Silverfin false false 30/09/2024 01/10/2023 30/09/2024 M R Hoare 17/02/2021 S J P Hoare 20/05/2021 26 November 2024 The principal activity of the Company during the financial period was that of a Holding Company. 13206726 2024-09-30 13206726 bus:Director1 2024-09-30 13206726 bus:Director2 2024-09-30 13206726 2023-09-30 13206726 core:CurrentFinancialInstruments 2024-09-30 13206726 core:CurrentFinancialInstruments 2023-09-30 13206726 core:Non-currentFinancialInstruments 2024-09-30 13206726 core:Non-currentFinancialInstruments 2023-09-30 13206726 core:ShareCapital 2024-09-30 13206726 core:ShareCapital 2023-09-30 13206726 core:CapitalRedemptionReserve 2024-09-30 13206726 core:CapitalRedemptionReserve 2023-09-30 13206726 core:RetainedEarningsAccumulatedLosses 2024-09-30 13206726 core:RetainedEarningsAccumulatedLosses 2023-09-30 13206726 core:CostValuation 2023-09-30 13206726 core:CostValuation 2024-09-30 13206726 2023-10-01 2024-09-30 13206726 bus:FilletedAccounts 2023-10-01 2024-09-30 13206726 bus:SmallEntities 2023-10-01 2024-09-30 13206726 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13206726 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13206726 bus:Director1 2023-10-01 2024-09-30 13206726 bus:Director2 2023-10-01 2024-09-30 13206726 2022-10-01 2023-09-30 13206726 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 13206726 (England and Wales)

MRH RESOURCES LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

MRH RESOURCES LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

MRH RESOURCES LTD

BALANCE SHEET

As at 30 September 2024
MRH RESOURCES LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 700,102 700,102
700,102 700,102
Current assets
Debtors 5 11,450 1
11,450 1
Creditors: amounts falling due within one year 6 ( 52,616) ( 71,347)
Net current liabilities (41,166) (71,346)
Total assets less current liabilities 658,936 628,756
Creditors: amounts falling due after more than one year 7 ( 402,503) ( 455,002)
Net assets 256,433 173,754
Capital and reserves
Called-up share capital 100 100
Capital redemption reserve 245,000 192,500
Profit and loss account 11,333 ( 18,846 )
Total shareholders' funds 256,433 173,754

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

Directors' responsibilities:

The financial statements of MRH Resources Ltd (registered number: 13206726) were approved and authorised for issue by the Board of Directors on 26 November 2024. They were signed on its behalf by:

M R Hoare
Director
MRH RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
MRH RESOURCES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MRH Resources Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hoare Banks Stonemasons, 19-21 Gloucester Road, Bournemouth, BH7 6DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

The value of the preference shares redeemed have been transferred from the profit and loss account to the capital redemption reserve

As previously reported Adjustment As restated
Year ended 30 September 2023 £ £ £
Profit and loss account 173,654 (192,500) (18,846)
Capital redemption reserve 0 192,500 192,500

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 700,102
At 30 September 2024 700,102
Carrying value at 30 September 2024 700,102
Carrying value at 30 September 2023 700,102

5. Debtors

2024 2023
£ £
Other debtors 11,450 1

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 63 63
Taxation and social security 53 0
Other creditors 52,500 71,284
52,616 71,347

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 402,503 455,002

There are no amounts included above in respect of which any security has been given by the small entity.