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REGISTERED NUMBER: 09317614 (England and Wales)















Financial Statements for the Year Ended 27 November 2023

for

Mansion Concepts Limited

Mansion Concepts Limited (Registered number: 09317614)






Contents of the Financial Statements
for the Year Ended 27 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mansion Concepts Limited

Company Information
for the Year Ended 27 November 2023







DIRECTORS: M Di Scala
D P Jones
D Whelan





REGISTERED OFFICE: 21 Temple Street
Liverpool
Merseyside
L2 5RH





REGISTERED NUMBER: 09317614 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Mansion Concepts Limited (Registered number: 09317614)

Balance Sheet
27 November 2023

27.11.23 27.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,242 240,381

CURRENT ASSETS
Stocks 9,365 11,500
Debtors 5 102,519 47,272
Cash at bank and in hand 82,138 107,495
194,022 166,267
CREDITORS
Amounts falling due within one year 6 300,745 300,916
NET CURRENT LIABILITIES (106,723 ) (134,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,519

105,732

CREDITORS
Amounts falling due after more than
one year

7

(32,116

)

(35,649

)

PROVISIONS FOR LIABILITIES (54,561 ) (45,672 )
NET ASSETS 24,842 24,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,742 24,311
24,842 24,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 November 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.

Mansion Concepts Limited (Registered number: 09317614)

Balance Sheet - continued
27 November 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 September 2024 and were signed on its behalf by:





D P Jones - Director


Mansion Concepts Limited (Registered number: 09317614)

Notes to the Financial Statements
for the Year Ended 27 November 2023

1. STATUTORY INFORMATION

Mansion Concepts 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.

Despite the net current liabilities position at the year end the directors still feel that the going concern basis in respect of preparing the financial statements is still appropriate.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for the sale of beverages excluding value added tax. Turnover is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Mansion Concepts Limited (Registered number: 09317614)

Notes to the Financial Statements - continued
for the Year Ended 27 November 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 November 2022 343,235
Additions 23,966
At 27 November 2023 367,201
DEPRECIATION
At 28 November 2022 102,854
Charge for year 46,105
At 27 November 2023 148,959
NET BOOK VALUE
At 27 November 2023 218,242
At 27 November 2022 240,381

Mansion Concepts Limited (Registered number: 09317614)

Notes to the Financial Statements - continued
for the Year Ended 27 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.11.23 27.11.22
£    £   
Other debtors 102,519 47,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.11.23 27.11.22
£    £   
Bank loans and overdrafts 5,910 9,841
Trade creditors 101,741 158,305
Amounts owed to group undertakings 500 -
Taxation and social security 98,872 53,099
Other creditors 93,722 79,671
300,745 300,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.11.23 27.11.22
£    £   
Bank loans 32,116 35,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years 8,475 2,316