REGISTERED NUMBER: 07846774 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MH 4 LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Statement of Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

M C Healy

Mrs E L Healy

REGISTERED OFFICE:

Bayford House

Bayford

Hertfordshire

SG13 8PX

REGISTERED NUMBER:

07846774 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jeffrey Oliver

AUDITORS:

Cook and Partners Limited

Chartered Accountants

and Registered Auditors

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

The groups full year trading results can be found on page 11 of the statutory accounts.

REVIEW OF BUSINESS

The review of business has been structure to show a review of each subsidiary separately.

MH 4 Limited

The main core activity of the company is to provide management services and financial assistance to its subsidiaries and to this end the company has enacted a group wide policy of voting all retained profits, save for £50k, of subsidiaries to the holding company.

The company is working on new ventures within the Medical Services sector, and other traditional recruitment services to compliment other subsidiary company activities. It is expected these ventures will be launched in 2024/25.

Evergood Associates Limited

This is the main trading company within the group and the company's main trading activity is that of recruitment within the health and social care sectors.

The post covid demand for health and social care services has resulted in significant growth as the UK reopened itself in the post-covid era. The past year has followed the path of 2022/23 with further sector pressure on demand, rates and margins.

The current trend within the health recruitment sector is for reduced profits and margins within the Government funded health sector. These reductions continue to be fuelled by both competition and the legislative environment which sees Government attempts to cap NHS spending continue. The business is now more equally exposed to the private health sector which has more sporadic demand albeit at rates and margins which are commercially advantageous.

Given the challenges noted above the director is pleased that the results for the year which were broadly as anticipated, and the results achieved reflect the ongoing efforts within the whole business team.

Turnover remains constant but the current market realities confirm that this has only been achieved at lower margins.

Margin has decreased from 29% to 16% which is in part due to the Governments continuing attempts to cap NHS spending and the company's strategic plan over the last 2 year of concentrating on volume over margin with a view to capturing greater market share and overall bottom line profitability. Results from 2022 to 2023 and again into 202

4 confirm this strategy is succeeding albeit leading to decreased margins. The company intends to stick with this strategy in the short term which it also hopes will help provide better value from its efforts to its primary client; the NHS

The decrease in margin has resulted in operating margin, excluding inter-company and one-off charges, decreasing from 10.7% in 2023 to 6.8% in 2024 and operating results decreasing to £669k in 2024 from £1.7m in 2023

One of the company's Key Performance Indicators is to keep debtor days within 90 days and the director is pleased to report that the company has achieved this target and debtor days for the year under review were 40 days compared to 57 days in 2023.

Cash generated during the year, excluding cash withdrawn by director shareholder and other group undertakings, increased by £503k.The director considers this to be the main key performance indicator which confirms the company's ability to convert operating profits into cash.

Current asset ratio, excluding directors' and inter-company balances, the current asset ratio has increased from 2.4:1 in 2023 to 3.5:1 for the year under review. Liquidity is not considered to be a significant issue given the group resources which are available to the business, and these are considered sufficient to ensure the company can continue to trade given current trading circumstances.

The company continues to meet its obligations and requirements in relation to the NHS, Private Hospitals and local authority contracts that are in place and has passed all compliance audits undertaken during the financial year 2024 and beyond. The company seeks to ensure compliance and good relationships with all stakeholders.

During the year under review the group has enacted a group wide policy to vote all retained profits, save for £50k, of the subsidiaries to the Holding company. This policy is to enable the holding company to have sufficient resources to support each of its subsidiaries.

Future Developments

The Director considers given the strength of the group's balance sheet, of which the company is a wholly owned subsidiary, and its continuing support of its subsidiaries, the internal structure and quality of the company's retained staff means that the company is perfectly placed to address the challenges of the upcoming year.

The Director is planning for the financial year 2025 to be a year of consolidation after a two-year period which has seen turnover more than double. If this result is attained, it will be a significant achievement.

Evergood Travel Limited

The company's main trading activity is as a bespoke tour operator concentrating mainly in the Middle East and North American markets.

The company reported a profit after taxation of £35k which is up from £28k in 2023.

The increase in profits is due to the hard work of staff in generating new business and retaining clients This company will hopefully organically grow as brand awareness builds, and as the company expands its franchise model.

Future Developments

The director considers given the strength of the group's balance sheet, of which the company is a majority owned subsidiary, and its continuing support of its subsidiaries, the operational structure of the company and the quality of its staff, that the company is perfectly pl aced to take advantage of any increases in demand for holidays in 2024/25.

The core business goal for 2025 to 2030 is to grow the franchise model of our fully ABTA and ATOL bonded brand.

Evergood Property Limited

The company's main trading activity is rental of residential properties within the UK and Ireland.

Evergood Property Limited experienced a solid year in terms of occupancy across its portfolio of properties. The company made a significant loss of £170k after a long term tenant was removed from a property which required a complete refit. The company took the opportunity to restore the property to its former glory incurring repairs and other incidental costs of £205k the refit was still ongoing at the year end so further costs are expected in 2025. The company looks forward to a return to profitability in 2024/25.

Future Developments

The profitability of the company remains under review and with cash deposit interest rates now higher, the Group will assess over the coming year whether the asset growth plus annual profit provides a better yield that cash at bank.

Evergood Money Limited

Evergood Money Limited did not trade during the financial year ended 2024.

Evergood Health and Social Care Limited

Evergood Health and Social Care Limited did not trade during the financial year ended 2024.

MH 4 Group

Other than as outlined above, the director does not consider that it is necessary, for an understanding of the development, performance or position of the group, to provide any further detailed key performance indicators, including those relating to environmental and employee matters.

Given the challenges noted above the director is pleased that the results for the year were broadly as anticipated, and the results achieved reflect the ongoing efforts within the whole business team.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties of each individual subsidiary are as follows:

Evergood Associates Limited

The company's operations expose it to financial risks that include, operational risk, credit risk and liquidity risk.

Operational risk

The Director considers contracts within the NHS framework, Private hospitals and with local authorities to be integral to the running of the business. The loss of these contracts could impact the business and is considered a significant operating risk to the business. The director is not aware of any indications that contracts will not be renewed as and when they fall due and the company ensures that it meets all its obligations and requirements under these contracts. There has been no history of problems in this area.

Credit risk

The company endeavours to check the credit worthiness of all of its customers and employs legal professionals to chase late paying debtors.

Liquidity risk

The company actively manages its working capital finance to ensure that it has sufficient funds for current operations and future plans, the holding company has significant funds in readily accessible cash and there is no reason to conclude that these funds will not be accessible to its subsidiaries.

Evergood Travel Limited

Operational risk

The major risk and uncertainty of the company is a further global pandemic. The director has mitigated this risk by reducing company costs and promoting a franchise model thereby devolving further personnel staff costs onto each franchisee.

Evergood Property Limited

Operational risk

The main risk are unforeseen costs associated to property maintenance outweighing the rental income derived. Nevertheless, given the Groups balance sheet and cash position, the damage this risk can pose to both the company and Group is not considered to be material. The director also seeks to mitigate risk by the diversity of its investment portfolio in different locations.

ON BEHALF OF THE BOARD:

M C Healy - Director

12 June 2025

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of recruitment consultants specialising in the supply of temporary doctors, nurses and other medical professionals through its subsidiary Evergood Associates Limited and the rental of residential properties through its subsidiary Evergood Property Limited.

DIVIDENDS

The total distribution of dividends for the year ended 30 September 2024 will be £ 493,125 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

M C Healy

Mrs E L Healy

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Cook and Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M C Healy - Director

12 June 2025

Opinion

We have audited the financial statements of MH 4 Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

- Financial reporting Standard 102

- Companies Act 2006

- UK General Data Protection Regulation

We assessed the risks of material misstatement in respect of fraud as follows:

- Discussed the risk of material misstatement due to irregularities, including fraud with management at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

- Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

- Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

- We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

- Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

- Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

- Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

- Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

- The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

- Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

- Further, at both the planning and completion stage of the audit enquiries where made of management regarding any known instances of fraud or non-compliance with laws and regulations

- These representations were corroborated where possible through the review of board minutes and correspondence with HMRC and companies house. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jeffrey Oliver (Senior Statutory Auditor)

for and on behalf of Cook and Partners Limited

Chartered Accountants

and Registered Auditors

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

12 June 2025

TURNOVER

17,290,075

17,260,996

Cost of sales

14,439,893

13,992,538

GROSS PROFIT

2,850,182

3,268,458

Administrative expenses

1,944,797

1,558,864

OPERATING PROFIT

4

905,385

1,709,594

Interest receivable and similar income

12,995

6,102

918,380

1,715,696

Interest payable and similar expenses

5

760

1,010

PROFIT BEFORE TAXATION

917,620

1,714,686

Tax on profit

6

237,431

378,751

PROFIT FOR THE FINANCIAL YEAR

680,189

1,335,935

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

680,189

1,335,935

Profit attributable to:

Owners of the parent

673,457

1,330,623

Non-controlling interests

6,732

5,312

680,189

1,335,935

Total comprehensive income attributable to:

Owners of the parent

673,458

1,330,623

Non-controlling interests

6,731

5,312

680,189

1,335,935

FIXED ASSETS

Tangible assets

9

25,708

24,217

Investments

10

18,127

18,127

Investment property

11

4,382,691

4,382,691

4,426,526

4,425,035

CURRENT ASSETS

Debtors

12

3,064,918

2,896,859

Cash at bank and in hand

831,373

1,157,123

3,896,291

4,053,982

CREDITORS

Amounts falling due within one year

13

1,269,258

1,571,538

NET CURRENT ASSETS

2,627,033

2,482,444

TOTAL ASSETS LESS CURRENT LIABILITIES

7,053,559

6,907,479

CREDITORS

Amounts falling due after more than one year

14

(15,000

)

(24,999

)

PROVISIONS FOR LIABILITIES

17

(293

)

(277

)

NET ASSETS

7,038,266

6,882,203

CAPITAL AND RESERVES

Called up share capital

18

200

200

Retained earnings

19

7,026,251

6,871,029

SHAREHOLDERS' FUNDS

7,026,451

6,871,229

NON-CONTROLLING INTERESTS

11,815

10,974

TOTAL EQUITY

7,038,266

6,882,203

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:

M C Healy - Director

FIXED ASSETS

Tangible assets

9

-

-

Investments

10

40,427

40,427

Investment property

11

-

-

40,427

40,427

CURRENT ASSETS

Debtors

12

6,642,864

6,239,811

Cash at bank and in hand

411,569

571,762

7,054,433

6,811,573

CREDITORS

Amounts falling due within one year

13

138,169

184,596

NET CURRENT ASSETS

6,916,264

6,626,977

TOTAL ASSETS LESS CURRENT LIABILITIES

6,956,691

6,667,404

CAPITAL AND RESERVES

Called up share capital

18

200

200

Retained earnings

6,956,491

6,667,204

SHAREHOLDERS' FUNDS

6,956,691

6,667,404

Company's profit for the financial year

782,412

1,270,918

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:

M C Healy - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 October 2022

200

6,265,036

6,265,236

10,032

6,275,268

Changes in equity

Dividends

-

(706,000

)

(706,000

)

-

(706,000

)

Minority dividends paid

-

(18,630

)

(18,630

)

(4,370

)

(23,000

)

Total comprehensive income

-

1,330,623

1,330,623

5,312

1,335,935

Balance at 30 September 2023

200

6,871,029

6,871,229

10,974

6,882,203

Changes in equity

Dividends

-

(493,125

)

(493,125

)

-

(493,125

)

Minority dividends paid

-

(25,110

)

(25,110

)

(5,890

)

(31,000

)

Total comprehensive income

-

673,457

673,457

6,731

680,188

Balance at 30 September 2024

200

7,026,251

7,026,451

11,815

7,038,266

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2022

200

6,102,286

6,102,486

Changes in equity

Dividends

-

(706,000

)

(706,000

)

Total comprehensive income

-

1,270,918

1,270,918

Balance at 30 September 2023

200

6,667,204

6,667,404

Changes in equity

Dividends

-

(493,125

)

(493,125

)

Total comprehensive income

-

782,412

782,412

Balance at 30 September 2024

200

6,956,491

6,956,691

Cash flows from operating activities

Cash generated from operations

1

625,022

1,371,742

Interest paid

(760

)

(1,010

)

Tax paid

(378,730

)

(267,661

)

Net cash from operating activities

245,532

1,103,071

Cash flows from investing activities

Purchase of tangible fixed assets

(8,316

)

(12,600

)

Purchase of fixed asset investments

-

(4,627

)

Interest received

12,995

6,102

Net cash from investing activities

4,679

(11,125

)

Cash flows from financing activities

Loan repayments in year

(10,000

)

(10,000

)

Amount introduced by directors

-

39,193

Amount withdrawn by directors

(41,836

)

-

Minority dividends paid

(31,000

)

(23,000

)

Equity dividends paid

(493,125

)

(706,000

)

Net cash from financing activities

(575,961

)

(699,807

)

(Decrease)/increase in cash and cash equivalents

(325,750

)

392,139

Cash and cash equivalents at beginning of year

2

1,157,123

764,984

Cash and cash equivalents at end of year

2

831,373

1,157,123

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

917,620

1,714,686

Depreciation charges

6,825

6,818

Finance costs

760

1,010

Finance income

(12,995

)

(6,102

)

912,210

1,716,412

Increase in trade and other debtors

(136,086

)

(541,225

)

(Decrease)/increase in trade and other creditors

(151,102

)

196,555

Cash generated from operations

625,022

1,371,742

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

831,373

1,157,123

Year ended 30 September 2023

30.9.23

1.10.22

£

£

Cash and cash equivalents

1,157,123

764,984

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23

Cash flow

At 30.9.24

£

£

£

Net cash

Cash at bank and in hand

1,157,123

(325,750

)

831,373

1,157,123

(325,750

)

831,373

Debt

Debts falling due within 1 year

(10,000

)

1

(9,999

)

Debts falling due after 1 year

(24,999

)

9,999

(15,000

)

(34,999

)

10,000

(24,999

)

Total

1,122,124

(315,750

)

806,374

1.	STATUTORY INFORMATION

MH 4 Limited 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated profit and loss account and balance sheet include the results of the company and its subsidiaries made up to 30th September 2024 on the following basis.

The accounts of the following subsidiary have been consolidated using the merger accounting method as permit by Section 19 of FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" as the group reconstruction on 20th March 2018 was such that the ultimate equity holders remained the same, and the rights of each equity holder, relative to the others, are unchanged.

Evergood Associates Limited

The following company has been consolidated from 20th June 2018 on an acquisition basis:

Evergood Travel Limited

The following companies have been consolidated from 22nd June 2018 the date the companies were incorporated:

Evergood Property Limited

Evergood Money Limited

The following company has been consolidated from 6th April 2022 on an acquisition basis

Evergood Health and Social Care Limited

Evergood Property Limited, registered in England and Wales number 11428327, is exempt from the requirements of the Companies Act relating to the audit of its accounts under section 479A of the Companies Act 2006.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.