M N N Projects Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14527137

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,306		15,993

			15,306		15,993
CURRENT ASSETS
Debtors	5	325		325
Cash at bank and in hand		-		1,311

		325		1,636
Creditors: Amounts Falling Due Within One Year	6	(19,516 )		(7,783 )

NET CURRENT ASSETS (LIABILITIES)			(19,191 )		(6,147 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,885 )		9,846

NET (LIABILITIES)/ASSETS			(3,885 )		9,846

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(3,886 )		9,845

SHAREHOLDERS' FUNDS			(3,885)		9,846

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M Neal

Director

19 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

M N N Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14527137 . The registered office is 45 City Road, Chester, Cheshire, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in future, he believes that the going concern basis is appropriate for these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Motor Vehicles	25% on net book value
Office equipment	20% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 1)

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M N N Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Office equipment	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	8,829	9,250	865	1,941	20,885
Additions	3,449	-	1,083	-	4,532

As at 31 December 2024	12,278	9,250	1,948	1,941	25,417

Depreciation
As at 1 January 2024	1,766	2,313	173	640	4,892
Provided during the period	2,455	1,734	390	640	5,219

As at 31 December 2024	4,221	4,047	563	1,280	10,111

Net Book Value
As at 31 December 2024	8,057	5,203	1,385	661	15,306

As at 1 January 2024	7,063	6,937	692	1,301	15,993

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	325	325

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	955	3,520
Bank loans and overdrafts	9,352	-
Other creditors	2,085	1,780
Taxation and social security	7,124	2,483

	19,516	7,783

7. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	1	1

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M N N Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024	31 December 2023
	£	£
Not later than one year	6,787	-
Later than one year and not later than five years	6,787	-

	13,574	-

9. Dividends

	31 December 2024	31 December 2023
	£	£
On equity shares:
Interim dividend paid	-	2,600
Final dividend paid	29,700	-

	29,700	2,600

During the year dividends have been paid in excess of distributable reserves, contrary to the Companies Act 2006. Any reserves paid out may become repayable by the shareholders at a later date.

10. Related Party Transactions

The director has made an interest free loan available to the company of £85 (2023 - £80) which is repayable on demand.

The director has personally guaranteed the monthly car lease.

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