Company Registration No. 10145683 (England and Wales)
MCB Holdings UK Limited
Unaudited financial statements
for the year ended 30 June 2024
Pages for filing with the registrar
MCB Holdings UK Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
MCB Holdings UK Limited
Statement of financial position
As at 30 June 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
2,088,775
1,883,237
Current assets
Debtors
5
524,007
631,329
Cash at bank and in hand
3,603,888
2,771,938
4,127,895
3,403,267
Creditors: amounts falling due within one year
6
(139,964)
(298,573)
Net current assets
3,987,931
3,104,694
Net assets
6,076,706
4,987,931
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
6,076,705
4,987,930
Total equity
6,076,706
4,987,931

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 27 June 2025 and are signed on its behalf by:
Herwig De Bruyne
Director
Company Registration No. 10145683
MCB Holdings UK Limited
Notes to the financial statements
For the year ended 30 June 2024
2
1
Accounting policies
Company information

MCB Holdings UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion can be estimated reliably. The stage of completion is calculated by reference to the terms set out in the image rights contract.

Dividend income from investments is recognised when the shareholder's right to receive payment has been established.

1.3
Fixed asset investments

Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

 

The fair value of investments is determined by marking the investments to market as at the balance sheet date.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MCB Holdings UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
3
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Foreign exchange

Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the income statement for the period.

MCB Holdings UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
4
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
2,088,775
1,883,237
Fixed asset investments revalued

All investments are marked to market at the end of the reporting period. The historical cost of the investments as at 30 June 2024 is £1,796,953 (2023: £1,742,279).

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
1,883,237
Additions
271,229
Valuation changes
143,004
Disposals
(208,695)
At 30 June 2024
2,088,775
Carrying amount
At 30 June 2024
2,088,775
At 30 June 2023
1,883,237
MCB Holdings UK Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
5
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
484,515
564,270
Amounts owed by group undertakings
14,123
14,123
Other debtors
25,369
52,936
524,007
631,329
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,800
28,881
Corporation tax
(2,611)
71,227
Other taxation and social security
109,395
151,418
Other creditors
25,380
47,047
139,964
298,573
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1
1
8
Related party transactions

During the prior year, a loan was advanced to MCB Holdings Worldwide Limited, a company under common control. At the year end the company was owed £14,123 (2023: £14,123) by MCB Holdings Worldwide Limited in respect of this loan. This loan is interest free and repayable on demand.

2024-06-302023-07-01false27 June 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityHerwig De BruyneKevin De Bruynefalsefalse101456832023-07-012024-06-30101456832024-06-30101456832023-06-3010145683core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3010145683core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3010145683core:CurrentFinancialInstruments2024-06-3010145683core:CurrentFinancialInstruments2023-06-3010145683core:ShareCapital2024-06-3010145683core:ShareCapital2023-06-3010145683core:RetainedEarningsAccumulatedLosses2024-06-3010145683core:RetainedEarningsAccumulatedLosses2023-06-3010145683bus:Director12023-07-012024-06-30101456832022-07-012023-06-3010145683core:WithinOneYear2024-06-3010145683core:WithinOneYear2023-06-3010145683bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010145683bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010145683bus:FRS1022023-07-012024-06-3010145683bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3010145683bus:Director22023-07-012024-06-3010145683bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP