REGISTERED NUMBER: NI045048 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

M H MOTORS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

P McClean

SECRETARY:

D W J McClean

REGISTERED OFFICE:

17 Clarendon Road Clarendon Road

Belfast

BT1 3BG

REGISTERED NUMBER:

NI045048 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Barclays Bank

Belfast Castle Place 2

Belfast

FIXED ASSETS

Tangible assets

4

429,624

386,667

Investment property

5

190,000

190,000

619,624

576,667

CURRENT ASSETS

Stocks

615,653

652,415

Debtors

6

201,429

163,534

Cash at bank and in hand

136,615

86,809

953,697

902,758

CREDITORS

Amounts falling due within one year

7

407,849

294,996

NET CURRENT ASSETS

545,848

607,762

TOTAL ASSETS LESS CURRENT LIABILITIES

1,165,472

1,184,429

CREDITORS

Amounts falling due after more than one year

8

(56,446

)

(109,927

)

PROVISIONS FOR LIABILITIES

(63,676

)

(64,009

)

NET ASSETS

1,045,350

1,010,493

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

10

216,473

216,473

Retained earnings

828,876

794,019

1,045,350

1,010,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2025 and were signed by:

P McClean - Director

1.	STATUTORY INFORMATION

M H Motors Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's business address is 670 Antrim Road, Newtownabbey.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In preparing these financial statements the director has made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The director also considers the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures, fittings & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings

All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

360,000

132,702

492,702

Additions

-

62,773

62,773

At 30 April 2025

360,000

195,475

555,475

DEPRECIATION

At 1 May 2024

28,800

77,235

106,035

Charge for year

7,200

12,616

19,816

At 30 April 2025

36,000

89,851

125,851

NET BOOK VALUE

At 30 April 2025

324,000

105,624

429,624

At 30 April 2024

331,200

55,467

386,667

Cost or valuation at 30 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2019

216,473

-

216,473

Cost

143,527

195,475

339,002

360,000

195,475

555,475

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

190,000

NET BOOK VALUE

At 30 April 2025

190,000

At 30 April 2024

190,000

The investment property has been valued at cost at 30 April 2019. The 2025 valuation was undertaken by the director, at open market value and the director is satisfied that the current open market value is not materially different from the value included in the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

38,899

74,000

Amounts owed by group undertakings

81,620

9,701

Amounts owed by related parties

64,802

67,220

Other debtors

16,108

12,613

201,429

163,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

76,442

72,096

Trade creditors

2,418

9,025

Amounts owed to group undertakings

123,129

-

Taxation and social security

194,321

199,213

Other creditors

11,539

14,662

407,849

294,996

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

49,194

100,258

Other creditors

7,252

9,669

56,446

109,927

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

109,074

160,430

As security for the bank loans Barclays Security Trustee Limited holds a fixed and floating charge over all property and undertakings of the Company.

10.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

216,473

11.	RELATED PARTY DISCLOSURES

During the year MH Motors Limited made sales of £28,952 (2024: £53,681) and purchases of £75,730 (2024: £44,361) to/from a company in which a close family member of the director has a controlling interest. The amount owed to MH Motors at the year end was £64,802 (2024: £67,220).This loan is unsecured, interest free and repayable on demand.

Also included debtors is an amount of £81,620 (2024: £1,500) due from another company in which the director has a controlling interest. MH Motors paid expenses on behalf of this company of £120. MH Motors also paid £105,000 to this company during the year and received £25,000 from the company. The loan is unsecured, interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

M H Motors Limited is a 100% subsidiary undertaking of PMCM (NI) Ltd, a company incorporated in Northern Ireland whose registered office is 17 Clarendon Road, Clarendon Dock, Belfast BT1 3BG.

The ultimate controlling party is P McClean.