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REGISTERED NUMBER: 09067422 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MFC Holding Limited
MFC Holding Limited (Registered number: 09067422)






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


MFC Holding Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G Bianchi
F Costa
M Flammini





REGISTERED OFFICE: 71-75 Shelton Street, Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 09067422 (England and Wales)





Page 1
MFC Holding Limited (Registered number: 09067422)

Balance Sheet
31 December 2024

2024 2023
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 4,096,548 4,096,548
4,096,548 4,096,548

CURRENT ASSETS
Debtors 6 19,189,873 18,336,653
Cash at bank 2,269 1,316
19,192,142 18,337,969
CREDITORS
Amounts falling due within one year 7 7,582 13,290
NET CURRENT ASSETS 19,184,560 18,324,679
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,281,108
22,421,227

CREDITORS
Amounts falling due after more than one year 8 18,662,245 17,811,605
NET ASSETS 4,618,863 4,609,622

CAPITAL AND RESERVES
Called up share capital 5,000,000 5,000,000
Other reserves 338,069 338,068
Retained earnings (719,206 ) (728,446 )
4,618,863 4,609,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 notes form part of these financial statements

Page 2
MFC Holding Limited (Registered number: 09067422)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:





G Bianchi - Director


The notes form part of these financial statements

Page 3
MFC Holding Limited (Registered number: 09067422)

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

1. STATUTORY INFORMATION

MFC Holding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in USD, which is the functional currency of the entity.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS

As at 31 December 2024, there is no tangible fixed assets.

Page 4
MFC Holding Limited (Registered number: 09067422)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
$    $    $   
COST
At 1 January 2024
and 31 December 2024 5,985,816 400 5,986,216
PROVISIONS
At 1 January 2024
and 31 December 2024 1,889,668 - 1,889,668
NET BOOK VALUE
At 31 December 2024 4,096,148 400 4,096,548
At 31 December 2023 4,096,148 400 4,096,548

Subsidiary undertakings

HDO Holding Limited
Type of shares held: ordinary
Portion held: 71.93%
Country of incorporation: United Kingdom
Nature of business: Investment holding

Associated undertakings

Fever LA Corp. Inc.
Type of shares held: common stock
Portion held: 40.00%
Country of incorporation: USA
Nature of business: Product placement services

6. DEBTORS
2024 2023
$    $   
Amounts falling due within one year:
Other debtors - 4,031

Amounts falling due after more than one year:
Amounts owed by group undertakings 19,109,227 18,251,436
Other debtors 80,646 81,186
19,189,873 18,332,622

Aggregate amounts 19,189,873 18,336,653

The amounts owed by Group undertakings are receivable on demand and are not interest bearing.

Page 5
MFC Holding Limited (Registered number: 09067422)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Other creditors - 4,031
Accrued expenses 7,582 9,259
7,582 13,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
$    $   
Amounts owed to shareholders 18,662,245 17,811,605

The amounts owed to shareholders are repayable on demand and are not interest bearing.

9. RELATED PARTY DISCLOSURES

All related parties are detailed in the notes to the accounts.

10. ULTIMATE CONTROLLING PARTY

As at 31 December 2024, there is no immediate or ultimate controlling party.

Page 6