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Registration number: 03807526

Prepared for the registrar

MH Reconstruction 2025 Limited

Formerly Merbuild (Holdings) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

MH Reconstruction 2025 Limited

(Registration number: 03807526)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

25,301

73,801

Creditors: Amounts falling due within one year

5

(101)

(101)

Net assets

 

25,200

73,700

Capital and reserves

 

Called up share capital

67,200

67,200

Retained earnings

(42,000)

6,500

Shareholders' funds

 

25,200

73,700

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 August 2025
 


C P Towers
Director

 

MH Reconstruction 2025 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Merbuild (Holdings) Limited.

The address of its registered office is:
C/O Currie Young Limited
10 King Street
Newcastle-Under-Lyme
ST5 1EL

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

MH Reconstruction 2025 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

MH Reconstruction 2025 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

 

4

Investments

2024
£

2023
£

Investments in subsidiaries

25,301

73,801

Subsidiaries

£

Cost

At 1 December 2023

73,801

Provision

Impairment

48,500

Carrying amount

At 30 November 2024

25,301

At 30 November 2023

73,801

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Mercian Properties Limited

England and Wales

Ordinary

100%

100%

M D Shrewsbury Limited

England and Wales

Ordinary

100%

100%

Mercian Developments Limited

England and Wales

Ordinary

100%

100%

Merbuild Developments Limited

England and Wales

Ordinary

100%

100%

The aggregate amount of capital and reserves of Mercian Properties Limited at the end of the period was £4,399,546.

On 6 August 2018, M D Shrewsbury Limited entered into a Creditors' Voluntary Liquidation.

The aggregate amount of capital and reserves of Mercian Developments Limited at the end of the period was £497,577.

The aggregate amount of capital and reserves of Merbuild Developments Limited at the end of the period was £560,887.

 

MH Reconstruction 2025 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Subsidiary undertakings

Mercian Properties Limited

The principal activity of Mercian Properties Limited is property rental.

M D Shrewsbury Limited

The principal activity of M D Shrewsbury Limited is property rental.

Mercian Developments Limited

The principal activity of Mercian Developments Limited is property development.

Merbuild Developments Limited

The principal activity of Merbuild Developments Limited is property development.

 

5

Creditors

2024
£

2023
£

Due within one year

Amounts due to related parties

101

101

 

6

Financial commitments, guarantees and contingencies

There are cross guarantees between all group companies for the total indebtedness to the group's bankers.

 

7

Related party transactions

At the 30 November 2024, the company owed £101 (2023: £101) to related companies in the form of intercompany loan accounts. The balance is repayable on demand and no interest has been charged on the balance.

 

8

Non adjusting events after the financial period

On 20 March 2025, the company entered into a Members Voluntary Liquidation.