IRIS Accounts Production v24.3.2.46 12804763 director 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128047632023-07-31128047632024-07-31128047632023-08-012024-07-31128047632022-07-31128047632022-08-012023-07-31128047632023-07-3112804763ns15:EnglandWales2023-08-012024-07-3112804763ns14:PoundSterling2023-08-012024-07-3112804763ns10:Director12023-08-012024-07-3112804763ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112804763ns10:SmallEntities2023-08-012024-07-3112804763ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112804763ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112804763ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112804763ns10:FullAccounts2023-08-012024-07-3112804763ns10:OrdinaryShareClass12023-08-012024-07-3112804763ns10:OrdinaryShareClass22023-08-012024-07-3112804763ns10:RegisteredOffice2023-08-012024-07-3112804763ns5:CurrentFinancialInstruments2024-07-3112804763ns5:CurrentFinancialInstruments2023-07-3112804763ns5:ShareCapital2024-07-3112804763ns5:ShareCapital2023-07-3112804763ns5:FurtherSpecificReserve1ComponentTotalEquity2024-07-3112804763ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-3112804763ns5:RetainedEarningsAccumulatedLosses2024-07-3112804763ns5:RetainedEarningsAccumulatedLosses2023-07-3112804763ns5:CostValuation2023-07-3112804763ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112804763ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112804763ns10:OrdinaryShareClass12024-07-3112804763ns10:OrdinaryShareClass22024-07-31128047631ns10:Director12023-07-31128047631ns10:Director12022-07-31128047631ns10:Director12023-08-012024-07-31128047631ns10:Director12022-08-012023-07-31128047631ns10:Director12024-07-31128047631ns10:Director12023-07-31
REGISTERED NUMBER: 12804763 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

MTRE Group Ltd

MTRE Group Ltd (Registered number: 12804763)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MTRE Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M G Toone





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





BUSINESS ADDRESS: 42 Berkeley Square
London
W1J 5AW





REGISTERED NUMBER: 12804763 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

MTRE Group Ltd (Registered number: 12804763)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,699,362 4,699,362

CURRENT ASSETS
Debtors 5 3,457,540 2,440,154
Cash at bank 163,512 9,074
3,621,052 2,449,228
CREDITORS
Amounts falling due within one year 6 4,460,809 3,234,069
NET CURRENT LIABILITIES (839,757 ) (784,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,859,605

3,914,521

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Merger relief reserve 3,617,993 3,617,993
Retained earnings 240,612 295,528
SHAREHOLDERS' FUNDS 3,859,605 3,914,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 November 2024 and were signed by:




M G Toone - Director


MTRE Group Ltd (Registered number: 12804763)

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

1. STATUTORY INFORMATION

MTRE 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.

Preparation of consolidated financial statements
The financial statements contain information about MTRE Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments are recognised initially at fair value or at cost less impairment.

Merger relief reserve
The company has previously issued shares in consideration for the shares of another company. The estimated fair value of the shares issued in exchange has been recognised and a merger relief reserve recorded in accordance the Companies Act merger relief rules.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MTRE Group Ltd (Registered number: 12804763)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 4,699,362
NET BOOK VALUE
At 31 July 2024 4,699,362
At 31 July 2023 4,699,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings 96,093 147,093
Amounts owed by associates 2,597,551 2,251,129
Other debtors 737,064 -
Directors' current accounts 26,832 41,932
3,457,540 2,440,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 3,611,236 2,470,985
Corporation Tax 880 -
VAT 180,967 125,358
Other creditors 667,726 637,726
4,460,809 3,234,069

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
264 Ordinary A £1 264 264
736 Ordinary B £1 736 736
1,000 1,000

MTRE Group Ltd (Registered number: 12804763)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
M G Toone
Balance outstanding at start of year 41,932 42,204
Amounts advanced 26,832 41,932
Amounts repaid (41,932 ) (42,204 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,832 41,932