MRDE LIMITED

1. MRDE LIMITED 2004-09-27 → present
2. MGD (9) LIMITED 2004-06-24 → 2004-09-27

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Sumer Auditco NI Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' and accounting officer's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Net operating income has increased by £26.6k to £3.37m (2024: £3.33m) due to an inflationary increase in unitary income charged to the tenant during the year.”
• “Net finance expense cost has reduced by £86k from £599k to £513k, primarily due to an increase in the amount of bank interest received (movement of £67k) and less interest payable on loans of £32k.”
• “Tax charge for the year has decreased from £826k to £103k. The charge includes the removal of 31 March 2024 charge £729k and £751k corporation tax liability for the year ended 31st March 2025.”
• “Non-current assets have increased to £26.3m (2024: £26.2m), with no change noted in the valuation of land and buildings and other asset additions slightly more than offset by the annual depreciation.”
• “Current assets have increased from £17.5m to £19.4m due to an increase in cash of £1.4m and Corporation tax receivable of £543k.”
• “Current liabilities have decreased from £1.2m to £944k due to the decrease in corporation tax owed at the year end of £474k set off by an in increase in borrowings due within one year of £252k.”
• “Long term borrowings have decreased from £15.0m to £14.2m, reflecting capital repayments made during the year. The derivative financial instrument has noted a fair value gain of £276k (March 2024: fair value gain of £288k).”
• “No Personal Data Related Incidents that were required to be reported to the Information Commissioner's Office for review during the year 2024-25 (2023-24: None).”
• “No complaints recorded against MRDE during 2024-25 (2023-24: None).”
• “External audit contract has been novated by agreement from ASM (B) Ltd to Sumer Auditco NI Limited with effect from 1 July 2024 due to re-organisation and rebranding of external auditors' audit practice.”
• “No significant internal control problems have been identified during 2024-25 (2023-24: None).”
• “No Public Accounts Committee issues raised in 2024-25 (2023-24: None).”
• “No losses including any waiver of MRDEs entitlement to income and write offs in 2024-25 (2023-24: none).”
• “No special payments during 2024-25 (2023-24: none).”
• “No gifts made during 2024-25 (2023-24: none).”
• “No remote contingent liabilities or commitments are known to exist as at 31 March 2025 (31 March 2024: £Nil).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.3%

  £5,665,800 → £5,681,198

• Cash

  +7.9%

  £17,282,071 → £18,647,449

• Net assets

  +12.6%

  £25,484,424 → £28,707,201

• Employees

  —

  Not reported

• Operating profit

  +0.8%

  £3,339,176 → £3,365,783

• Profit before tax

  +4.1%

  £2,740,427 → £2,853,025

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers