Registered number
09515571
MKR CONSULTANTS LTD
Filleted Accounts
31 March 2024
MKR CONSULTANTS LTD
Registered number: 09515571
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,567,116 3,491,316
Current assets
Debtors 4 5,526 5,971
Cash at bank and in hand 41,942 125,069
47,468 131,040
Creditors: amounts falling due within one year 5 (48,241) (55,388)
Net current (liabilities)/assets (773) 75,652
Total assets less current liabilities 3,566,343 3,566,968
Creditors: amounts falling due after more than one year 6 (2,836,307) (2,845,198)
Net assets 730,036 721,770
Capital and reserves
Called up share capital 10 10
Revaluation reserve 7 442,892 442,892
Profit and loss account 287,134 278,868
Shareholder's funds 730,036 721,770
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR MANJIT K RAM
Director
Approved by the board on 29 November 2024
MKR CONSULTANTS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 3,491,316 7,000 3,498,316
Additions 75,800 - 75,800
At 31 March 2024 3,567,116 7,000 3,574,116
Depreciation
At 1 April 2023 - 7,000 7,000
At 31 March 2024 - 7,000 7,000
Net book value
At 31 March 2024 3,567,116 - 3,567,116
At 31 March 2023 3,491,316 - 3,491,316
4 Debtors 2024 2023
£ £
Trade debtors 4,276 4,721
Other debtors 1,250 1,250
5,526 5,971
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,760 5,750
Trade creditors 212 -
Accruals 1,980 1,980
Taxation and social security costs 1,939 17,554
Other creditors 38,350 30,104
48,241 55,388
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,661,611 1,675,839
Director's account 1,174,696 1,169,359
2,836,307 2,845,198
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 442,892 -
Gain on revaluation of land and buildings - 442,892
At 31 March 2024 442,892 442,892
8 Other information
MKR CONSULTANTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
25a HERBERT ROAD
HORNCHURCH
ROMFORD
ESSEX
RM11 3LH
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