REGISTERED NUMBER: 04371158 (England and Wales)

MHT ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr M H Tavakoli

Mr J M Tavakoli

SECRETARY:

Mr J Tavakoli

REGISTERED OFFICE:

Spitfire Way

Sherburn Enterprise Park

Sherburn in Elmet

Leeds

North Yorkshire

LS25 6NW

REGISTERED NUMBER:

04371158 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

YO19 5UW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

709,469

695,193

Investment property

6

250,000

250,000

959,469

945,193

CURRENT ASSETS

Stocks

2,609

4,300

Debtors

498,179

438,284

Cash at bank and in hand

194,827

88,416

695,615

531,000

CREDITORS

Amounts falling due within one year

95,372

92,652

NET CURRENT ASSETS

600,243

438,348

TOTAL ASSETS LESS CURRENT LIABILITIES

1,559,712

1,383,541

PROVISIONS FOR LIABILITIES

78,963

73,452

NET ASSETS

1,480,749

1,310,089

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings: non-distributable

89,691

89,691

Retained earnings

1,391,057

1,220,397

SHAREHOLDERS' FUNDS

1,480,749

1,310,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr M H Tavakoli - Director

1.	STATUTORY INFORMATION

MHT Enterprises 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 as modified by the revaluation of certain assets.

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 and revised if necessary.

Key source of estimation uncertainty - valuation of investment property:

The carrying value of investment property is reviewed at the end of each accounting period by the directors and adjusted, if necessary, in line with current fair values. The valuations have been undertaken in accordance with an appropriate methodology based on return of capital adjusted for regional variations in property values. Deferred taxation has been provided as necessary as a separate provision.

Turnover

Turnover represents vehicle hire along with gym subscriptions, excluding value added tax.

Goodwill

Goodwill being the amount paid in connection with the acquisition of businesses has been amortised evenly over their estimated useful lives.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

10% straight line and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transactions costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Comprehensive Income in the period in which they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

Government grants

Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

9,501

AMORTISATION

At 1 April 2024

and 31 March 2025

9,501

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,245,926

Additions

146,194

Disposals

(119,158

)

At 31 March 2025

1,272,962

DEPRECIATION

At 1 April 2024

550,733

Charge for year

116,126

Eliminated on disposal

(103,366

)

At 31 March 2025

563,493

NET BOOK VALUE

At 31 March 2025

709,469

At 31 March 2024

695,193

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

250,000

NET BOOK VALUE

At 31 March 2025

250,000

At 31 March 2024

250,000

The investment properties are included at the directors assessment of market value.

The amount credited to the Profit and Loss Account during the year was £Nil (2024: £Nil).

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

ordinary

£1

1

1

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M H Tavakoli

Balance outstanding at start of year

22,961

44,389

Amounts advanced

51,720

10,599

Amounts repaid

(63,638

)

(32,027

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,043

22,961

The loan to the director is charged at H M Revenue & Customs authorised interest rate with no fixed repayment terms.

9.	RELATED PARTY DISCLOSURES

MHT Enterprises Limited has a loan to a another company owned by the directors. The balance at the year end was £170,541 (2024: £167,851).