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REGISTERED NUMBER: 08371821 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Frankley MBI Limited

Frankley MBI Limited (Registered number: 08371821)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frankley MBI Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs L J Cringle





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08371821 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

Frankley MBI Limited (Registered number: 08371821)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 768,488 799,488

CURRENT ASSETS
Debtors 5 149,684 80,920
Cash at bank 27,799 18,520
177,483 99,440
CREDITORS
Amounts falling due within one year 6 12,467 1,713
NET CURRENT ASSETS 165,016 97,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

933,504

897,215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 933,404 897,115
SHAREHOLDERS' FUNDS 933,504 897,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 6 March 2025 and were signed by:





L Cringle - Director


Frankley MBI Limited (Registered number: 08371821)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Frankley MBI Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08371821 and the registered office is 116 Duke Street, Liverpool, L1 5JW.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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

Investments in subsidiaries
Investments in subsidiaries are recognised at cost less any provisions for impairment.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

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).

Frankley MBI Limited (Registered number: 08371821)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023 799,488
Disposals (31,000 )
At 31 July 2024 768,488
NET BOOK VALUE
At 31 July 2024 768,488
At 31 July 2023 799,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by participating interests 37,053 381
Other debtors 112,631 80,539
149,684 80,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to participating interests - 1,713
Taxation and social security 12,263 -
Other creditors 204 -
12,467 1,713

7. RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date was a balance of £111,909 (2023 - £80,538) owing from director L Cringle. Interest has been charged at commercial rates.



8. ULTIMATE CONTROLLING PARTY

The controlling party is L Cringle.