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REGISTERED NUMBER: 08627503 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mineral Resources Professional Limited

Mineral Resources Professional Limited (Registered number: 08627503)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mineral Resources Professional Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M P Howson





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
BS32 4JY





REGISTERED NUMBER: 08627503 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Mineral Resources Professional Limited (Registered number: 08627503)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40 77
Investment property 5 275,000 275,000
275,040 275,077

CURRENT ASSETS
Debtors 6 887 235
Cash at bank 40,917 34,966
41,804 35,201
CREDITORS
Amounts falling due within one year 7 56,949 55,140
NET CURRENT LIABILITIES (15,145 ) (19,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES 259,895 255,138

PROVISIONS FOR LIABILITIES 6,493 6,501
NET ASSETS 253,402 248,637

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 45,286 45,286
Retained earnings 9 208,114 203,349
SHAREHOLDERS' FUNDS 253,402 248,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:



Mr M P Howson - Director


Mineral Resources Professional Limited (Registered number: 08627503)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mineral Resources Professional 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2023 - NIL).

Mineral Resources Professional Limited (Registered number: 08627503)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 3,157 3,117 6,274
DEPRECIATION
At 1 April 2023 3,157 3,040 6,197
Charge for year - 37 37
At 31 March 2024 3,157 3,077 6,234
NET BOOK VALUE
At 31 March 2024 - 40 40
At 31 March 2023 - 77 77

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 275,000
NET BOOK VALUE
At 31 March 2024 275,000
At 31 March 2023 275,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 21,771
Valuation in 2017 15,000
Valuation in 2023 15,000
Cost 223,229
275,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 223,229 223,229

Investment property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 887 235

Mineral Resources Professional Limited (Registered number: 08627503)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 1,114 924
Directors' current accounts 53,630 53,026
Deferred income 390 390
Accrued expenses 1,815 800
56,949 55,140

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 203,349 45,286 248,635
Profit for the year 4,765 - 4,765
At 31 March 2024 208,114 45,286 253,400