MPCHC Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10425126 (England and Wales)

MPCHC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Markwell

P J Markwell

SECRETARY:

P J Markwell

REGISTERED OFFICE:

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

10425126 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

4

3,613

1,014

Investments

5

-

200,000

3,613

201,014

CURRENT ASSETS

Debtors

6

14,563

806

Cash at bank

760,325

287,325

774,888

288,131

CREDITORS

Amounts falling due within one year

7

17,590

3,029

NET CURRENT ASSETS

757,298

285,102

TOTAL ASSETS LESS CURRENT LIABILITIES

760,911

486,116

PROVISIONS FOR LIABILITIES

8

686

-

NET ASSETS

760,225

486,116

CAPITAL AND RESERVES

Called up share capital

9

1,000

100

Share premium

399,900

399,900

Retained earnings

359,325

86,116

SHAREHOLDERS' FUNDS

760,225

486,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 June 2019 and were signed on its behalf by:

Mrs C Markwell - Director

1.	STATUTORY INFORMATION

MPCHC Ltd 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 the provisions of Section 1A "Small

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK

and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared

under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents services for consultancy work undertaken in the pharmaceutical and food

industries, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at fair value.

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after

any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts

due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation

resulting from a past event that will probably result in the transfer of economic benefits to a third party

and the amount due to settle the obligation can be measured or estimated reliably. Creditors and

provisions are normally recognised at their settlement amount after allowing for any trade discounts

due.

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 at the balance sheet date, except as

otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination

where assets (other than goodwill) give rise to an deferred tax asset or liability.

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 1 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

1,406

Additions

3,600

At 31 March 2019

5,006

DEPRECIATION

At 1 April 2018

392

Charge for year

1,001

At 31 March 2019

1,393

NET BOOK VALUE

At 31 March 2019

3,613

At 31 March 2018

1,014

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

200,000

Disposals

(200,000

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

200,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

13,954

-

Other debtors

609

806

14,563

806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

12,631

29

Other creditors

4,959

3,000

17,590

3,029

8.	PROVISIONS FOR LIABILITIES

2019

£

Deferred tax

686

Deferred

tax

£

Balance at 1 April 2018

(806

)

Accelerated capital allowances

1,492

Balance at 31 March 2019

686

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£1

1,000

100

900 Ordinary shares of £1 each were allotted as fully paid as a bonus issue out of reserves during the

year.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Markwell.