1 January 2024 false No description of principal activity Taxfiler 2024.6 13668834business:PrivateLimitedCompanyLtd2024-01-012024-12-31 136688342023-12-31 136688342024-01-012024-12-31 13668834business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 13668834business:FilletedAccounts2024-01-012024-12-31 136688342024-12-31 13668834business:Director12024-01-012024-12-31 13668834business:Director22024-01-012024-12-31 13668834business:RegisteredOffice2024-01-012024-12-31 136688342023-12-31 13668834core:WithinOneYear2024-12-31 13668834core:WithinOneYear2023-12-31 13668834core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13668834core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13668834core:PreviouslyStatedAmount2024-12-31 13668834core:PreviouslyStatedAmount2023-12-31 13668834business:SmallEntities2024-01-012024-12-31 13668834countries:EnglandWales2024-01-012024-12-31 13668834core:LandBuildings2023-12-31 13668834core:PlantMachinery2023-12-31 13668834core:FurnitureFittings2023-12-31 13668834core:ComputerEquipment2023-12-31 13668834core:LandBuildings2024-01-012024-12-31 13668834core:PlantMachinery2024-01-012024-12-31 13668834core:FurnitureFittings2024-01-012024-12-31 13668834core:ComputerEquipment2024-01-012024-12-31 13668834core:LandBuildings2024-12-31 13668834core:PlantMachinery2024-12-31 13668834core:FurnitureFittings2024-12-31 13668834core:ComputerEquipment2024-12-31 13668834business:OrdinaryShareClass12024-01-012024-12-31 13668834business:OrdinaryShareClass12023-01-012023-12-31 136688342023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13668834 (England and Wales)
Mpch Fraction Uk Ltd Unaudited accounts for the year ended 31 December 2024
Mpch Fraction Uk Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mpch Fraction Uk Ltd Company Information for the year ended 31 December 2024
Directors
Miles Parry Nicholas Hladnik
Company Number
13668834 (England and Wales)
Registered Office
3rd Floor 1 Ashley Road Altrincham Cheshire WA14 2DT England
- 3 -
Mpch Fraction Uk Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
72,374 
999,853 
Current assets
Debtors
5
429,635 
1,403,290 
Cash at bank and in hand
84,738 
258,839 
514,373 
1,662,129 
Creditors: amounts falling due within one year
6
(4,255,572)
(24,058,231)
Net current liabilities
(3,741,199)
(22,396,102)
Net liabilities
(3,668,825)
(21,396,249)
Capital and reserves
Profit and loss account
(3,668,825)
(21,396,249)
Shareholders' funds
(3,668,825)
(21,396,249)
For the 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. 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Miles Parry Director Company Registration No. 13668834
- 4 -
Mpch Fraction Uk Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Mpch Fraction Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 13668834. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
- 5 -
Mpch Fraction Uk Ltd Notes to the Accounts for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Plant and machinery - 3 years Motor vehicles - 3 years Office equipment - 3 years Computer equipment - 3 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Financial instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Sale of intangible assets
In the year ending 31st March 2024, the business sold it's internally generated intangible assets to its parent company, MPCH.IO Labs Inc.
- 6 -
Mpch Fraction Uk Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
- 
1,471,942 
19,707 
340,589 
1,832,238 
Additions
319,747 
1,574 
- 
- 
321,321 
Disposals
(319,747)
(993,131)
(9,353)
(245,354)
(1,567,585)
At 31 December 2024
- 
480,385 
10,354 
95,235 
585,974 
Depreciation
At 1 January 2024
- 
681,921 
8,631 
141,833 
832,385 
Charge for the year
- 
408,367 
5,790 
93,031 
507,188 
On disposals
- 
(660,498)
(6,275)
(159,200)
(825,973)
At 31 December 2024
- 
429,790 
8,146 
75,664 
513,600 
Net book value
At 31 December 2024
- 
50,595 
2,208 
19,571 
72,374 
At 31 December 2023
- 
790,021 
11,076 
198,756 
999,853 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
24,892 
- 
Trade debtors
- 
75,000 
Accrued income and prepayments
19,332 
116,343 
Other debtors
385,411 
1,211,947 
429,635 
1,403,290 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
184,370 
344,763 
Amounts owed to group undertakings and other participating interests
3,929,127 
23,579,754 
Taxes and social security
136,089 
40,000 
Other creditors
- 
4,828 
Accruals
5,986 
88,886 
4,255,572 
24,058,231 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £0.01 each
0.01 
0.01 
- 7 -
Mpch Fraction Uk Ltd Notes to the Accounts for the year ended 31 December 2024
8
Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,728 (2023 - £77,062). Contributions totalling £2,283 (2023 - £2,607) were payable to the fund at the reporting date and are included in other creditors.
9
Controlling party
The ultimate parent company is MPCH.IO Labs Inc, a company registered in Delware USA.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 8 -