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REGISTERED NUMBER: 00439308 (England and Wales)














Financial Statements

for the Year Ended 30 April 2024

for

The M.R. Estate Company Limited

The M.R. Estate Company Limited (Registered number: 00439308)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The M.R. Estate Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs V C Mercer
Mrs V H Taylor
Mr P D Mercer
Mr M E Taylor
Mrs V Mercer
Mr S Mercer
Mrs S Greener
Mr L Mercer
Miss N Mercer
Miss R Mercer
Mr B Taylor
Mr J Taylor
Mrs E Jacobs
Ms M K Bunce



SECRETARY: Mrs V C Mercer



REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ



REGISTERED NUMBER: 00439308 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr I Sluckis FCA



AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

The M.R. Estate Company Limited (Registered number: 00439308)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,290,298 2,290,298
Investments 5 83,829 83,952
2,374,127 2,374,250

CURRENT ASSETS
Debtors 6 175,130 155,407
Cash at bank and in hand 148,224 235,756
323,354 391,163
CREDITORS
Amounts falling due within one year 7 171,248 148,381
NET CURRENT ASSETS 152,106 242,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,233

2,617,032

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Capital reserve 504,263 504,263
Retained earnings 1,921,970 2,012,769
SHAREHOLDERS' FUNDS 2,526,233 2,617,032

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 18 January 2025 and were signed on its behalf by:





Mr P D Mercer - Director


The M.R. Estate Company Limited (Registered number: 00439308)

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

1. STATUTORY INFORMATION

The M.R. Estate Company 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.

Investments
Listed investments are stated at cost. The market value of listed investments is shown by way of a note.

Tangible fixed assets
Land and buildings previously classified as investment properties held at cost have been transferred to tangible fixed assets as a reliable measure of fair value is not available without undue cost or effort.

The directors consider that no useful purpose would be served in incurring the considerable expenses involved in an independent professional valuation. They are of the opinion that the market value of the portfolio exceeds the total book value at the balance sheet date and thus no depreciation has been provided.

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.

Investment income
Dividend income and bank interest are accounted for when received.

Turnover
Income from properties is accounted for on a receivable basis after making provision for bad debts.

Grant income
Grants of a revenue nature are credited to income in the period to which they relate.

Going concern
The company's financial statements for the year ended 30 April 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The M.R. Estate Company Limited (Registered number: 00439308)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023
and 30 April 2024 2,290,298
NET BOOK VALUE
At 30 April 2024 2,290,298
At 30 April 2023 2,290,298

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 83,952
Disposals (123 )
At 30 April 2024 83,829
NET BOOK VALUE
At 30 April 2024 83,829
At 30 April 2023 83,952

The market value of the investments at the year end amount to £569,010, valued by Arnold, Stansby & Co, Members of the London Stock Exchange.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,103 101,886
Other debtors 97,027 53,521
175,130 155,407

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 89,779 80,778
Other creditors 81,469 67,603
171,248 148,381

The M.R. Estate Company Limited (Registered number: 00439308)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr I Sluckis FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor