Company No:
Contents
DIRECTOR | Marc Etherington |
REGISTERED OFFICE | Treviot House |
186-192 High Road | |
Ilford | |
IG1 1LR | |
United Kingdom |
COMPANY NUMBER | 12215229 (England and Wales) |
ACCOUNTANT | Gravita Essex Limited |
Treviot House | |
186-192 High Road | |
Ilford | |
Essex | |
IG1 1LR | |
United Kingdom |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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1,312 | 688 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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460,030 | 356,737 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 351,817 | 258,489 | ||
Total assets less current liabilities | 353,129 | 259,177 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of MJ Etherington Holdings Limited (registered number:
Marc Etherington
Director |
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.
MJ Etherington 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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 January 2024 |
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Additions |
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At 31 December 2024 |
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Carrying value at 31 December 2024 |
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Carrying value at 31 December 2023 |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings | (
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Amounts owed to Group undertakings |
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Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans |
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Transactions with the entity's director
2024 | 2023 | ||
£ | £ | ||
Amounts advanced | 105,429 | 75,448 | |
Amounts repaid | (131,500) | (85,208) |
At the year end the balance owed from the company to the directors was £35,831 (2023: £9,760). Interest is charged on loans at the official rate set by HMRC. Loans are repayable on demand.