MHNP Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05067653

MHNP Limited

Filleted Unaudited Financial Statements

30 September 2025

MHNP Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		2,784	3,448

Current assets

Debtors	7	237,152	236,596
Cash at bank and in hand		123	187
		---------	---------
		237,275	236,783

Creditors: amounts falling due within one year	8	204,924		220,007
		---------		---------
Net current assets			32,351	16,776
			--------	--------
Total assets less current liabilities			35,135	20,224

Creditors: amounts falling due after more than one year	9	–	8,189
		--------	--------
Net assets		35,135	12,035
		--------	--------

Capital and reserves

Called up share capital	2,000	2,000
Profit and loss account	33,135	10,035
	--------	--------
Shareholders funds	35,135	12,035
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MHNP Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2026 , and are signed on behalf of the board by:

Mr Michael Holt

Director

Company registration number: 05067653

MHNP Limited

Notes to the Financial Statements

Year ended 30 September 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 38 Francis Street, Leicester, LE2 2BD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised in the accounting period in which the company obtains the right to consideration in exchange for its services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10 Years
Fixtures and Fittings	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2024 and 30 September 2025	194,000
	---------
Amortisation
At 1 October 2024 and 30 September 2025	194,000
	---------
Carrying amount
At 30 September 2025	–
	---------
At 30 September 2024	–
	---------

The goodwill recognised in these accounts arose upon the purchase of the business and business assets from Spencers Druce Limited on 14 October 2004.

6. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 October 2024 and 30 September 2025	4,600	640	9,190	14,430
	-------	----	-------	--------
Depreciation
At 1 October 2024	1,687	409	8,886	10,982
Charge for the year	460	58	146	664
	-------	----	-------	--------
At 30 September 2025	2,147	467	9,032	11,646
	-------	----	-------	--------
Carrying amount
At 30 September 2025	2,453	173	158	2,784
	-------	----	-------	--------
At 30 September 2024	2,913	231	304	3,448
	-------	----	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	94,707	65,865
Other debtors	142,445	170,731
	---------	---------
	237,152	236,596
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	64,866	94,937
Trade creditors	24,971	38,037
Corporation tax	76,355	52,858
Social security and other taxes	29,493	23,867
Other creditors	9,239	10,308
	---------	---------
	204,924	220,007
	---------	---------

National Westminster Bank Plc hold a fixed and floating charge over the company's assets dated 16 August 2004.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	8,189
	----	-------

National Westminster Bank Plc hold a fixed and floating charge over the company's assets dated 16 August 2004.

10. Directors' advances, credits and guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Michael Holt	6,684	60,199	( 69,869)	( 2,986)
Mr Naresh Patel	9,481	57,663	( 67,333)	( 189)
	--------	---------	---------	-------
	16,165	117,862	( 137,202)	( 3,175)
	--------	---------	---------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr Michael Holt	4,832	60,476	( 58,624)	6,684
Mr Naresh Patel	9,177	55,400	( 55,096)	9,481
	--------	---------	---------	--------
	14,009	115,876	( 113,720)	16,165
	--------	---------	---------	--------

11. Related party transactions

During the year there was an interest free loan receivable on demand from a related party by common ownership, amounting to £119,190 (2024: £132,990).