Registration number: 02052585

MC Financial Services Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

MC Financial Services Limited

(Registration number: 02052585)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	77,391	40,175
Investment property	6	252,763	252,763
Other financial assets	7	1,156,930	707,832
		1,487,084	1,000,770
Current assets
Debtors	8	295,715	208,582
Cash at bank and in hand		278,651	548,860
		574,366	757,442
Creditors: Amounts falling due within one year	9	(121,188)	(53,081)
Net current assets		453,178	704,361
Total assets less current liabilities		1,940,262	1,705,131
Provisions for liabilities		(5,875)	(600)
Net assets		1,934,387	1,704,531
Capital and reserves
Called up share capital		132,800	132,800
Share premium reserve		642,943	642,943
Retained earnings		1,158,644	928,788
Shareholders' funds		1,934,387	1,704,531

MC Financial Services Limited

(Registration number: 02052585)
Balance Sheet as at 31 December 2024

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

......................................... M S Czapalski Director

MC Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Littlefields Farm House
42 High Street
Burbage
Wiltshire
SN8 3AF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of financial services to customers.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

MC Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Fixtures and fittings	4% - 25% straight line basis
Bicycles	100% cost
Artwork and other tangibles	Not depreciated
Motor vehicles	25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Listed fixed asset investments are held at fair value with any gains or losses taken to the profit and loss account. Unlisted fixed asset investments are held at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

MC Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Taxation

	2024		2023
	£		£
Corporation tax	93,874		40,644
Deferred tax	5,275		(247)
	99,149		40,397

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

MC Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Investment properties

	2024 £
At 1 January	252,763
At 31 December	252,763

There has been no valuation of investment property by an independent valuer.

7	Investments

	2024 £	2023 £
Non-current financial assets
Financial assets at fair value through profit and loss	806,542	357,444
Financial assets at cost less impairment	350,388	350,388
	1,156,930	707,832

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	357,444	350,388	707,832
Fair value adjustments	44,936	-	44,936
Additions	404,162	-	404,162
At 31 December 2024	806,542	350,388	1,156,930
Impairment
Carrying amount
At 31 December 2024	806,542	350,388	1,156,930

MC Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Debtors

	2024 £	2023 £
Amounts owed by related parties	168,484	100,949
Other debtors	124,656	100,985
Prepayments	2,575	6,648
	295,715	208,582

9

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	94,553	42,223
Other creditors	26,635	10,858
	121,188	53,081