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REGISTERED NUMBER: 14371118 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023

FOR

MULLEN GROUP LTD

MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULLEN GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023







DIRECTOR: J M Mullen





SECRETARY: J M Mullen





REGISTERED OFFICE: 141 Coroners Lane
Widnes
Cheshire
WA8 9HY





REGISTERED NUMBER: 14371118 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)

BALANCE SHEET
29 SEPTEMBER 2023

Notes £    £   
FIXED ASSETS
Investment property 4 329,000

CURRENT ASSETS
Debtors 5 2,607

CREDITORS
Amounts falling due within one year 6 303,535
NET CURRENT LIABILITIES (300,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,072

PROVISIONS FOR LIABILITIES 8 7,018
NET ASSETS 21,054

CAPITAL AND RESERVES
Called up share capital 9 1
Fair value reserve 10 27,479
Retained earnings 10 (6,426 )
SHAREHOLDERS' FUNDS 21,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2023 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.

MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)

BALANCE SHEET - continued
29 SEPTEMBER 2023


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 19 September 2024 and were signed by:





J M Mullen - Director


MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023

1. STATUTORY INFORMATION

Mullen Group Ltd 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.

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 period 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 period 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.

Going concern
The Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 294,443
Revaluations 34,557
At 29 September 2023 329,000
NET BOOK VALUE
At 29 September 2023 329,000

Fair value at 29 September 2023 is represented by:
£   
Valuation in 2023 34,557
Cost 294,443
329,000

The investment properties were valued on an open market basis on 29 September 2023 by the Director of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments 2,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans (see note 7) 191,870
Directors' current accounts 110,765
Accrued expenses 900
303,535

7. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Other loans 191,870

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 7,018

MULLEN GROUP LTD (REGISTERED NUMBER: 14371118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 SEPTEMBER 2022 TO 29 SEPTEMBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during period 7,018
Balance at 29 September 2023 7,018

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

Profit for the period 21,053 21,053
Revaluation of investment property (27,479 ) 27,479 -
At 29 September 2023 (6,426 ) 27,479 21,053

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 29 September the company owed the director £110,765. The amount owed is deemed repayable on demand. No interest is charged.