MDNP Holdings Limited FILLETED ACCOUNTS COVER
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Company No. 11052156
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MDNP Holdings Limited DIRECTORS REPORT REGISTRAR
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The Directors present their report and the accounts for the year ended 31 December 2019.
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Principal activities
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Directors
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The Directors who served at any time during the year were as follows:
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C.M.S.J. Mott
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E.D.K. Mott
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Signed on behalf of the board
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E.D.K. Mott
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Director
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18 November 2020
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MDNP Holdings Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2019
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2018
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£
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£
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Fixed assets
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Investments
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3
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Current assets
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Debtors
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4
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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5
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(
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(
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Net current liabilities
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(
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(
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Total assets less current liabilities
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(
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Provisions for liabilities
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Deferred taxation
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6
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(
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Net assets/(liabilities)
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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7
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(
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Total equity
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 18 November 2020
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And signed on its behalf by:
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E.D.K. Mott
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Director
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MDNP Holdings Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 31 December 2019
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1
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Accounting policies
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General information
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
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The following principal accounting policies have been applied in the preparation of these financial statements. These policies have been consistently applied to all years presented unless otherwise stated.
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Basis of preparation
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The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies.
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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Investments
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Trade and other debtors
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Trade and other creditors
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Financial instruments
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Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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2
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Employees
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2019
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2018
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Number
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Number
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The average number of persons employed during the year :
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3
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Investments
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Other investments - Listed
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Total
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£
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£
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Cost or valuation
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At 1 January 2019
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Additions
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Revaluation
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Disposals
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(
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(
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At 31 December 2019
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Provisions/Impairment
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At 1 January 2019
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Revaluation
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(
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(
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At 31 December 2019
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Net book values
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At 31 December 2019
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At 31 December 2018
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4
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Debtors
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2019
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2018
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£
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£
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Other debtors
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5
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Creditors:
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amounts falling due within one year
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2019
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2018
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£
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£
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Non-equity preference shares
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Loans from directors
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Accruals and deferred income
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6
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Provisions for liabilities
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Deferred taxation
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Accelerated Capital Allowances, Losses and Other Timing Differences
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Total
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£
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£
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Charge to the profit and loss account for the period
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12,834
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At 31 December 2019
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12,834
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2019
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2018
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£
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£
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Other timing differences
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7
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Reserves
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8
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Share capital
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The company has the following shares in issue, none of which are paid up at par:
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120 Voting shares of £1 each, which hold no rights to profits or equity.
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7,503,000 Ordinary A shares of £0.01 each
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7,503,000 Ordinary B shares of £0.01 each
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7,503,000 Ordinary C shares of £0.01 each
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2,501,000 Ordinary M shares of £0.01 each
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The various classes of Ordinary shares participate fully in the profits and equity of the company, but do not carry voting rights.
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In addition to the above, there are 500,000 Non-voting preference shares of £1 each which are fully paid but presented with liabilities in accordance with paragraph 22.5(e) of FRS 102. The preference shares are redeemable at the option of the shareholder.
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9
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Related party disclosures
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Controlling parties
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Immediate controlling party
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Ultimate controlling party
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The Directors
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10
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Additional information
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Its registered number is:
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Its registered office is:
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