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REGISTERED NUMBER: 05275180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MCV LIMITED

MCV LIMITED (REGISTERED NUMBER: 05275180)






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


MCV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr M C Vodden





SECRETARY: Mrs S J Vodden





REGISTERED OFFICE: 3 The Grove
Chipperfield Road
Kings Langley
WD4 9JF





REGISTERED NUMBER: 05275180 (England and Wales)





ACCOUNTANT: TBW Accountancy Limited
S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE

MCV LIMITED (REGISTERED NUMBER: 05275180)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 529,248 578,716
Investments 5 20,662,228 20,662,228
21,191,476 21,240,944

CURRENT ASSETS
Debtors 6 83,133 80,252
Cash at bank 177,178 56,131
260,311 136,383
CREDITORS
Amounts falling due within one year 7 15,835 1,238,359
NET CURRENT ASSETS/(LIABILITIES) 244,476 (1,101,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,435,952

20,138,968

CREDITORS
Amounts falling due after more than one
year

8

-

12,240
NET ASSETS 21,435,952 20,126,728

CAPITAL AND RESERVES
Called up share capital 200 200
Other reserves 10,554,423 10,554,423
Retained earnings 10,881,329 9,572,105
SHAREHOLDERS' FUNDS 21,435,952 20,126,728

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 director acknowledges his 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.

MCV LIMITED (REGISTERED NUMBER: 05275180)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





Mr M C Vodden - Director


MCV LIMITED (REGISTERED NUMBER: 05275180)

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

1. STATUTORY INFORMATION

MCV 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

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 MCV 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary undertakings are recognised at cost. Where a share for share exchange was part of the acquisition arrangement, the value of these values are included in cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


MCV LIMITED (REGISTERED NUMBER: 05275180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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 - 2 ).

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 October 2023
and 30 September 2024 193,371 278,100 80,540
DEPRECIATION
At 1 October 2023 - - 24,419
Charge for year - - 12,081
At 30 September 2024 - - 36,500
NET BOOK VALUE
At 30 September 2024 193,371 278,100 44,040
At 30 September 2023 193,371 278,100 56,121

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 36,051 37,492 105,422 730,976
DEPRECIATION
At 1 October 2023 34,412 29,450 63,979 152,260
Charge for year 5,408 5,624 26,355 49,468
At 30 September 2024 39,820 35,074 90,334 201,728
NET BOOK VALUE
At 30 September 2024 (3,769 ) 2,418 15,088 529,248
At 30 September 2023 1,639 8,042 41,443 578,716

MCV LIMITED (REGISTERED NUMBER: 05275180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 20,662,228
NET BOOK VALUE
At 30 September 2024 20,662,228
At 30 September 2023 20,662,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,445 248
Amounts owed by group undertakings 10,000 10,000
Loans 71,688 70,004
83,133 80,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,225,000
Hire purchase contracts 12,240 10,491
Trade creditors 245 20
VAT 828 1,319
Accruals and deferred income 2,522 1,529
15,835 1,238,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 12,240

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M C Vodden.