REGISTERED NUMBER: 14371118 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

MULLEN GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Mullen

SECRETARY:

J M Mullen

REGISTERED OFFICE:

141 Coroners Lane

Widnes

Cheshire

WA8 9HY

REGISTERED NUMBER:

14371118 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Investment property

4

556,484

329,000

CURRENT ASSETS

Debtors

5

8,074

2,607

Cash at bank

50,762

-

58,836

2,607

CREDITORS

Amounts falling due within one year

6

157,499

303,535

NET CURRENT LIABILITIES

(98,663

)

(300,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

457,821

28,072

CREDITORS

Amounts falling due after more than one year

7

(399,860

)

-

PROVISIONS FOR LIABILITIES

9

(14,490

)

(7,018

)

NET ASSETS

43,471

21,054

CAPITAL AND RESERVES

Called up share capital

10

1

1

Fair value reserve

62,509

27,479

Retained earnings

(19,039

)

(6,426

)

SHAREHOLDERS' FUNDS

43,471

21,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

J M Mullen - Director

1.	STATUTORY INFORMATION

Mullen Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income received, excluding value added tax, where applicable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 September 2023

329,000

Additions

178,696

Revaluations

48,788

At 29 September 2024

556,484

NET BOOK VALUE

At 29 September 2024

556,484

At 29 September 2023

329,000

Fair value at 29 September 2024 is represented by:

£

Valuation in 2023

34,557

Valuation in 2024

48,788

Cost

473,139

556,484

The investment properties were valued on an open market basis on 29 September 2024 by the Director of the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29/9/24

29/9/23

£

£

Prepayments

8,074

2,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29/9/24

29/9/23

£

£

Other loans (see note 8)

-

191,870

Other creditors

900

-

Directors' current accounts

154,019

110,765

Accrued expenses

2,580

900

157,499

303,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29/9/24

29/9/23

£

£

Other loans (see note 8)

399,860

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

399,860

-

8.

LOANS

An analysis of the maturity of loans is given below:

29/9/24

29/9/23

£

£

Amounts falling due within one year or on demand:

Other loans

-

191,870

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

399,860

-

9.	PROVISIONS FOR LIABILITIES

29/9/24

29/9/23

£

£

Deferred tax

14,490

7,018

Deferred

tax

£

Balance at 30 September 2023

7,018

Provided during year

7,472

Balance at 29 September 2024

14,490

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29/9/24

29/9/23

value:

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 29 September 2024 the company owed the director £154,019. The amount owed is deemed repayable on demand and no interest has been charged.