REGISTERED NUMBER: 11342031 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

MUNRO BUSINESS PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I R Munro

Mrs J E Munro

REGISTERED OFFICE:

3 & 4 Pegasus House

Pegasus Court, Olympus Avenue

Warwick

CV34 6LW

REGISTERED NUMBER:

11342031 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

1,156,942

1,155,999

CURRENT ASSETS

Stocks

326,617

326,617

Debtors

5

9,179

7,225

Cash at bank

13,506

13,309

349,302

347,151

CREDITORS

Amounts falling due within one year

6

418,460

441,923

NET CURRENT LIABILITIES

(69,158

)

(94,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,784

1,061,227

CREDITORS

Amounts falling due after more than one year

7

(240,995

)

(264,545

)

PROVISIONS FOR LIABILITIES

(107,996

)

(108,057

)

NET ASSETS

738,793

688,625

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

459,114

459,114

Retained earnings

279,579

229,411

SHAREHOLDERS' FUNDS

738,793

688,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

Mrs J E Munro - Director

1.	STATUTORY INFORMATION

Munro Business Park Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not depreciated

Improvements to property

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Computer

property

property

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2024

1,154,544

2,425

358

1,157,327

Additions

1,186

-

-

1,186

At 30 June 2025

1,155,730

2,425

358

1,158,513

DEPRECIATION

At 1 July 2024

-

970

358

1,328

Charge for year

-

243

-

243

At 30 June 2025

-

1,213

358

1,571

NET BOOK VALUE

At 30 June 2025

1,155,730

1,212

-

1,156,942

At 30 June 2024

1,154,544

1,455

-

1,155,999

Cost or valuation at 30 June 2025 is represented by:

Improvements

Freehold

to

Computer

property

property

equipment

Totals

£

£

£

£

Valuation in 2025

1,155,730

2,425

358

1,158,513

If Freehold Property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

587,737

587,737

Freehold Property was valued on an open market basis on 30 September 2022 by David Penn BA(Econ) BSc (Est Man) FRICS .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,363

5,140

Other debtors

1,816

2,085

9,179

7,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,510

22,510

Trade creditors

359

272

Amounts owed to associates

371,836

385,000

Taxation and social security

21,764

33,166

Other creditors

1,991

975

418,460

441,923

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

240,995

264,545

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

150,955

174,505

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

263,505

287,055

The bank loan is secured by a fixed and a floating charge (floating charge covers all the property or undertaking of the company).

9.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

459,114

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.