ACCOUNTS - Final Accounts preparation

Company registration number: 09502766

MH FUND ADVISORS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2025

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


MH FUND ADVISORS LTD Registered number:09502766

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,643		1,295
			1,643		1,295
Current assets
Debtors: amounts falling due within one year	5	780,306		599,911
Cash at bank and in hand		403,864		384,701
		1,184,170		984,612
Creditors: amounts falling due within one year	6	(306,555)		(258,765)
Net current assets			877,615		725,847
Total assets less current liabilities			879,258		727,142

Net assets			879,258		727,142

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	878,258	726,142
	879,258	727,142

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 January 2026.

Ms M Hart

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MH FUND ADVISORS LTD Registered number:09502766

STATEMENT OF FINANCIAL POSITION (CONTINUED)

As at 31 March 2025

Director

The notes on pages 3 to 6 form part of these financial statements.

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MH FUND ADVISORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, Church Street, Reigate, Surrey, RH2 0AD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

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MH FUND ADVISORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

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:

Office equipment

25%

straight line

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.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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MH FUND ADVISORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

4.	Tangible fixed asset

		Office equipment
		£
	Cost or valuation
	At 1 April 2024	3,110
	Additions	1,250
	At 31 March 2025	4,360
	Depreciation
	At 1 April 2024	1,815
	Charge for the year on owned assets	902
	At 31 March 2025	2,717
	Net book value
	At 31 March 2025	1,643
	At 31 March 2024	1,295

Debtors

					2025	2024
					£	£


Trade debtors	520,730	426,289
Prepayments and accrued income	259,576	173,622
	780,306	599,911

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MH FUND ADVISORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	37	33
Corporation tax	243,748	216,223
Other taxation and social security	43,119	34,898
Other creditors	17,055	5,381
Accruals and deferred income	2,596	2,230
	306,555	258,765

7.	Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

		2025
	Balance brought forward	Advances/(credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms M Hart	(5,381)	583,000	(594,674)	(17,055)
		2024
	Balance brought forward	Advances/(credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms M Hart	229,881	373,640	(608,902)	(5,381)

8.	Related party transactions
	The company was under the control of Ms M Hart throughout the current year and prior year. Ms Hart is the managing director and majority shareholder. During the year Ms Hart incurred expenses on behalf of the company, this was reimbursed throughout the year. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

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