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REGISTERED NUMBER: 09349307 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

MVL Enterprises Limited

MVL Enterprises Limited (Registered number: 09349307)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MVL Enterprises Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M V Law
Mrs P Law





REGISTERED OFFICE: Herons Oak
Northiam Road
Staplecross
East Sussex
TN32 5RP





REGISTERED NUMBER: 09349307 (England and Wales)





ACCOUNTANTS: Battle Consulancy Ltd
Herons Oak
Northiam Road
Staplecross
East Sussex
TN32 5RP

MVL Enterprises Limited (Registered number: 09349307)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,005 37,439
Investments 5 30,200 30,200
56,205 67,639

CURRENT ASSETS
Debtors 6 2,281 4,079
Cash at bank 426 2,372
2,707 6,451
CREDITORS
Amounts falling due within one year 7 46,376 38,635
NET CURRENT LIABILITIES (43,669 ) (32,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,536

35,455

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 30,100 30,100
Retained earnings (17,664 ) 5,255
12,536 35,455

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

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

MVL Enterprises Limited (Registered number: 09349307)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





M V Law - Director


MVL Enterprises Limited (Registered number: 09349307)

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

1. STATUTORY INFORMATION

MVL Enterprises 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.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MVL Enterprises Limited (Registered number: 09349307)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 59,013
Additions 19,499
Disposals (29,468 )
At 30 November 2024 49,044
DEPRECIATION
At 1 December 2023 21,574
Charge for year 8,832
Eliminated on disposal (7,367 )
At 30 November 2024 23,039
NET BOOK VALUE
At 30 November 2024 26,005
At 30 November 2023 37,439

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 30,200
NET BOOK VALUE
At 30 November 2024 30,200
At 30 November 2023 30,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 55 18
Other debtors 2,226 4,061
2,281 4,079

MVL Enterprises Limited (Registered number: 09349307)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 159 8,706
Taxation and social security (473 ) 142
Other creditors 46,690 29,787
46,376 38,635

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
M V Law and Mrs P Law
Balance outstanding at start of year 28,764 3,711
Amounts advanced 23,674 48,053
Amounts repaid (7,433 ) (23,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,005 28,764

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs MV Law.