MCHS Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06700442 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

MCHS Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

818,645

CURRENT ASSETS

Cash at bank

60

CREDITORS

Amounts falling due within one year

5

524,092

523,592

NET CURRENT LIABILITIES

(524,032

)

(523,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294,613

295,113

CAPITAL AND RESERVES

Called up share capital

176

Capital redemption reserve

264

Retained earnings

294,173

294,673

SHAREHOLDERS' FUNDS

294,613

295,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2020 and were
signed on its behalf by:

Mr P L Cockerham - Director

1.	STATUTORY INFORMATION

MCHS Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

06700442

Registered office:

Rees House

Unit 27 Parker Centre

Mansfield Road

Derby

Derbyshire

DE21 4SZ

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

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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources

to continue in operational existence for the foreseeable future, being the 12 month period from the date of

these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the

financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about MCHS Holdings Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account,

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 2 (2019 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2019

and 31 March 2020

818,645

NET BOOK VALUE

At 31 March 2020

818,645

At 31 March 2019

818,645

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Amounts owed to group undertakings

486,274

476,746

Taxation and social security

134

Other creditors

37,684

46,712

524,092

523,592

6.	ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the financial period.

7.	GUARANTEES

A cross guarantee is in place between the company and its subsidiary company such that each company acts as

guarantor for any debts the other company has with Svenska Handelsbanken AB (Publ).

MCHS Holdings Limited - Accounts to registrar (filleted) - small 18.2

MCHS Holdings Limited - Accounts to registrar (filleted) - small 18.2