REGISTERED NUMBER: 09339652 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MNR PROJECT CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N Redding

M Redding

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

REGISTERED NUMBER:

09339652 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

183

244

CURRENT ASSETS

Debtors

5

11,980

27,505

CREDITORS

Amounts falling due within one year

6

18,790

25,138

NET CURRENT (LIABILITIES)/ASSETS

(6,810

)

2,367

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,627

)

2,611

CREDITORS

Amounts falling due after more than one year

7

(125

)

(625

)

PROVISIONS FOR LIABILITIES

(46

)

(46

)

ACCRUALS AND DEFERRED INCOME

(1,872

)

(1,872

)

NET (LIABILITIES)/ASSETS

(8,670

)

68

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(8,680

)

58

SHAREHOLDERS' FUNDS

(8,670

)

68

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

M Redding - Director

Ms N Redding - Director

1.	STATUTORY INFORMATION

Mnr Project Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the in voiced value of services provided during the period, stated net of VAT.

Revenue from consulting is recognised when the service has been provided and all obligations to the customers have been fulfilled.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

There are material uncertainties related to events or conditions that may cast significant doubt about the company’s ability to continue as a going concern but the going concern basis remains appropriate; due to the IR35 status among the pharmaceutical industry the requirement for PAYE working is being used across the board and the requirement for intermediary company working is becoming limited.

Provisions

Provisions are recognised only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

772

DEPRECIATION

At 1 April 2024

528

Charge for year

61

At 31 March 2025

589

NET BOOK VALUE

At 31 March 2025

183

At 31 March 2024

244

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,424

9,836

Directors' loan accounts

7,556

17,669

11,980

27,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,997

7,959

Trade creditors

186

186

Corporation Tax

10,607

16,019

VAT

-

974

18,790

25,138

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

125

625

8.	DIRECTORS' TRANSACTIONS

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M Redding

Balance outstanding at start of year

17,669

29,901

Amounts advanced

36,277

25,142

Amounts repaid

(46,390

)

(37,374

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,556

17,669

Interest is being charged on the above loans at the HMRC approved rate and there are no set repayment terms.