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REGISTERED NUMBER: 10296760 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2024

for

MHR Properties Limited

MHR Properties Limited (Registered number: 10296760)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MHR Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M H Revitt
K Moore





REGISTERED OFFICE: 9 Nook End
Sheffield
S6 6AR





REGISTERED NUMBER: 10296760 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

MHR Properties Limited (Registered number: 10296760)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 383 -

CURRENT ASSETS
Stocks 352,155 638,559
Debtors 5 611 -
Cash at bank 2,860 2,055
355,626 640,614
CREDITORS
Amounts falling due within one year 6 (273,934 ) (558,761 )
NET CURRENT ASSETS 81,692 81,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,075

81,853

CREDITORS
Amounts falling due after more than one
year

7

(38,363

)

(46,711

)
NET ASSETS 43,712 35,142

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 43,708 35,138
SHAREHOLDERS' FUNDS 43,712 35,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MHR Properties Limited (Registered number: 10296760)

Balance Sheet - continued
31 July 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 15 April 2025 and were signed on its behalf by:





K Moore - Director


MHR Properties Limited (Registered number: 10296760)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

MHR Properties 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 represented by the sale of properties constructed, property renovations and developments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

MHR Properties Limited (Registered number: 10296760)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 2,157
Additions 765
Disposals (670 )
At 31 July 2024 2,252
DEPRECIATION
At 1 August 2023 2,157
Charge for year 382
Eliminated on disposal (670 )
At 31 July 2024 1,869
NET BOOK VALUE
At 31 July 2024 383
At 31 July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
VAT 329 -
Prepayments 282 -
611 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans 100,000 150,000
Tax 1,921 7,743
VAT - 28,228
Other creditors 44,261 126,761
Directors' current accounts 124,374 244,329
Accrued expenses 3,378 1,700
273,934 558,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans 38,363 46,711

MHR Properties Limited (Registered number: 10296760)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
4 Ordinary 1 4 4

9. RESERVES
Retained
earnings
£   

At 1 August 2023 35,138
Profit for the year 8,570
At 31 July 2024 43,708

10. ULTIMATE CONTROLLING PARTY

The two Directors are the Ultimate Controlling Parties.