Company No: 08913855 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.06.2026		31.01.2025
		£		£
Fixed assets
Tangible assets	3	0		12,056
		0		12,056
Current assets
Debtors	4	0		20,113
Cash at bank and in hand		0		3,111
		0		23,224
Creditors: amounts falling due within one year	5	( 1,869)		( 14,416)
Net current (liabilities)/assets		(1,869)		8,808
Total assets less current liabilities		(1,869)		20,864
Creditors: amounts falling due after more than one year	6	0		( 1,667)
Net (liabilities)/assets		( 1,869)		19,197
Capital and reserves
Called-up share capital		2		2
Profit and loss account		( 1,871 )		19,195
Total shareholder's (deficit)/funds		( 1,869)		19,197

For the financial period ending 30 June 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of MRL 3 Ltd (registered number: 08913855) were approved and authorised for issue by the Director on 03 July 2026. They were signed on its behalf by:

Mr S D Kilcoyne Director

1. Accounting policies

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

General information and basis of accounting

MRL 3 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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 or reducing balance basis over its expected useful life, as follows:

Vehicles

25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

2. Employees

	Period from 01.02.2025 to 30.06.2026		Year ended 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	1		1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 February 2025	29,415		29,415
Disposals	( 29,415)		( 29,415)
At 30 June 2026	0		0
Accumulated depreciation
At 01 February 2025	17,359		17,359
Charge for the financial period	1,507		1,507
Disposals	( 18,866)		( 18,866)
At 30 June 2026	0		0
Net book value
At 30 June 2026	0		0
At 31 January 2025	12,056		12,056

4. Debtors

	30.06.2026		31.01.2025
	£		£
Amounts owed by Group undertakings	0		19,980
Other debtors	0		133
	0		20,113

5. Creditors: amounts falling due within one year

	30.06.2026		31.01.2025
	£		£
Bank loans	0		5,000
Taxation and social security	0		7,633
Other creditors	1,869		1,783
	1,869		14,416

6. Creditors: amounts falling due after more than one year

	30.06.2026		31.01.2025
	£		£
Other creditors	0		1,667