falsetruefalse 09502766 2024-03-31 09502766 2023-04-01 2024-03-31 09502766 c:Director1 2023-04-01 2024-03-31 09502766 2023-04-01 09502766 2022-04-01 2023-03-31 09502766 2023-03-31 09502766 2022-04-01 09502766 d:OfficeEquipment 2023-04-01 2024-03-31 09502766 d:OfficeEquipment 2024-03-31 09502766 d:OfficeEquipment 2023-03-31 09502766 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09502766 d:CurrentFinancialInstruments 2024-03-31 09502766 d:CurrentFinancialInstruments 2023-03-31 09502766 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09502766 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09502766 d:ShareCapital 2024-03-31 09502766 d:ShareCapital 2023-03-31 09502766 d:RetainedEarningsAccumulatedLosses 2024-03-31 09502766 d:RetainedEarningsAccumulatedLosses 2023-03-31 09502766 c:FRS102 2023-04-01 2024-03-31 09502766 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09502766 c:FullAccounts 2023-04-01 2024-03-31 09502766 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09502766 2 2023-04-01 2024-03-31 09502766 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 09502766











MH FUND ADVISORS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
For the Year Ended 31 March 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
MH FUND ADVISORS LTD
Registered number:09502766

BALANCE SHEET
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,295
1,884

  
1,295
1,884

Current assets
  

Debtors: amounts falling due within one year
 5 
599,911
659,175

Cash at bank and in hand
  
384,701
156,712

  
984,612
815,887

Creditors: amounts falling due within one year
 6 
(258,765)
(138,687)

Net current assets
  
 
 
725,847
 
 
677,200

Total assets less current liabilities
  
727,142
679,084

  

Net assets
  
727,142
679,084


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
726,142
678,084

  
727,142
679,084


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.




Ms M Hart
Page 1

 
MH FUND ADVISORS LTD
Registered number:09502766
    
BALANCE SHEET (CONTINUED)
As at 31 March 2024

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MH FUND ADVISORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, Church Street, Reigate, Surrey, RH2 0AD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MH FUND ADVISORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MH FUND ADVISORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed asset





Office equipment

£



Cost or valuation


At 1 April 2023
3,110



At 31 March 2024

3,110



Depreciation


At 1 April 2023
1,226


Charge for the year on owned assets
589



At 31 March 2024

1,815



Net book value



At 31 March 2024
1,295



At 31 March 2023
1,884


5.


Debtors

2024
2023
£
£


Trade debtors
426,289
235,150

Other debtors
-
229,882

Prepayments and accrued income
173,622
194,143

599,911
659,175


Page 5

 
MH FUND ADVISORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
33
33

Corporation tax
216,223
115,244

Other taxation and social security
34,898
21,285

Other creditors
5,381
-

Accruals and deferred income
2,230
2,125

258,765
138,687



7.
Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:


2024

Balance brought forward 
Advances/(credits) to the director
Amounts repaid
Balance outstanding

£
£
£
£

Ms M Hart
229,881
373,640
(608,902)
(5,381)

2023

Balance brought forward 
Advances/(credits) to the director
Amounts repaid
Balance outstanding

£
£
£
£

Ms M Hart
(1,443)
233,000
(1,676)
229,881


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £nil (2023 - £22,000) . Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

The company was under the control of Ms M Hart throughout the current year and prior year. Ms
Hart is the managing director and majority shareholder. During the year Ms Hart incurred expenses
on behalf of the company, this was reimbursed throughout the year.
No other transactions with related parties were undertaken such as are required to be disclosed
under FRS 102.

 
Page 6