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Company registration number: 09574815







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


MBO HOLDINGS LIMITED






































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MBO HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
T G Armstrong 
M P Daly 




Company secretary
T G Armstrong



Registered number
09574815



Registered office
Sterling Court
Norton Road

Stevenage

Hertfordshire

SG1 2JY




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP





 


MBO HOLDINGS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


MBO HOLDINGS LIMITED
REGISTERED NUMBER:09574815



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,495,372
3,495,372

  
3,495,372
3,495,372

Current assets
  

Debtors: amounts falling due within one year
 5 
36,000
39,667

Cash at bank and in hand
  
82,661
27,196

  
118,661
66,863

Creditors: amounts falling due within one year
 6 
(91,294)
(46,176)

Net current assets
  
 
 
27,367
 
 
20,687

Total assets less current liabilities
  
3,522,739
3,516,059

  

Net assets
  
3,522,739
3,516,059


Capital and reserves
  

Called up share capital 
 7 
400,000
400,000

Profit and loss account
  
3,122,739
3,116,059

  
3,522,739
3,516,059


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 by: 




................................................
T G Armstrong
Director

Date: 6 February 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


MBO HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

MBO Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. Revenue from a contract to provide services is recognised in the period in which the services are provided.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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 reporting date in the countries where the Company operates and generates income.


Page 2

 


MBO HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
3,495,372



At 30 June 2024
3,495,372




Page 3

 


MBO HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
36,000
39,667

36,000
39,667



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
444

Corporation tax
69,603
25,045

Other taxation and social security
17,469
18,977

Other creditors
4,222
1,710

91,294
46,176



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000,000 (2023 - 1,000,000) A Ordinary 10p Shares shares of £0.10 each
100,000
100,000
1,000,000 (2023 - 1,000,000) B Ordinary 10p Shares shares of £0.10 each
100,000
100,000
1,000,000 (2023 - 1,000,000) C Ordinary 10p Shares shares of £0.10 each
100,000
100,000
1,000,000 (2023 - 1,000,000) D Ordinary 10p Shares shares of £0.10 each
100,000
100,000

400,000

400,000



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 £29,256 (2023 - £25,384).

Page 4

 


MBO HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,000
9,952

8,000
9,952


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 18 February 2025 by J E Fox (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5