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REGISTERED NUMBER: 05932250 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MHC PROPERTY SERVICES LIMITED

MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MHC PROPERTY SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTOR: M H Conchie





REGISTERED OFFICE: 70 Bryan Road
Blackpool
Lancashire
FY3 9BE





REGISTERED NUMBER: 05932250 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 15,543 4,068
18,543 8,568

CURRENT ASSETS
Debtors 6 17,849 20,080
Cash at bank 88,285 68,763
106,134 88,843
CREDITORS
Amounts falling due within one year 7 24,897 24,478
NET CURRENT ASSETS 81,237 64,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,780

72,933

CREDITORS
Amounts falling due after more than one
year

8

6,333

10,333
NET ASSETS 93,447 62,600

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 93,445 62,598
SHAREHOLDERS' FUNDS 93,447 62,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

BALANCE SHEET - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





M H Conchie - Director


MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

MHC Property Services 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 Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 30,000
AMORTISATION
At 1 December 2023 25,500
Charge for year 1,500
At 30 November 2024 27,000
NET BOOK VALUE
At 30 November 2024 3,000
At 30 November 2023 4,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 28,324
Additions 15,469
Disposals (3,700 )
At 30 November 2024 40,093
DEPRECIATION
At 1 December 2023 24,256
Charge for year 3,167
Eliminated on disposal (2,873 )
At 30 November 2024 24,550
NET BOOK VALUE
At 30 November 2024 15,543
At 30 November 2023 4,068

MHC PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 05932250)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 16,662 18,933
Prepayments 1,187 1,147
17,849 20,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Tax 12,504 13,637
Social security and other taxes 487 -
Pension 139 -
VAT 10,958 7,734
Other creditors 172 1,741
Directors' current accounts 16 136
Accrued expenses 621 1,230
24,897 24,478

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 2-5 years 6,333 10,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 December 2023 62,598
Profit for the year 57,347
Dividends (26,500 )
At 30 November 2024 93,445