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REGISTERED NUMBER: 14486375 (England and Wales)








MB&H LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






MB&H LIMITED (REGISTERED NUMBER: 14486375)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MB&H LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: P R Martin
H M R Martin





REGISTERED OFFICE: Slyfield Green Industrial Estate
Westfield Road
Guildford
Surrey
GU1 1SB





REGISTERED NUMBER: 14486375 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

MB&H LIMITED (REGISTERED NUMBER: 14486375)

BALANCE SHEET
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 38,103 38,103
Investments 5 9,481,250 9,481,250
9,519,353 9,519,353

CURRENT ASSETS
Debtors 6 1,763,279 794,773
Cash at bank 100,150 -
1,863,429 794,773
CREDITORS
Amounts falling due within one year 7 (355,900 ) (177,745 )
NET CURRENT ASSETS 1,507,529 617,028
TOTAL ASSETS LESS CURRENT LIABILITIES 11,026,882 10,136,381

CAPITAL AND RESERVES
Called up share capital 6,011,082 6,011,082
Share premium 1,328,719 1,328,719
Retained earnings 3,687,081 2,796,580
11,026,882 10,136,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MB&H LIMITED (REGISTERED NUMBER: 14486375)

BALANCE SHEET - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





P R Martin - Director


MB&H LIMITED (REGISTERED NUMBER: 14486375)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

MB&H 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.

The prior year accounts were prepared for a 10 month period to bring the year end in line with the subsidiary company. Therefore, the comparative amounts in the financial statements, including the related notes, are not entirely comparable.

2. 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.

Preparation of consolidated financial statements
The financial statements contain information about MB&H Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Other income
Other operating income relates to dividends received from the subsidiary company.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and buildings2% on cost less residual value
Motor vehicles33.33% on cost less residual value

The residual value of the land and motor vehicles held are equal to the net book value.

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Investments in subsidiaries
Investments in subsidiary companies are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have any financial non-basic instruments.


MB&H LIMITED (REGISTERED NUMBER: 14486375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 10,603 27,500 38,103
NET BOOK VALUE
At 30 September 2024 10,603 27,500 38,103
At 30 September 2023 10,603 27,500 38,103

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 9,481,250
NET BOOK VALUE
At 30 September 2024 9,481,250
At 30 September 2023 9,481,250

MB&H LIMITED (REGISTERED NUMBER: 14486375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. FIXED ASSET INVESTMENTS - continued

Shares in group undertakings represents the investment in Kellys Removals & Transport (Guildford) Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 1,762,756 794,772
Other debtors 523 1
1,763,279 794,773

Amounts owed by group undertakings are receivable on demand and for this reason have been shown as receivable within one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 867 -
Other creditors 355,033 177,745
355,900 177,745

8. SECURED DEBTS

Barclays Bank PLC hold a fixed charge over all assets held by MB&H Limited. A floating charge is also held over all assets not secured by the fixed charge together with a negative pledge.

There are also cross guarantees and debentures held by Barclays Bank between the entities in the table below. These relate to a debt owed by Henry Walter Martin Limited, a company owned and controlled by The Martin Family Trust of which P R Martin is a beneficiary.

- Kelly's Removals & Transport (Guildford) Limited - MB&H Limited
- Kelly's Storage Limited - Henry Walter Martin Limited
- Kellys Self Storage Limited

9. RELATED PARTY DISCLOSURES

Kelly's Removals & Transport (Guildford) Limited
At the year end the company was owed £1,762,756 (2023: £794,772) by Kelly's Removals & Transport (Guildford) Limited, a company which P R Martin is also a director. This balance has been included within amounts owed by group undertakings.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Martin.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MB&H LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MB&H Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MB&H Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MB&H Limited and state those matters that we have agreed to state to the Board of Directors of MB&H Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MB&H Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MB&H Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MB&H Limited. You consider that MB&H Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MB&H Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than you, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


27 February 2025