MRST INVESTMENTS LTD - Limited company accounts 18.2

REGISTERED NUMBER: 10491390 (England and Wales)

Report of the Directors and

Audited Financial Statements for the Year Ended 30 November 2019

for

MRST INVESTMENTS LTD

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

M R Chowdhury

M R Khan

S A Murshed

SECRETARY:

M R Chowdhury

REGISTERED OFFICE:

156-B Green Street

London

E7 8JQ

REGISTERED NUMBER:

10491390 (England and Wales)

AUDITORS:

Alexander Dave

Chartered Accountants

5 Braemore Court

Cockfosters Raod

Herts

EN4 OAE

The directors present their report with the financial statements of the company for the year ended 30 November 2019.

DIRECTORS

The directors shown below have held office during the whole of the period from

1 December 2018 to the date of this report.

M R Chowdhury

M R Khan

S A Murshed

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the

financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each

financial year. Under that law the directors have elected to prepare the

financial statements in accordance with United Kingdom Generally Accepted

Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the directors must not approve the financial statements unless

they are satisfied that they give a true and fair view of the state of affairs

of the company and of the profit or loss of the company for that period. In

preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are

sufficient to show and explain the company's transactions and disclose with

reasonable accuracy at any time the financial position of the company and enable

them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the company and hence

for taking reasonable steps for the prevention and detection of fraud and other

irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as

defined by Section 418 of the Companies Act 2006) of which the company's

auditors are unaware, and each director has taken all the steps that he ought to

have taken as a director in order to make himself aware of any relevant audit

information and to establish that the company's auditors are aware of that

information.

This report has been prepared in accordance with the provisions of Part 15 of

the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S A Murshed - Director

20 March 2020

Opinion

We have audited the financial statements of MRST INVESTMENTS LTD (the 'company')

for the year ended 30 November 2019 which comprise the Income Statement, Balance

Sheet and Notes to the Financial Statements, including a summary of significant

accounting policies. The financial reporting framework that has been applied in

their preparation is applicable law and United Kingdom Accounting Standards,

including Financial Reporting Standard 102 'The Financial Reporting Standard

applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted

Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 November 2019 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing

(UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards

are further described in the Auditors' responsibilities for the audit of the

financial statements section of our report. We are independent of the company

in accordance with the ethical requirements that are relevant to our audit of

the financial statements in the UK, including the FRC's Ethical Standard, and we

have fulfilled our other ethical responsibilities in accordance with these

requirements. We believe that the audit evidence we have obtained is sufficient

and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to

which the ISAs (UK) require us to report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified
material uncertainties that may cast significant doubt about the company's
ability to continue to adopt the going concern basis of accounting for a
period of at least twelve months from the date when the financial statements
are authorised for issue.

Other information

The directors are responsible for the other information. The other information

comprises the information in the Report of the Directors, but does not include

the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information

and, except to the extent otherwise explicitly stated in our report, we do not

express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is

to read the other information and, in doing so, consider whether the other

information is materially inconsistent with the financial statements or our

knowledge obtained in the audit or otherwise appears to be materially misstated.

If we identify such material inconsistencies or apparent material misstatements,

we are required to determine whether there is a material misstatement in the

financial statements or a material misstatement of the other information. If,

based on the work we have performed, we conclude that there is a material

misstatement of this other information, we are required to report that fact. We

have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its

environment obtained in the course of the audit, we have not identified material

misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the

Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out

on page two, the directors are responsible for the preparation of the financial

statements and for being satisfied that they give a true and fair view, and for

such internal control as the directors determine necessary to enable the

preparation of financial statements that are free from material misstatement,

whether due to fraud or error.

In preparing the financial statements, the directors are responsible for

assessing the company's ability to continue as a going concern, disclosing, as

applicable, matters related to going concern and using the going concern basis

of accounting unless the directors either intend to liquidate the company or to

cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial

statements as a whole are free from material misstatement, whether due to fraud

or error, and to issue a Report of the Auditors that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that

an audit conducted in accordance with ISAs (UK) will always detect a material

misstatement when it exists. Misstatements can arise from fraud or error and are

considered material if, individually or in the aggregate, they could reasonably

be expected to influence the economic decisions of users taken on the basis of

these financial statements.

A further description of our responsibilities for the audit of the financial

statements is located on the Financial Reporting Council's website at

www.frc.org.uk/auditorsresponsibilities. This description forms part of our

Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance

with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been

undertaken so that we might state to the company's members those matters we are

required to state to them in a Report of the Auditors and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and the company's members as a

body, for our audit work, for this report, or for the opinions we have formed.

Atul Dave FCA (Senior Statutory Auditor)

for and on behalf of Alexander Dave

Chartered Accountants

5 Braemore Court

Cockfosters Raod

Herts

EN4 OAE

25 March 2020

TURNOVER

14,500

15,600

Administrative expenses

5,797

3,569

OPERATING PROFIT and

PROFIT BEFORE TAXATION

8,703

12,031

Tax on profit

1,654

2,286

PROFIT FOR THE FINANCIAL YEAR

7,049

9,745

FIXED ASSETS

Investment property

3

455,175

453,175

CURRENT ASSETS

Debtors

4

1,033

-

Cash at bank

30,992

27,411

32,025

27,411

CREDITORS

Amounts falling due within one
year

5

6,133

6,568

NET CURRENT ASSETS

25,892

20,843

TOTAL ASSETS LESS CURRENT
LIABILITIES

481,067

474,018

CREDITORS

Amounts falling due after more
than one year

6

459,900

NET ASSETS

21,167

14,118

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

21,067

14,018

21,167

14,118

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on
20 March 2020 and were signed on its behalf by:

M R Khan - Director

1.	STATUTORY INFORMATION

MRST INVESTMENTS 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.

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.

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a

straight line basis over the period of the lease.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2018

453,175

Additions

2,000

At 30 November 2019

455,175

NET BOOK VALUE

At 30 November 2019

455,175

At 30 November 2018

453,175

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

Other debtors

1,033

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

Tax

1,654

3,289

Other creditors

2,379

Accrued expenses

2,100

900

6,133

6,568

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.19

30.11.18

£

Amounts owed to group undertakings

459,900

7.	CAPITAL COMMITMENTS

30.11.19

30.11.18

£

Contracted but not provided for in the

financial statements

215,000

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is London Churchill College Ltd.