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REGISTERED NUMBER: 05695422 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MRER Limited

MRER Limited (Registered number: 05695422)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MRER Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Rix
Ms E Rix
A Rix





REGISTERED OFFICE: Abbey Gate
Bocombe Road
Dunstable
Bedfordshire
LU5 4FA





REGISTERED NUMBER: 05695422 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MRER Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MRER Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MRER Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MRER Limited and state those matters that we have agreed to state to the Board of Directors of MRER Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MRER Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MRER Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MRER Limited. You consider that MRER Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MRER Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB


5 September 2024

MRER Limited (Registered number: 05695422)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 831,184 800,099
Investment property 6 560,000 560,000
1,391,184 1,360,099

CURRENT ASSETS
Stocks 61,725 130,770
Debtors 7 135,677 396,021
Cash at bank and in hand 775,567 1,008,532
972,969 1,535,323
CREDITORS
Amounts falling due within one year 8 190,333 692,734
NET CURRENT ASSETS 782,636 842,589
TOTAL ASSETS LESS CURRENT LIABILITIES 2,173,820 2,202,688

CREDITORS
Amounts falling due after more than one
year

9

(327,560

)

(363,112

)

PROVISIONS FOR LIABILITIES (111,445 ) (103,550 )
NET ASSETS 1,734,815 1,736,026

CAPITAL AND RESERVES
Called up share capital 2,200 2,200
Other reserves 208,870 208,870
Retained earnings 1,523,745 1,524,956
SHAREHOLDERS' FUNDS 1,734,815 1,736,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

MRER Limited (Registered number: 05695422)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





J Rix - Director


MRER Limited (Registered number: 05695422)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MRER 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


MRER Limited (Registered number: 05695422)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 230,000
AMORTISATION
At 1 July 2023
and 30 June 2024 230,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

MRER Limited (Registered number: 05695422)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 656,130 136,996 13,993 150,452 957,571
Additions - 106,718 2,358 13,400 122,476
Disposals - - (515 ) (5,200 ) (5,715 )
At 30 June 2024 656,130 243,714 15,836 158,652 1,074,332
DEPRECIATION
At 1 July 2023 - 66,821 6,140 84,511 157,472
Charge for year - 58,848 1,608 30,563 91,019
Eliminated on disposal - - (143 ) (5,200 ) (5,343 )
At 30 June 2024 - 125,669 7,605 109,874 243,148
NET BOOK VALUE
At 30 June 2024 656,130 118,045 8,231 48,778 831,184
At 30 June 2023 656,130 70,175 7,853 65,941 800,099

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 560,000
NET BOOK VALUE
At 30 June 2024 560,000
At 30 June 2023 560,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 5,725
Valuation in 2017 272,769
Cost 281,506
560,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 127,312 389,084
Other debtors 8,365 6,937
135,677 396,021

MRER Limited (Registered number: 05695422)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 21,536 19,493
Trade creditors 51,928 250,052
Taxation and social security 96,154 357,894
Other creditors 20,715 65,295
190,333 692,734

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 175,445 207,267
Other creditors 152,115 155,845
327,560 363,112

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 77,282 114,906
Other loans more 5yrs instal 152,115 155,845
229,397 270,751