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REGISTERED NUMBER: 06172263 (England and Wales)



Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Clifford Mby Ltd

Clifford Mby Ltd (Registered number: 06172263)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5

Certified Accountants' Report 8

Clifford Mby Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Dr Christian Mbonu Okoli





SECRETARY: Mrs Adaeze Okoli





REGISTERED OFFICE: 9 Greenacre Park
Low Fell
Gateshead
Tyne and Wear
NE9 6HF





REGISTERED NUMBER: 06172263 (England and Wales)





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Clifford Mby Ltd (Registered number: 06172263)

Report of the Director
for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of medical services, and other healthcare related activities, as well other viable business activities including stock market activities.

REVIEW OF BUSINESS
It gives me immense pleasure to write this report, not because of great financial gains in the last financial year, but because we have survived another financial year, with all the changes; government, government legislation and general economic difficulties.

Clifford Mby Limited has now been trading for 18 years and apart from a bounce back loan borrowed during COVID-19 pandemic and a £10,000 overdraft, we have continued to trade successfully.
It is however unfortunate that we are yet to scale up the business in the context of venturing into supported living, expanding into more healthcare service provisions and trying out other new ventures.

The business would like to request the consultancy services of Argon & Krypton consulting, to support us on how best to scale up the business sensibly and pragmatically. Please can this be arranged as soon as possible.
It would be desirable for the business to employ more staff as it expands and reduce the burden on the Managing Director, as the sole revenue generator for the business.

Having said that, the aspiration and goals of this financial year would be to consolidate the gains made last financial year and conclude any investment ventures, started in the last financial year.
I would like to express my sincere appreciation to the Managing Partner and his Team for providing very timely payroll services, prompts to provide documentation required to maintain the seamless operations of this business.

Thanks for your efficient services to the business over the years.

DIRECTOR
Dr Christian Mbonu Okoli held office during the whole of the period from 1 April 2024 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.3.25 1.4.24
Ordinary shares of £1 each 551 551

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr Christian Mbonu Okoli - Director


6 May 2025

Clifford Mby Ltd (Registered number: 06172263)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Other Investments 5 77,060 34,824
77,060 34,824

CURRENT ASSETS
Cash at bank 73,826 63,713

CREDITORS
Amounts falling due within one year 6 53,651 22,707
NET CURRENT ASSETS 20,175 41,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,235

75,830

CREDITORS
Amounts falling due after more than one
year

7

(1,526

)

(3,198

)

ACCRUALS AND DEFERRED INCOME (31 ) (15,878 )
NET ASSETS 95,678 56,754

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 94,678 55,754
SHAREHOLDERS' FUNDS 95,678 56,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Clifford Mby Ltd (Registered number: 06172263)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 6 May 2025 and were signed by:





Dr Christian Mbonu Okoli - Director


Clifford Mby Ltd (Registered number: 06172263)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Clifford Mby 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Clifford Mby Ltd (Registered number: 06172263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 4,120
DEPRECIATION
At 1 April 2024
and 31 March 2025 4,120
NET BOOK VALUE
At 31 March 2025 -

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 1 April 2024 34,824
Additions 42,236
At 31 March 2025 77,060
NET BOOK VALUE
At 31 March 2025 77,060
At 31 March 2024 34,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 3,722 2,237
Corporation Tax 32,410 2,951
Accrued expenses 17,519 17,519
53,651 22,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Loans 1,526 3,198

Clifford Mby Ltd (Registered number: 06172263)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. RESERVES
Retained
earnings
£   

At 1 April 2024 55,754
Profit for the year 103,924
Dividends (65,000 )
At 31 March 2025 94,678

Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Clifford Mby Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clifford Mby Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Clifford Mby Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clifford Mby Ltd and state those matters that we have agreed to state to the director of Clifford Mby Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Clifford Mby Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clifford Mby Ltd. You consider that Clifford Mby Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clifford Mby Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ


6 May 2025