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Registered number: 13884675






MKC WEALTH EBT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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MKC WEALTH EBT LIMITED
REGISTERED NUMBER:13884675

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
26
26

  
26
26

Current assets
  

Debtors: amounts falling due within one year
 5 
25
20

  
25
20

Creditors: amounts falling due within one year
 6 
(2,130)
(2,125)

Net current liabilities
  
 
 
(2,105)
 
 
(2,105)

Total assets less current liabilities
  
(2,079)
(2,079)

  

Net liabilities
  
(2,079)
(2,079)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(2,080)
(2,080)

  
(2,079)
(2,079)


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MKC WEALTH EBT LIMITED
REGISTERED NUMBER:13884675
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D J Cowland
Director

Date: 6 June 2025

Page 2

 
MKC WEALTH EBT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MKC Wealth EBT Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Walsingham House, 35 Seething Lane, London, EC3N 4AH.
The Company's principal activity continued to be that of an employee benefit trust.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the net liabilites, due to the continuing support of its parent company.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 -5).

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MKC WEALTH EBT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
26



At 31 December 2023
26





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
25
20

25
20



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,106
2,106

Other creditors
24
19

2,130
2,125



7.


Controlling party

The parent company is Riviera Group Holdco Limited, a company registered in Jersey. The
registered office is 3rd Floor, 44 Esplanade, St Helier, Jersey, JE4 9WG.
The ultimate controlling party is CS Capital Partners V, L.P. by virtue of its majority shareholding in the
ultimate parent company, Riviera Group Holdco Limited.

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