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Registration number: 13508837

MRB Developments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

MRB Developments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

MRB Developments Ltd

Company Information

Directors

Mr Mark Geoffrey Smith

Mr Benjamin Lloyd Barnes

Mr Rupert Trevellyan Bolt

Registered office

Morgwn Atkins Limited
Eight Bells House
14 Church Street
Tetbury
Gloucestershire
GL8 8JG

 

MRB Developments Ltd

(Registration number: 13508837)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

2

350,000

350,000

Current assets

 

Debtors

3

6,716

2,728

Cash at bank and in hand

 

18,313

74,845

 

25,029

77,573

Creditors: Amounts falling due within one year

4

(39,484)

(79,061)

Net current liabilities

 

(14,455)

(1,488)

Total assets less current liabilities

 

335,545

348,512

Creditors: Amounts falling due after more than one year

4

(265,358)

(277,056)

Provisions for liabilities

(18,832)

(18,832)

Net assets

 

51,355

52,624

Capital and reserves

 

Called up share capital

1,200

1,200

Revaluation reserve

80,284

80,284

Retained earnings

(30,129)

(28,860)

Shareholders' funds

 

51,355

52,624

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 December 2024 and signed on its behalf by:
 

.........................................
Mr Mark Geoffrey Smith
Director

 

MRB Developments Ltd

(Registration number: 13508837)
Balance Sheet as at 30 June 2024 (continued)

.........................................
Mr Benjamin Lloyd Barnes
Director

.........................................
Mr Rupert Trevellyan Bolt
Director

 

MRB Developments Ltd

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

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

2

Investment properties

2024
£

At 1 July

350,000

At 30 June

350,000

The fair value of the property at 30 June 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £350,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

3

Debtors

2024
£

2023
£

Other debtors

6,716

2,642

Prepayments

-

86

6,716

2,728

 

MRB Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

36,660

76,660

Accruals and deferred income

 

973

1,174

Other creditors

 

1,851

1,227

 

39,484

79,061

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

263,916

275,614

Other non-current financial liabilities

 

1,442

1,442

 

265,358

277,056