Registered number
14573779
Murray Rix Holdings Ltd
Filleted Accounts
31 December 2024
Murray Rix Holdings Ltd
Registered number: 14573779
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,440,058 1,440,058
Current assets
Debtors 4 232 232
Creditors: amounts falling due within one year 5 (432,433) (432,433)
Net current liabilities (432,201) (432,201)
Total assets less current liabilities 1,007,857 1,007,857
Creditors: amounts falling due after more than one year 6 (678,068) (885,084)
Net assets 329,789 122,773
Capital and reserves
Called up share capital 290 290
Profit and loss account 329,499 122,483
Shareholders' funds 329,789 122,773
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Hutchings
Director
Approved by the board on 25 April 2025
Murray Rix Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 1,440,058
At 31 December 2024 1,440,058
4 Debtors 2024 2023
£ £
Other debtors 232 232
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 192,433 192,433
Amounts owed to group undertakings and undertakings in which the company has a participating interest 190,000 190,000
Other creditors 50,000 50,000
432,433 432,433
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 348,068 485,084
Other creditors 330,000 400,000
678,068 885,084
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 540,501 677,517
Debentures to secure the loan have been taken over the assets and undertakings of the company and those of Murray Rix (Northern) Limited, it's subsidiary. A composite guarantee from Murray Rix (Northern) Limited has been taken in repect of the obligations of the company and the lender. A joint and several personal guarantee has been taken from the directors in respect of the obligations of the company and the lender. An intercreditor deed between the lender, the company and the director has been made.
8 Other information
Murray Rix Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Andrew House
Hadfield Street
Dukinfield
SK16 4QX
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