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REGISTERED NUMBER: 09725916 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Mansion House Property Limited

Mansion House Property Limited (Registered number: 09725916)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mansion House Property Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr S D Eccles
Mr C Payne





REGISTERED OFFICE: 6 Whittle Road
Hadleigh Road Industrial Estate
Ipswich
Suffolk
IP2 0UH





REGISTERED NUMBER: 09725916 (England and Wales)





AUDITORS: Cunninghams Statutory Auditors
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Mansion House Property Limited (Registered number: 09725916)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,175,602 1,193,662

CREDITORS
Amounts falling due within one year 5 1,049,415 1,049,416
NET CURRENT LIABILITIES (1,049,415 ) (1,049,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,187

144,246

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 126,087 144,146
SHAREHOLDERS' FUNDS 126,187 144,246

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:




Mr S D Eccles - Director



Mr C Payne - Director


Mansion House Property Limited (Registered number: 09725916)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Mansion House Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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.

GOING CONCERN
The directors are mindful that the company balance sheet shows that current liabilities exceed current assets but still consider that is appropriate to prepare the accounts on the going concern basis.

The only creditor within the financial statements is in relation to an amount owed to a group company. The directors are satisfied this group company remains committed to supporting the company and, whilst repayable upon demand, believe there is no reason why immediate repayment should be required in the foreseeable future.

The directors are also satisfied that the value of the fixed asset held by the company is comfortably sufficient to meet the value of the liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Mansion House Property Limited (Registered number: 09725916)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2021
and 31 March 2022 1,289,981
DEPRECIATION
At 1 April 2021 96,319
Charge for year 18,060
At 31 March 2022 114,379
NET BOOK VALUE
At 31 March 2022 1,175,602
At 31 March 2021 1,193,662

Included in cost of land and buildings is freehold land of £ 386,994 (2021 - £ 386,994 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Amounts owed to group undertakings 1,049,415 1,049,416

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Benjamin Lynes (Senior Statutory Auditor)
for and on behalf of Cunninghams Statutory Auditors