Silverfin false false 30/11/2024 01/12/2023 30/11/2024 R M J Brokenshire Trow 12/06/2020 J A Brokenshire Trow 12/06/2020 A E Trotter 12/06/2020 S A Trotter 12/06/2020 M A Trotter 12/06/2020 19 August 2025 The principal activity of the company is property development and investment. 12667269 2024-11-30 12667269 bus:Director1 2024-11-30 12667269 bus:Director2 2024-11-30 12667269 bus:Director3 2024-11-30 12667269 bus:Director4 2024-11-30 12667269 bus:Director5 2024-11-30 12667269 2023-11-30 12667269 core:CurrentFinancialInstruments 2024-11-30 12667269 core:CurrentFinancialInstruments 2023-11-30 12667269 core:ShareCapital 2024-11-30 12667269 core:ShareCapital 2023-11-30 12667269 core:RetainedEarningsAccumulatedLosses 2024-11-30 12667269 core:RetainedEarningsAccumulatedLosses 2023-11-30 12667269 core:OfficeEquipment 2023-11-30 12667269 core:OfficeEquipment 2024-11-30 12667269 2023-12-01 2024-11-30 12667269 bus:FilletedAccounts 2023-12-01 2024-11-30 12667269 bus:SmallEntities 2023-12-01 2024-11-30 12667269 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12667269 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12667269 bus:Director1 2023-12-01 2024-11-30 12667269 bus:Director2 2023-12-01 2024-11-30 12667269 bus:Director3 2023-12-01 2024-11-30 12667269 bus:Director4 2023-12-01 2024-11-30 12667269 bus:Director5 2023-12-01 2024-11-30 12667269 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 12667269 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 12667269 (England and Wales)

MJR RENOVATIONS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

MJR RENOVATIONS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

MJR RENOVATIONS LTD

BALANCE SHEET

As at 30 November 2024
MJR RENOVATIONS LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Stocks 4 371,045 340,829
Debtors 5 1,977 2,364
Cash at bank and in hand 675 2,205
373,697 345,398
Creditors: amounts falling due within one year 6 ( 301,031) ( 266,772)
Net current assets 72,666 78,626
Total assets less current liabilities 72,666 78,626
Net assets 72,666 78,626
Capital and reserves
Called-up share capital 120 120
Profit and loss account 72,546 78,506
Total shareholders' funds 72,666 78,626

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.

Directors' responsibilities:

The financial statements of MJR Renovations Ltd (registered number: 12667269) were approved and authorised for issue by the Board of Directors on 19 August 2025. They were signed on its behalf by:

S A Trotter
Director
MJR RENOVATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
MJR RENOVATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MJR Renovations Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Alan's House, 51 Holton Road, Holton Heath Trading Park, Poole, Dorset, BH16 6LT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

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 the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2023 699 699
At 30 November 2024 699 699
Accumulated depreciation
At 01 December 2023 699 699
At 30 November 2024 699 699
Net book value
At 30 November 2024 0 0
At 30 November 2023 0 0

4. Stocks

2024 2023
£ £
Stocks 371,045 340,829

5. Debtors

2024 2023
£ £
Trade debtors 374 1,493
Prepayments 1,603 871
1,977 2,364

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,137 3,953
Amounts owed to directors 295,320 260,197
Accruals 3,574 3,553
Corporation tax 0 ( 931)
301,031 266,772