12 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13309925 2023-04-01 2024-03-31 13309925 2024-03-31 13309925 2023-03-31 13309925 2022-04-01 2023-03-31 13309925 2023-03-31 13309925 2022-03-31 13309925 bus:Director2 2023-04-01 2024-03-31 13309925 core:WithinOneYear 2024-03-31 13309925 core:WithinOneYear 2023-03-31 13309925 core:ShareCapital 2024-03-31 13309925 core:ShareCapital 2023-03-31 13309925 core:RetainedEarningsAccumulatedLosses 2024-03-31 13309925 core:RetainedEarningsAccumulatedLosses 2023-03-31 13309925 bus:Director2 2023-03-31 13309925 bus:Director2 2022-03-31 13309925 bus:Director2 2023-03-31 13309925 bus:SmallEntities 2023-04-01 2024-03-31 13309925 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13309925 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13309925 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13309925 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13309925
MAFHF OFFICE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
MAFHF OFFICE LTD
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
10,216
1,159,221
Cash at bank and in hand
19,809
18,081
---------
-------------
30,025
1,177,302
Creditors: amounts falling due within one year
6
14,619
1,113,255
---------
-------------
Net current assets
15,406
64,047
---------
---------
Total assets less current liabilities
15,406
64,047
---------
---------
Net assets
15,406
64,047
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
15,405
64,046
---------
---------
Shareholders funds
15,406
64,047
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MAFHF OFFICE LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
HJ Wathen-Fayed
Director
Company registration number: 13309925
MAFHF OFFICE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Walgate Governance Limited, 16 Great Queen Street, London, WC2B 5DG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 15 ).
5. Debtors
2024
2023
£
£
Trade debtors
1,159,220
Other debtors
10,216
1
---------
-------------
10,216
1,159,221
---------
-------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,819
8,220
Accruals and deferred income
4,800
Corporation tax
8,171
Social security and other taxes
301,667
Director loan accounts
787,088
Other creditors
8,109
---------
-------------
14,619
1,113,255
---------
-------------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
HJ Wathen-Fayed
( 787,088)
787,088
----------
----------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
HJ Wathen-Fayed
( 787,088)
( 787,088)
----------
----
----------