Registered number
04368634
MULBERRY ESTATE UK LTD
Filleted Accounts
29 February 2024
MULBERRY ESTATE UK LTD
Registered number: 04368634
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,416,667 1,416,667
Current assets
Debtors 4 10,738 20,000
Cash at bank and in hand 13,184 5,400
23,922 25,400
Creditors: amounts falling due within one year 5 (81,045) (79,921)
Net current liabilities (57,123) (54,521)
Total assets less current liabilities 1,359,544 1,362,146
Creditors: amounts falling due after more than one year 6 (643,332) (684,802)
Provisions for liabilities (112,395) (112,395)
Net assets 603,817 564,949
Capital and reserves
Called up share capital 6 6
Revaluation reserve 7 449,581 449,581
Profit and loss account 154,230 115,362
Shareholders' funds 603,817 564,949
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amid Yussouf
Director
Approved by the board on 30 July 2024
MULBERRY ESTATE UK LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 1,416,667
At 29 February 2024 1,416,667
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 1,416,667
At 28 February 2023 1,416,667
4 Debtors 2024 2023
£ £
Other debtors 10,738 20,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 40,984 34,608
Trade creditors 3,474 7,516
Tenants deposits 19,500 19,500
Taxation and social security costs 12,017 7,535
Other creditors 5,070 10,762
81,045 79,921
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 564,962 612,115
Other creditors 78,370 72,687
643,332 684,802
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 449,581 449,581
At 29 February 2024 449,581 449,581
8 Other information
MULBERRY ESTATE UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
401 Cumberland House
80 Scrubs Lane
London
NW10 6RF
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