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Company No: 12539733 (England and Wales)

MH JOINERY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

MH JOINERY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

MH JOINERY HOLDINGS LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
MH JOINERY HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,385,371 1,395,560
Investments 4 62,320 62,320
1,447,691 1,457,880
Current assets
Debtors 5 1 1
Cash at bank and in hand 1,000 1,000
1,001 1,001
Creditors: amounts falling due within one year 6 ( 1,000) ( 1,000)
Net current assets 1 1
Total assets less current liabilities 1,447,692 1,457,881
Net assets 1,447,692 1,457,881
Capital and reserves
Called-up share capital 7 62,321 62,321
Profit and loss account 1,385,371 1,395,560
Total shareholders' funds 1,447,692 1,457,881

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of MH Joinery Holdings Limited (registered number: 12539733) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Mr A J Saitch
Director
MH JOINERY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
MH JOINERY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MH Joinery Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 11 Parrett Way, Colley Lane Industrial Estate, Bridgwater,, Somerset, TA6 5LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2023 1,400,655 1,400,655
At 30 June 2024 1,400,655 1,400,655
Accumulated depreciation
At 01 July 2023 5,095 5,095
Charge for the financial year 10,189 10,189
At 30 June 2024 15,284 15,284
Net book value
At 30 June 2024 1,385,371 1,385,371
At 30 June 2023 1,395,560 1,395,560

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 62,320
At 30 June 2024 62,320
Carrying value at 30 June 2024 62,320
Carrying value at 30 June 2023 62,320

5. Debtors

2024 2023
£ £
Other debtors 1 1

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,000 1,000

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
62,321 Ordinary shares of £ 1.00 each 62,321 62,321

8. Related party transactions

During the period the company received a dividend of £nil (2023: £1,400,655) from M H Joinery Products Limited.

The freehold property is secured by way of a fixed and floating charge over the company's assets. The property was transferred under a cross guarantee arrangement with M H Products Limited.

At the period end the company owed £1,000 (2023: £1,000) to M H Joinery Products Limited.