MCHS Holdings Limited - Accounts to registrar (filleted) - small 17.3

MCHS Holdings Limited - Accounts to registrar (filleted) - small 17.3

MCHS HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 06700442 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2017

for

MCHS Holdings Limited
MCHS Holdings Limited (Registered number: 06700442)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Balance Sheet 1

Notes to the Financial Statements 2


MCHS Holdings Limited (Registered number: 06700442)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 4 818,645 818,645

CURRENT ASSETS
Cash at bank 60 60

CREDITORS
Amounts falling due within one year 5 522,592 574,074
NET CURRENT LIABILITIES (522,532 ) (574,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES 296,113 244,631

CAPITAL AND RESERVES
Called up share capital 176 176
Capital redemption reserve 264 264
Retained earnings 295,673 244,191
SHAREHOLDERS' FUNDS 296,113 244,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2017 and were signed on its behalf
by:





Mr P L Cockerham - Director


The notes form part of these financial statements

Page 1
MCHS Holdings Limited (Registered number: 06700442)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the £.

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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply
with section 1A "Small Entities" of FRS102. The date of transition is 1 April 2015. There are no transition
adjustments.

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 has taken the option
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments
Fixed asset investments are initially measured at cost. The directors consider this to be the most appropriate
basis of valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2016
and 31 March 2017 818,645
NET BOOK VALUE
At 31 March 2017 818,645
At 31 March 2016 818,645

Page 2 continued...
MCHS Holdings Limited (Registered number: 06700442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 9,172
Amounts owed to group undertakings 461,956 517,266
Taxation and social security 134 134
Other creditors 60,502 47,502
522,592 574,074

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans - 9,172

A debenture is in place to give a fixed and floating charge over the company assets to Svenska Handelsbanken
AB (Publ) of Island Reach, Festival Way, Festival Park, Stoke on Trent, Staffordshire to secure any overdrawn
accounts, loans, advances or indebtedness to them.

7. RELATED PARTY DISCLOSURES

Included within other creditors are balances of £30,077 and £24,073 representing the directors loan account
balances of Mr P Cockerham and Mr D Hutchinson respectively. These loans are interest free unsecured and
repayable on demand.

8. ULTIMATE CONTROLLING PARTY

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

9. GUARANTEES

A cross guarantee is in place between the company and its parent company such that each company acts as
guarantor for any debts the other company has with Svnska Handelsbanken AB (Publ).

Page 3