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REGISTERED NUMBER: 10485311 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MULBERRY RESIDENTIAL LIMITED

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULBERRY RESIDENTIAL LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Alexander Sydney Cammish
Jamie Alexander Cammish





SECRETARY: Carolyn Towse





REGISTERED OFFICE: 18 North Bar Within
BEVERLEY
East Yorkshire
HU17 8AX





REGISTERED NUMBER: 10485311 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 248,000 500
Tangible assets 5 2,870 3,040
250,870 3,540

CURRENT ASSETS
Debtors 6 20,599 6,128
Cash at bank and in hand 5,008 3,161
25,607 9,289
CREDITORS
Amounts falling due within one year 7 159,744 70,338
NET CURRENT LIABILITIES (134,137 ) (61,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,733

(57,509

)

CREDITORS
Amounts falling due after more than one
year

8

243,833

-
NET LIABILITIES (127,100 ) (57,509 )

CAPITAL AND RESERVES
Called up share capital 10 75 75
Retained earnings 11 (127,175 ) (57,584 )
SHAREHOLDERS' FUNDS (127,100 ) (57,509 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Balance Sheet - continued
30 June 2023


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 16 January 2024 and were signed on its behalf by:




Jamie Alexander Cammish - Director



Alexander Sydney Cammish - Director


MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

MULBERRY RESIDENTIAL 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.

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.

The financial statements have been prepared on a going concern basis which assumes the continued
support of it's parent company, as described in the creditors notes.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition
Commission income is only recognised when the related property disposal is completed. The associated costs of marketing are charged to Profit and Loss when incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 1,000
Additions 248,000
At 30 June 2023 249,000
AMORTISATION
At 1 July 2022 500
Amortisation for year 500
At 30 June 2023 1,000
NET BOOK VALUE
At 30 June 2023 248,000
At 30 June 2022 500

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 1,000 1,500 2,954 5,454
Additions 1,000 - - 1,000
At 30 June 2023 2,000 1,500 2,954 6,454
DEPRECIATION
At 1 July 2022 400 600 1,414 2,414
Charge for year 330 300 540 1,170
At 30 June 2023 730 900 1,954 3,584
NET BOOK VALUE
At 30 June 2023 1,270 600 1,000 2,870
At 30 June 2022 600 900 1,540 3,040

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,672 3,853
Other debtors 1,210 -
Prepayments 12,717 2,275
20,599 6,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,691 1,360
Amounts owed to group undertakings 92,604 67,828
Social security and other taxes 2,574 -
VAT 3,701 -
Other creditors 25,874 -
Accrued expenses 1,300 1,150
159,744 70,338

Amounts owed to group undertakings relates to Cammish & Company Limited, the parent company.
There are no specific terms with regard to interest charges or repayment of this loan. The parent
company has indicated that the above funds will not be withdrawn completely until the company
achieves a solvent financial position.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 9) 243,833 -

MULBERRY RESIDENTIAL LIMITED (REGISTERED NUMBER: 10485311)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Acquisition finance has been provided by Cammish & Company Limited, the parent company. This loan is on specific terms with regard to interest charges and repayment . The parent company has indicated that it will continue to support the settlement terms until the company achieves a solvent financial position.

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Acquisition finance 243,833 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 Ordinary £1 75 75

11. RESERVES
Retained
earnings
£   

At 1 July 2022 (57,584 )
Deficit for the year (69,591 )
At 30 June 2023 (127,175 )

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Cammish & Company Limited a company registered in England and Wales, company number 05778035.