MCFT Philippines 1 Limited |
Registered number: |
14126755 |
Balance Sheet |
as at 31 May 2024 |
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Notes |
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2024 |
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2023 |
£ |
£ |
Current assets |
Debtors |
4 |
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100 |
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100 |
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Net current assets |
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100 |
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100 |
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Net assets |
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100 |
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100 |
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Capital and reserves |
Called up share capital |
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100 |
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100 |
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Shareholders' funds |
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100 |
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100 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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….............................. |
C B Craggs |
Director |
Approved by the board on 30 April 2025 |
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MCFT Philippines 1 Limited |
Notes to the Accounts |
for the year ended 31 May 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company was non trading throughout the period. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Investments |
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Investments in subsidiary undertakings |
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The Company owns 99% of the share capital in MCFT Philippines Trading Inc a company incorporated in The Philippines whose principal activity is the maintenance of commercial refrigeration and catering equipment. |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
100 |
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100 |
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5 |
Controlling party |
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The immediate parent company is MCFT APAC Limited. The ultimate controlling party is the director C B Craggs by virtue of his 100% shareholding in the parent company. |
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6 |
Other information |
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MCFT Philippines 1 Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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B5 Westacott Business Centre |
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Westacott Way |
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Littlewick Green |
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Berkshire |
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SL6 3RT |