| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| One Eastwood |
| Harry Weston Road |
| Binley Business Park |
| Coventry |
| CV3 2UB |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| BALANCE SHEET |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| 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 MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| BALANCE SHEET - continued |
| 31 December 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| The Mulholland Family Investment Company Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Listed Investments |
| Listed investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'Gain/loss on revaluation of investments' in the profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably. |
| Financial instruments |
| Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are |
| recognised in the Statement of Comprehensive Income in other administrative expenses. |
| Other financial assets and liabilities, such as loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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. |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2024 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate | Listed |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2024 | 18,204,974 |
| Disposals | ( |
) | (25,123 | ) |
| Revaluations | 935,763 |
| At 31 December 2024 | 19,115,614 |
| NET BOOK VALUE |
| At 31 December 2024 | 19,115,614 |
| At 31 December 2023 | 18,204,974 |
| Cost or valuation at 31 December 2024 is represented by: |
| Interest |
| in |
| associate | Listed |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2023 | - | 295,914 | 295,914 |
| Valuation in 2024 | - | 935,763 | 935,763 |
| Cost | 10,450,000 | 7,433,937 | 17,883,937 |
| 10,450,000 | 8,665,614 | 19,115,614 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Tax |
| Other creditors |
| Accrued expenses |
| THE MULHOLLAND FAMILY INVESTMENT COMPANY |
| LIMITED (REGISTERED NUMBER: 14540398) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid number: |
Issued Class: |
Nominal Value: |
2023 |
2024 |
| - | - | - | £ | £ |
| 50 | A | £1 | 50 | 50 |
| 50 | B | £1 | 50 | 50 |
| 300 | C | £1 | 300 | 300 |
| 300 | D | £1 | 300 | 300 |
| 300 | E | £1 | 300 | 300 |
| 1000 | 1000 |
| Each share is entitled to one vote in any circumstances, but this is subject to overriding restrictions in the Articles and the Shareholders Agreement. Each share ranks pari passu with all ordinary shares of all classes in respect of dividend payments, subject to restrictions in the Articles. Each share is entitled to participate equally in a distribution arising from a winding up or sale of the company. |
| 9. | RESERVES |
| Fair |
| Retained | Share | value |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2024 | 18,319,004 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Transfer revaluation gain | (1,231,677 | ) | - | 1,231,677 | - |
| Transfer to retained earnings realised gains |
26 |
- |
(26 |
) |
- |
| Movement in deferred tax | 307,913 | - | (307,913 | ) | - |
| At 31 December 2024 | 18,921,364 |