1 November 2023 false No description of principal activity Taxfiler 2024.6 NI682870business:PrivateLimitedCompanyLtd2023-11-012024-10-31 NI6828702023-10-31 NI6828702023-11-012024-10-31 NI682870business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 NI682870business:FilletedAccounts2023-11-012024-10-31 NI6828702024-10-31 NI682870business:Director12023-11-012024-10-31 NI682870business:Director22023-11-012024-10-31 NI682870business:Director32023-11-012024-10-31 NI6828702023-10-31 NI682870core:WithinOneYear2024-10-31 NI682870core:WithinOneYear2023-10-31 NI682870core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 NI682870core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 NI682870core:PreviouslyStatedAmount2024-10-31 NI682870core:PreviouslyStatedAmount2023-10-31 NI682870business:SmallEntities2023-11-012024-10-31 NI682870countries:NorthernIreland2023-11-012024-10-31 NI682870core:FurnitureFittings2023-10-31 NI682870core:FurnitureFittings2023-11-012024-10-31 NI682870core:FurnitureFittings2024-10-31 NI6828702022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. NI682870 (Northern Ireland)
Mdc Recovery Hub Ltd Unaudited accounts for the year ended 31 October 2024
Mdc Recovery Hub Ltd Unaudited accounts Contents
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Mdc Recovery Hub Ltd Company Information for the year ended 31 October 2024
Directors
Michael Lyons Daniel Magee-Clarke Carl Maxwell
Company Number
NI682870 (Northern Ireland)
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Mdc Recovery Hub Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,625 
41,125 
Current assets
Cash at bank and in hand
481 
3,696 
Creditors: amounts falling due within one year
(29,221)
(26,237)
Net current liabilities
(28,740)
(22,541)
Net (liabilities)/assets
(1,115)
18,584 
Capital and reserves
Profit and loss account
(1,115)
18,584 
Shareholders' funds
(1,115)
18,584 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by
Carl Maxwell Director Company Registration No. NI682870
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Mdc Recovery Hub Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Mdc Recovery Hub Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI682870.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
45,695 
Disposals
(15,000)
At 31 October 2024
30,695 
Depreciation
At 1 November 2023
4,570 
Charge for the year
(1,500)
At 31 October 2024
3,070 
Net book value
At 31 October 2024
27,625 
At 31 October 2023
41,125 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,818 
- 
Loans from directors
20,403 
26,237 
29,221 
26,237 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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