| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Investment property | 3 | 1,100,314 | 1,100,314 | ||||
| Current assets | |||||||
| Debtors | 4 | - | |||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
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| Net current liabilities | ( |
( |
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| Total assets less current liabilities | |||||||
| Creditors: amounts falling due after more than one year | 6 | ( |
( |
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| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Profit and loss account | |||||||
| Shareholders' funds | |||||||
| Mohammad Naheed Randhawa | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the year ended |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
| 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 | ||||||||
| Creditors | ||||||||
| Provisions | ||||||||
| 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. |
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| 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 | ||||||||
| 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 | - | |||||||
| 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 | ||||||||
| Other creditors | ||||||||
| 6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Bank loans | ||||||||
| 7 | Related party transactions | |||||||
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. |
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| 8 | 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 | ||||||||