Company registration number 11736370 (England and Wales)
MDX HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MDX HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MDX HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
2,598,254
121
Current assets
Debtors
5
1,238,555
1,250,170
Creditors: amounts falling due within one year
6
(121)
(121)
Net current assets
1,238,434
1,250,049
Net assets
3,836,688
1,250,170
Capital and reserves
Called up share capital
7
306
233
Share premium account
1,513,920
1,249,937
Other reserves
2,322,462
-
0
Total equity
3,836,688
1,250,170

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 September 2025 and are signed on its behalf by:
Mr E Mond
Director
Company registration number 11736370 (England and Wales)
MDX HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

MDX Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Hathaway House, Popes Drive, Finchley, London, N3 1QF.

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 a mounts in these financial statements are rounded to the nearest £.

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

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. Cost includes the fair value of consideration given, including equity instruments issued by the company as part of a share for share exchange at the date of acquisition. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
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.

2
Employees

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

2024
2023
Number
Number
Total
7
6
MDX HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,598,254
121
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
121
Additions
2,334,150
Valuation changes
263,983
At 31 December 2024
2,598,254
Carrying amount
At 31 December 2024
2,598,254
At 31 December 2023
121

On 18 October 2024, MDX Holdings Limited acquired 100% of the issued share capital of HTI Holdings Limited. The consideration was satisfied by the issue of 726,108 ordinary shares of MDX Holdings Limited and the investment has been recognised at the fair value of the shares issued. This is shown as additions in the note above.

The valuation changes of £263,983 recognises the original share premium of MDX Technology Limited, a trading subsidiary in the financial statements and this is also reflected on the balance sheet of the subsidiary.

4
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
MDX Technology Limited
3rd Floor Hathaway House, Popes Drive Finchley London N3 1QF
Ordinary
100.00
HTI Holdings Limited
1 Vincent Square, London, United Kingdom, SW1P 2PN
Ordinary
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,238,433
1,250,048
Other debtors
122
122
1,238,555
1,250,170
MDX HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
121
121
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary of £0.0001 each
3,054,008
23,279
306
233

During the year the company sub-divided its Ordinary shares from £0.01 per share to £0.0001 per share. New shares were issued in the year in relation to the acquisition of HTI Holdings Limited.

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