Silverfin false false 30/04/2024 23/05/2023 30/04/2024 R Levison 23/05/2023 18 April 2025 The principal activity of the Company during the financial year was property investment. 14887545 2024-04-30 14887545 bus:Director1 2024-04-30 14887545 core:CurrentFinancialInstruments 2024-04-30 14887545 core:ShareCapital 2024-04-30 14887545 core:RetainedEarningsAccumulatedLosses 2024-04-30 14887545 2023-05-22 14887545 core:ImmediateParent core:CurrentFinancialInstruments 2024-04-30 14887545 bus:OrdinaryShareClass1 2024-04-30 14887545 2023-05-23 2024-04-30 14887545 bus:FilletedAccounts 2023-05-23 2024-04-30 14887545 bus:SmallEntities 2023-05-23 2024-04-30 14887545 bus:AuditExemptWithAccountantsReport 2023-05-23 2024-04-30 14887545 bus:PrivateLimitedCompanyLtd 2023-05-23 2024-04-30 14887545 bus:Director1 2023-05-23 2024-04-30 14887545 bus:OrdinaryShareClass1 2023-05-23 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14887545 (England and Wales)

MH3110 LIMITED

Unaudited Financial Statements
For the financial period from 23 May 2023 to 30 April 2024
Pages for filing with the registrar

MH3110 LIMITED

Unaudited Financial Statements

For the financial period from 23 May 2023 to 30 April 2024

Contents

MH3110 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
MH3110 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 30.04.2024
£
Fixed assets
Investment property 3 2,310,000
2,310,000
Current assets
Debtors 4 3,631
Cash at bank and in hand 88,055
91,686
Creditors: amounts falling due within one year 5 ( 2,334,266)
Net current liabilities (2,242,580)
Total assets less current liabilities 67,420
Net assets 67,420
Capital and reserves
Called-up share capital 6 100
Profit and loss account 67,320
Total shareholder's funds 67,420

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of MH3110 Limited (registered number: 14887545) were approved and authorised for issue by the Director. They were signed on its behalf by:

R Levison
Director

18 April 2025

MH3110 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 May 2023 to 30 April 2024
MH3110 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 May 2023 to 30 April 2024
1. Accounting policies

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

General information and basis of accounting

MH3110 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 35 Ballards Lane, London, N3 1XW, 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 £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length is from 23 May 2023 to 30 April 2024

Turnover

Turnover represents rent receivable during the period. Rental income is recognised in the period to which it relates.

Taxation

Current tax
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 Statement of Financial Position date.

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:

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
23.05.2023 to
30.04.2024
Number
Monthly average number of persons employed by the company during the period, including the director 1

3. Investment property

Investment property
£
Valuation
As at 23 May 2023 0
Additions 2,310,000
As at 30 April 2024 2,310,000

4. Debtors

30.04.2024
£
Other debtors 3,631

5. Creditors: amounts falling due within one year

30.04.2024
£
Amounts owed to parent undertakings 2,309,900
Taxation and social security 11,680
Other creditors 12,686
2,334,266

6. Called-up share capital

30.04.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation 100 Ordinary shares were issued at par.