M.B Financial Consultancy Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06238695 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2022

for

M.B FINANCIAL CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Benitez

REGISTERED OFFICE:

The Garden Suite

23 Westfield Park

Redland

Bristol

BS6 6LT

REGISTERED NUMBER:

06238695 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

The Garden Suite

23 Westfield Park

Redland

Bristol

BS6 6LT

FIXED ASSETS

Tangible assets

4

1,255

4,599

Investments

5

742,602

741,307

743,857

745,906

CURRENT ASSETS

Debtors

6

18,315

18,240

Cash at bank

333,916

186,013

352,231

204,253

CREDITORS

Amounts falling due within one year

7

107,923

123,944

NET CURRENT ASSETS

244,308

80,309

TOTAL ASSETS LESS CURRENT LIABILITIES

988,165

826,215

CAPITAL AND RESERVES

Called up share capital

8

7

7

Retained earnings

988,158

826,208

SHAREHOLDERS' FUNDS

988,165

826,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2022 and were signed by:

M Benitez - Director

1.	STATUTORY INFORMATION

M.B Financial Consultancy Limited 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

and 31 May 2022

17,045

DEPRECIATION

At 1 June 2021

12,446

Charge for year

3,344

At 31 May 2022

15,790

NET BOOK VALUE

At 31 May 2022

1,255

At 31 May 2021

4,599

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 June 2021

741,307

Additions

904,268

Disposals

(855,941

)

Revaluations

(47,032

)

At 31 May 2022

742,602

NET BOOK VALUE

At 31 May 2022

742,602

At 31 May 2021

741,307

Cost or valuation at 31 May 2022 is represented by:

Other

investments

£

Valuation in 2022

39,357

Cost

703,245

742,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

18,315

18,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

63,433

49,614

Other creditors

44,490

74,330

107,923

123,944

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

7

Ordinary

£1

7

7

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Benitez.