Company registration number: 04124778
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
MRV Developments Limited
Pages for filing with the Registrar
MRV Developments Limited
Accountants’ Report to the Director for the preparation of the unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MRV Developments Limited for the year ended 31 December 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Director of MRV Developments Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MRV Developments Limited and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MRV Developments Limited and its Director for our work, or for this report.
It is your duty to ensure that MRV Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MRV Developments Limited. You consider that MRV Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MRV Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Crunchwise Accountants Ltd
Directors Generals House
15 Rockstone Place
Southampton
Hampshire
SO15 2EP
United Kingdom
Date: 11 September 2026
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Company registration number: 04124778
MRV Developments Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Investment property 4 603,750 526,000
603,750 526,000
Current assets
Cash at bank and in hand 188,629 143,187
188,629 143,187
Creditors: amounts falling due within one year
5 (131,253) (129,937)
Net current assets 57,376 13,250
Total assets less current liabilities 661,126 539,250
Creditors: Amounts falling due after more than one year
(10,700) -
Provisions for liabilities (27,692) (8,065)
NET ASSETS 622,734 531,185
Capital and reserves
Called up share capital 1 1
Profit and loss account 622,733 531,184
TOTAL EQUITY 622,734 531,185
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04124778
MRV Developments Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Vincent, Director
11 September 2026
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MRV Developments Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
MRV Developments Limited is a private company registered in England and Wales. Its registered number is 04124778. The company is limited by shares. Its registered office is 25 Bassett Crescent East, Southampton, Hampshire, SO16 7PD.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its 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 taxation. Tax is recognised in the Profit and loss account, 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.
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MRV Developments Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Investment property
£
Valuation
At 1 January 2025 526,000
Revaluations 77,750
At 31 December 2025 603,750
5 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 1 -
Amounts owed to directors 122,357 122,230
Taxation 7,815 6,513
Accruals and deferred income 1,080 1,194
131,253 129,937
6 Investment property valuation
The fair value of the investment properties at 31 December 2025 was determined by the director using an income capitalisation approach based on annual passing rents and an 8% yield. The yield reflects the director’s assessment of an appropriate market yield for the properties at the reporting date. The valuation was not undertaken by an independent professionally qualified valuer.
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MRV Developments Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Prior period restatement
Following a review of the tax basis of the investment properties, the comparative deferred tax provision has been restated to reflect available corporation tax indexation allowance. The deferred tax liability at 1 January 2024 has been reduced from £25,833 to £nil, increasing opening retained earnings by £25,833. The deferred tax charge for the year ended 31 December 2024 has been restated from £10,450 to £8,065, increasing profit for that year by £2,385. The deferred tax liability at 31 December 2024 has consequently reduced from £36,283 to £8,065.
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