REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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MRH DEVELOPMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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MRH DEVELOPMENTS LIMITED |
MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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MRH DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 November 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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STATEMENT OF FINANCIAL POSITION |
30 November 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 November 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2019 |
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1. | STATUTORY INFORMATION |
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MRH Developments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions 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 historical cost |
convention. |
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The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure |
is required to show a true and fair view. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below. |
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Turnover |
Turnover represents the value of construction work undertaken on behalf of customers in the year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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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. |
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Financial instruments |
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts, |
trade creditors and accruals. |
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Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan |
accounts, trade creditors and accruals and are measured initially and subsequently at the undiscounted amount of |
the cash or other consideration that is expected to be paid or received. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
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Going concern |
The company is dependent on the financial support of the director. At the balance sheet date, the amount owing |
to the director was £157,453 (2018: £150,247) and would normally be repayable on demand. The director, |
however, has indicated that he will not demand repayment of the loan during a period of at least one year from |
the date on which the director approves the financial statements. The director has prepared plans and forecasts |
for the next twelve months and is taking the necessary action to reduce the losses and restore profitability. On |
this basis, together the willingness of the director to provide further financial support where necessary, the |
director considers the company to be a going concern, but inherently, there can be no certainty to these views. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 December 2018 |
and 30 November 2019 |
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DEPRECIATION |
At 1 December 2018 |
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Charge for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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7. | RELATED PARTY DISCLOSURES |
MRH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05619911) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2019 |
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7. | RELATED PARTY DISCLOSURES - continued |
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The company is under the control of the directors. |