MBD Financial Ltd Filleted Accounts Cover
MBD Financial Ltd
Company No. 14848781
Information for Filing with The Registrar
31 December 2024
MBD Financial Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was electronic financial services .
Director
The Director who served at any time during the year was as follows:
B.M. Feinberg
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B.M. Feinberg
Director
15 September 2025
MBD Financial Ltd Balance Sheet Registrar
at
31 December 2024
Company No.
14848781
Notes
2024
2023
$
$
Current assets
Debtors
4
19,3957,072
Cash at bank and in hand
10,000-
29,3957,072
Creditors: Amount falling due within one year
5
(108,703)
(7,013)
Net current (liabilities)/assets
(79,308)
59
Total assets less current liabilities
(79,308)
59
Net (liabilities)/assets
(79,308)
59
Capital and reserves
Called up share capital
11
Profit and loss account
7
(79,309)
58
Total equity
(79,308)
59
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the 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.
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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 September 2025 and signed on its behalf by:
B.M. Feinberg
Director
15 September 2025
MBD Financial Ltd Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
MBD Financial Ltd is a private company limited by shares and incorporated in England and Wales.
The company's registered number is: 14848781
The address of the company's registered office is:
201 Haverstock hill
2nd floor
London
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.
2
Accounting policies
Turnover
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
The company operates as an introducer to licensed financial institutions, providing technology and referral services but not itself undertaking regulated payment activities. Management has considered FCA requirements and believes the company is not required to be authorised. If this view were challenged by regulators, the company’s business model could be impacted.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2024
2023
$
$
Trade debtors
4,631-
Other debtors
14,7647,072
19,3957,072
5
Creditors:
amounts falling due within one year
2024
2023
$
$
Amounts owed to group undertakings
107,200
7,000
Taxes and social security
-
13
Accruals and deferred income
1,503-
108,7037,013
6
Share Capital
The company has issued 100 ordinary shares, fully paid up, of £0.01 each, amounting to a share capital of £1.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Related party disclosures
Transactions with related parties
The company has taken advantage of the exemption available according with Section 33 of FRS 102 "Related part disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
MBD Holding Inc.
The parent's registered office address is:
405 Cameron Street
Alexandria, Virginia
USA, 22314
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