Registered number
10507393
MH PANTRY LIMITED
Filleted Accounts
31 December 2024
MH PANTRY LIMITED
Registered number: 10507393
Balance Sheet
as at 31 December 2024
As restated
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,769 2,011
Tangible assets 4 1,298 1,965
3,067 3,976
Current assets
Stocks 14,760 15,938
Debtors 5 76,251 62,632
Cash at bank and in hand 155,643 150,939
246,654 229,509
Creditors: amounts falling due within one year 6 (95,069) (51,982)
Net current assets 151,585 177,527
Net assets 154,652 181,503
Capital and reserves
Called up share capital 3 3
Share premium 535,156 535,156
Other reserves 49,053 -
Profit and loss account (429,560) (353,656)
Shareholders' funds 154,652 181,503
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S R S McGregor
Director
Approved by the board on 23 July 2025
MH PANTRY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Trademarks and associated costs are being amortised evenly over their estimated useful life of ten years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 2,420
At 31 December 2024 2,420
Amortisation
At 1 January 2024 409
Provided during the year 242
At 31 December 2024 651
Net book value
At 31 December 2024 1,769
At 31 December 2023 2,011
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 2,021
At 31 December 2024 2,021
Depreciation
At 1 January 2024 56
Charge for the year 667
At 31 December 2024 723
Net book value
At 31 December 2024 1,298
At 31 December 2023 1,965
As restated
5 Debtors 2024 2023
£ £
Trade debtors 66,383 53,852
Other debtors 9,868 8,780
76,251 62,632
As restated
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 87,834 27,603
Taxation and social security costs 2,608 15,373
Other creditors 4,627 9,006
95,069 51,982
7 Taxation
The entity has trading losses carried forward of £416,485 (2023 - £348,279) to be utilised against future trading profits.
8 Related party transactions
At the reporting date the company owed the directors £2,727 (2023 - £5,333). The balance is interest free and repayable on demand.
9 Prior year adjustment
A prior period error has been identified regarding the posting of taxation relating to the repayment of R&D tax credits. The financial statements for the year ended 31 December 2023 included £14,379 Debtor in the Statement of Financial Position. Upon review, it is deemed that the balance should have been recorded as a creditor and therefore an adjustment has been made to reflect this. The net effect on shareholders’ funds is an decrease in reserves brought forward at 1 January 2024 of £28,758.

The impact on the Statement of Comprehensive Income for the year ended 31 December 2023, is analysed as follows:

An decrease in Tax on Loss of £26,883
An increase in the sundry expenses of £1,875

The Statement of Financial Position has been impacted as shown:

A decrease in tax debtor (other debtors) of £14,379
A increase in tax creditor (creditors due within one year) of £12,504
A increase in other creditors (due within one year) of £1,875
10 Other information
MH PANTRY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
East Hole Farm East Hole Farm
Knowstone
South Molton
Devon
EX36 4RY
MH PANTRY LIMITED 10507393 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Ms S R S McGregor No description of principal activity 10507393 2023-01-01 2023-12-31 10507393 core:WithinOneYear 2023-12-31 10507393 core:ShareCapital 2023-12-31 10507393 core:SharePremium 2023-12-31 10507393 core:OtherReservesSubtotal 2023-12-31 10507393 core:RetainedEarningsAccumulatedLosses 2023-12-31 10507393 2024-01-01 2024-12-31 10507393 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10507393 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10507393 bus:Director40 2024-01-01 2024-12-31 10507393 1 2024-01-01 2024-12-31 10507393 2 2024-01-01 2024-12-31 10507393 core:Goodwill 2024-01-01 2024-12-31 10507393 core:PlantMachinery 2024-01-01 2024-12-31 10507393 countries:England 2024-01-01 2024-12-31 10507393 bus:FRS102 2024-01-01 2024-12-31 10507393 bus:FilletedAccounts 2024-01-01 2024-12-31 10507393 2024-12-31 10507393 core:WithinOneYear 2024-12-31 10507393 core:ShareCapital 2024-12-31 10507393 core:SharePremium 2024-12-31 10507393 core:OtherReservesSubtotal 2024-12-31 10507393 core:RetainedEarningsAccumulatedLosses 2024-12-31 10507393 core:Goodwill 2024-12-31 10507393 core:PlantMachinery 2024-12-31 10507393 2023-12-31 10507393 core:Goodwill 2023-12-31 10507393 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure