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Mining And Metals Research Corporation Ltd

Registered Number
12243913
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

Mining And Metals Research Corporation Ltd
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Mrs DE Long
Dr RD Long

Registered Address

8 Dunsmore Gardens
Yateley
GU46 6FJ

Registered Number

12243913 (England and Wales)
Mining And Metals Research Corporation Ltd
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,086893
1,086893
Current assets
Debtors43,26818,058
Current asset investments95,67311,226
Cash at bank and on hand87,992138,509
186,933167,793
Creditors amounts falling due within one year5(29,011)(23,421)
Net current assets (liabilities)157,922144,372
Total assets less current liabilities159,008145,265
Net assets159,008145,265
Capital and reserves
Called up share capital22
Revaluation reserve(32,264)(40,600)
Profit and loss account191,270185,863
Shareholders' funds6159,008145,265
The financial statements were approved and authorised for issue by the Board of Directors on 11 April 2025, and are signed on its behalf by:
Dr RD Long
Director
Registered Company No. 12243913
Mining And Metals Research Corporation Ltd
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
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.
Functional and presentation currency
The presentation currency of the financial statements is the Pound Sterling (£).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Fixtures and fittings4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities. Financial assets are measured at amortised cost and comprise of cash and cash equivalents and trade and other debtors. Financial liabilities are measured at amortised cost and comprise of trade and other creditors.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 232,427
Additions885
At 31 October 243,312
Depreciation and impairment
At 01 November 231,533
Charge for year693
At 31 October 242,225
Net book value
At 31 October 241,086
At 31 October 23893
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-9,000
Prepayments and accrued income3,2689,058
Total3,26818,058
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security26,82321,443
Other creditors1,058683
Accrued liabilities and deferred income1,1301,295
Total29,01123,421
6.Revaluation reserve

£
Reserve at 01 November 23(40,600)
Revaluations of other assets8,336
At 31 October 24(32,264)