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REGISTERED NUMBER: 12016702 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Mcdonnell'S Holdings Ltd

Mcdonnell'S Holdings Ltd (Registered number: 12016702)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mcdonnell'S Holdings Ltd

Company Information
for the Year Ended 30th June 2024







Directors: H A Ahmad
S Bhatia





Registered office: 10 Park Place
Manchester
Lancashire
M4 4EY





Registered number: 12016702 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Mcdonnell'S Holdings Ltd (Registered number: 12016702)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 1,467,523 1,467,523

Current assets
Debtors 5 153,876 334,905
Cash at bank 11 11
153,887 334,916
Net current assets 153,887 334,916
Total assets less current liabilities 1,621,410 1,802,439

Creditors
Amounts falling due after more than one
year

6

1,391,410

1,572,439
Net assets 230,000 230,000

Capital and reserves
Called up share capital 7 10,000 10,000
Retained earnings 220,000 220,000
Shareholders' funds 230,000 230,000

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

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

Mcdonnell'S Holdings Ltd (Registered number: 12016702)

Balance Sheet - continued
30th June 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 12th March 2025 and were signed on its behalf by:





S Bhatia - Director


Mcdonnell'S Holdings Ltd (Registered number: 12016702)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. Statutory information

Mcdonnell'S Holdings Ltd 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.

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

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. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1st July 2023
and 30th June 2024 1,467,523
Net book value
At 30th June 2024 1,467,523
At 30th June 2023 1,467,523

Mcdonnell'S Holdings Ltd (Registered number: 12016702)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


5. Debtors: amounts falling due after more than one year
2024 2023
£    £   
Trade debtors 153,876 334,905

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,019,102 1,097,482
Other creditors 372,308 474,957
1,391,410 1,572,439

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 237,334 339,983

Repayable by instalments
Bank loans more 5 yr by instal 1,019,102 1,097,482

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £100 10,000 10,000

8. Related party disclosures

At the year end loans made by a related party amounted to £237,334 (2023: £339,983).

At the year end loan made to a related party amounted to £153,876 (2023: £334,905).