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Registered number: 08228863










M. M. BELL & SONS (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
M. M. BELL & SONS (HOLDINGS) LIMITED
REGISTERED NUMBER:08228863

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
121,898
121,898

Current assets
  

Debtors: amounts falling due within one year
 6 
-
4,300

Cash at bank and in hand
  
72
65

  
72
4,365

Creditors: amounts falling due within one year
 7 
(92,240)
(60,521)

Net current liabilities
  
 
 
(92,168)
 
 
(56,156)

Total assets less current liabilities
  
29,730
65,742

Creditors: amounts falling due after more than one year
 8 
(25,341)
(61,358)

  

Net assets
  
4,389
4,384


Capital and reserves
  

Called up share capital 
  
95
95

Capital redemption reserve
  
5
5

Profit and loss account
  
4,289
4,284

  
4,389
4,384


Page 1

 
M. M. BELL & SONS (HOLDINGS) LIMITED
REGISTERED NUMBER:08228863
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 his 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 21 February 2025.




JC Fenton
Director

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

Page 2

 
M. M. BELL & SONS (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

M. M. Bell & Sons (Holdings) Limited is a private company, limited by shares, incorporated in England and Wales (registered number: 08228863). Its registered address is Units 4-6 Shepcote Enterprise Park, 2 3 Europa Drive, Sheffield, South Yorkshire, S9 1XT. The principal activity of the Company continued to be as a holding company.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.


 
2.5

Impairment of assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Page 3

 
M. M. BELL & SONS (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




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


4.


Exceptional items

2024
2023
£
£




Impairment loss
-
(307,548)


One of the company's subsidiaries entered a liquidation process on 3 January 2024. Based on the Statement of Affairs, it is not anticipated that the company will receive any future income from this subsidiary and therefore, full provision was made in the prior year in relation to the carrying value of the investment.

Page 4

 
M. M. BELL & SONS (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
121,898



At 31 December 2024
121,898





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
4,300



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
36,017
25,521

Amounts owed to group undertakings
20,752
-

Other creditors
35,471
35,000

92,240
60,521


The following liabilities were secured:

2024
2023
£
£



Bank loans
36,017
25,521

Details of security provided:

The bank loans of the company are secured by a fixed charge and a floating charge over all the property or undertaking of the company.

Page 5

 
M. M. BELL & SONS (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,341
61,358


The following liabilities were secured:

2024
2023
£
£



Bank loans
25,341
61,358

Details of security provided:

The bank loans of the company are secured by a fixed charge and a floating charge over all the property or undertaking of the company.


9.


Contingent liabilities

A cross guarantee exists with the company's subsidiary company, M. M. Bell & Sons Limited in respect of the bank borrowings of both companies.


10.


Controlling party

The direct and ultimate controlling party is the Company director, JC Fenton.

 
Page 6