MBNR GROUP LTD
MBNR GROUP LTD
Registered number: 13075432
Unaudited Financial Statements
For the Period
10 December 2020
to
31 December 2021
Optimise Accountants Ltd
Bramley House
Bramley Road
Long Eaton
NG10 3SX
MBNR GROUP LTD
Unaudited Financial Statements
For the Period
10 December 2020
to
31 December 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
MBNR GROUP LTD
Balance Sheet
As at
31 December 2021
Balance Sheet
Registered number:
13075432
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 31 December 2021 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (17,246) | ||
MBNR GROUP LTD
Balance Sheet (continued)
As at
31 December 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
MBNR GROUP LTD
Notes to the Financial Statements
For the Period
10 December 2020
to
31 December 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 December 2021 | |
|---|---|
| Office and administration |
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3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions | 140,183 |
| As at
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| Net Book Value | |
| As at
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| As at
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MBNR GROUP LTD
Notes to the Financial Statements (continued)
For the Period
10 December 2020
to
31 December 2021
4.
Debtors
| 31 December 2021 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 31 December 2021 | |
|---|---|
| £ | |
| Accruals and deferred income |
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| Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 31 December 2021 | |
|---|---|
| £ | |
| Bank loans |
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MBNR GROUP LTD
Notes to the Financial Statements (continued)
For the Period
10 December 2020
to
31 December 2021
8.
Ultimate Controlling Party
There is no ultimate controlling party as no shareholder owns more then 50% of the total issued share capital.
9.
General Information
MBNR GROUP LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
13075432
. The registered office is 12 Greenway Farm, Bath Road, Wick, Bristol, BS30 5RL.