ETHCO MP LTD

Company Registration Number:
13578279 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

ETHCO MP LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

ETHCO MP LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets: 3 3,816,000 3,852,000
Tangible assets: 4 5,000 0
Investments: 5 316,890 316,890
Total fixed assets: 4,137,890 4,168,890
Current assets
Cash at bank and in hand: 13,275 51,993
Total current assets: 13,275 51,993
Creditors: amounts falling due within one year: 6 (356,288) (364,630)
Net current assets (liabilities): (343,013) (312,637)
Total assets less current liabilities: 3,794,977 3,856,353
Creditors: amounts falling due after more than one year: 7 (3,780,000) (3,816,000)
Total net assets (liabilities): 14,977 40,353
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 14,877 40,253
Shareholders funds: 14,977 40,353

The notes form part of these financial statements

ETHCO MP LTD

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2025
and signed on behalf of the board by:

Name: Matthew Hall
Status: Director

The notes form part of these financial statements

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided on a straight-line basis in order to write off each asset over its estimated useful life.

Valuation and information policy

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Other accounting policies

Rentals paid under leases are charged to profit or loss on a straight line basis over the period of the lease.

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 1 0

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible Assets

Total
Cost £
At 01 September 2023 3,852,000
At 31 August 2024 3,852,000
Amortisation
At 01 September 2023 0
Charge for year 36,000
At 31 August 2024 36,000
Net book value
At 31 August 2024 3,816,000
At 31 August 2023 3,852,000

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible Assets

Total
Cost £
At 01 September 2023 0
Additions 5,000
At 31 August 2024 5,000
Depreciation
At 01 September 2023 0
At 31 August 2024 0
Net book value
At 31 August 2024 5,000
At 31 August 2023 0

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Fixed investments

Fair value at 31.08.2024 £316890

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 £ £ Finance leases 36,000 36,000 Taxation and social security - 3,049 Other creditors 320,288 325,581 356,288 364,630

ETHCO MP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

Repayable by instalments - leases £3,780,000