Registered number
10421268
MNRBV Limited
Filleted Accounts
31 October 2024
MNRBV Limited
Registered number: 10421268
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 1,100,314 1,100,314
Current assets
Debtors 4 44 -
Cash at bank and in hand 14,082 2,755
14,126 2,755
Creditors: amounts falling due within one year 5 (244,000) (185,693)
Net current liabilities (229,874) (182,938)
Total assets less current liabilities 870,440 917,376
Creditors: amounts falling due after more than one year 6 (672,978) (763,101)
Net assets 197,462 154,275
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 196,462 153,275
Shareholders' funds 197,462 154,275
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.
Mohammad Naheed Randhawa
Director
Approved by the board on 22 July 2025
MNRBV Limited
Notes to the Accounts
for the year ended 31 October 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rental income made from leasing a freehold property to DPKBV Limited as a fast-food outlet.
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
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.
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.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment property
Cost
At 1 November 2023 1,100,314
At 31 October 2024 1,100,314
The company's investment property was valued by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.
4 Debtors 2024 2023
£ £
Other debtors 44 -
Other debtors include a VAT refund of £nil (2020 - £39.522).
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 14,396 13,445
Other creditors 229,604 172,248
244,000 185,693
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 672,978 763,101
7 Related party transactions
Included within other creditors is a directors' loan of £2,056 (2023 - £2,056).

Other creditors of £226,548 (2023 - £169,193) represent the loan owed to DPKBV Ltd (a company under common control).

During the year, the company charged the rent of £120,000 to DPKBV Ltd.
8 Controlling party
The directors do not consider there to be an ultimate controlling party.
9 Other information
MNRBV Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 4, Cranbrook House
61 Cranbrook Road
Ilford
Essex
IG1 4PG
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