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REGISTERED NUMBER: 12762877 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

M&B HOLDINGS AND INVESTMENTS LTD

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&B HOLDINGS AND INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M K Blunt
A G Goodchild





REGISTERED OFFICE: 13 Holmes Road
Reading
Berkshire
RG6 7BH





REGISTERED NUMBER: 12762877 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,305 39,065
Investments 5 1,980,000 3,462,061
2,009,305 3,501,126

CURRENT ASSETS
Debtors 6 1,130,256 1,945,319
Cash at bank 2,159,907 762,749
3,290,163 2,708,068
CREDITORS
Amounts falling due within one year 7 136,570 67,878
NET CURRENT ASSETS 3,153,593 2,640,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,162,898

6,141,316

PROVISIONS FOR LIABILITIES 7,326 9,766
NET ASSETS 5,155,572 6,131,550

CAPITAL AND RESERVES
Called up share capital 182 182
Share premium 3,444,656 3,444,656
Fair value reserve 8 (1,482,061 ) -
Retained earnings 3,192,795 2,686,712
5,155,572 6,131,550

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 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.

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by:





A G Goodchild - Director


M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

M&B Holdings and Investments 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 69,445
DEPRECIATION
At 1 August 2023 30,380
Charge for year 9,760
At 31 July 2024 40,140
NET BOOK VALUE
At 31 July 2024 29,305
At 31 July 2023 39,065

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 69,445
Transfer to ownership (69,445 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 30,380
Transfer to ownership (30,380 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 39,065

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 3,462,061
PROVISIONS

Diminution in value 1,482,061
At 31 July 2024 1,482,061
NET BOOK VALUE
At 31 July 2024 1,980,000
At 31 July 2023 3,462,061

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 12,467 -
Amounts owed by group undertakings - 847,791
Other debtors 162,789 542,257
175,256 1,390,048

Amounts falling due after more than one year:
Other debtors 955,000 555,271

Aggregate amounts 1,130,256 1,945,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 6,764
Taxation and social security 27,145 30,426
Other creditors 109,425 30,688
136,570 67,878

8. RESERVES
Fair
value
reserve
£   
Investment diminution (1,482,061 )

At 31 July 2024 (1,482,061 )

M&B HOLDINGS AND INVESTMENTS LTD (REGISTERED NUMBER: 12762877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
A G Goodchild
Balance outstanding at start of year 24,462 4,161
Amounts advanced 374 168,301
Amounts repaid (66,249 ) (148,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,413 ) 24,462

M K Blunt
Balance outstanding at start of year - -
Amounts advanced 42,000 -
Amounts repaid (103,186 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (61,186 ) -

Interest was declared on the director's overdrawn loan account at the HMRC official rate. This amounted to £374 (2023: £54) and is included within Interest receivable and similar income.

10. RELATED PARTY DISCLOSURES

M & B Holdings and Investments Ltd own 60% of Morris and Blunt Ltd. During the year the following transactions occurred:

Sales of £40,085 (2023 - £56,589) were received from Morris & Blunt Ltd.
Dividends of £600,000 (2023 - £210,000) were received from Morris & Blunt Ltd
Interest of £11,960 (2023 - £51,420) was receivable from Morris & Blunt Ltd.
Trade debtors of £12,467 (2023: - nil) was owed from Morris & Blunt Ltd

Included within Amounts owed by group undertakings is £nil (2023 - £847,791) due from Morris & Blunt Ltd.

On 19th August 24 M & B Holdings and Investments sold 20% holding in Morris and Blunt Ltd. The value received indicated a diminution in investment value of £1,482,061. This has been reflected in the profit and loss and fair value reserve.

11. ULTIMATE CONTROLLING PARTY

The company is ultimately jointly controlled by A Goodchild and M Blunt.