MCM (Holdings) Limited - Period Ending 2020-04-30

MCM (Holdings) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

MCM (Holdings) Limited

(Registration number: 03683557)
Balance Sheet as at 30 April 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	873,883	873,883
Current assets
Cash at bank and in hand		33,995	33,995
Total assets less current liabilities		907,878	907,878
Creditors: Amounts falling due after more than one year	5	(2,021)	(2,021)
Net assets		905,857	905,857
Capital and reserves
Called up share capital		240	240
Profit and loss account		905,617	905,617
Total equity		905,857	905,857

For the financial year ending 30 April 2020 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 April 2021 and signed on its behalf by:
 

.........................................

Betty Wallis

Company secretary

MCM (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 April 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Auker Rhodes
Aire Valley Business Centre
Lawkholme Lane
Keighley
BD21 3BB

These financial statements were authorised for issue by the Board on 26 April 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2019 - 1).

MCM (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 April 2020

4	Investments

	2020 £	2019 £
Investments in subsidiaries	873,883	873,883

Subsidiaries	£
Cost or valuation
At 1 May 2019	2,738,695
Provision
At 1 May 2019	1,864,812
Carrying amount
At 30 April 2020	873,883
At 30 April 2019	873,883

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2020	2019
Subsidiary undertakings
Moisture Control and Measurement Limited		Ordinary	100%	100%
	England
MCM (UK) Limited		Ordinary	100%	100%
	England

The principal activity of Moisture Control and Measurement Limited is Electronic instrument manufacturer

The principal activity of MCM (UK) Limited is Dormant.

MCM (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 April 2020

5

Creditors

Creditors: amounts falling due after more than one year

	2020 £	2019 £
Due after one year
Other non-current financial liabilities	2,021	2,021