Registered number
14126755
MCFT Philippines 1 Limited
Filleted Accounts
31 May 2024
MCFT Philippines 1 Limited
Registered number: 14126755
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 100 100
Net current assets 100 100
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Shareholders' funds 100 100
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.
…..............................
C B Craggs
Director
Approved by the board on 30 April 2025
MCFT Philippines 1 Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
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).
Turnover
The company was non trading throughout the period.
Investments
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Investments in subsidiary undertakings
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.
4 Debtors 2024 2023
£ £
Other debtors 100 100
5 Controlling party
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.
6 Other information
MCFT Philippines 1 Limited is a private company limited by shares and incorporated in England. Its registered office is:
B5 Westacott Business Centre
Westacott Way
Littlewick Green
Berkshire
SL6 3RT
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