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REGISTERED NUMBER: 06522134 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mansion Park Properties Ltd

Mansion Park Properties Ltd (Registered number: 06522134)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mansion Park Properties Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A Kaye





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 06522134 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Mansion Park Properties Ltd (Registered number: 06522134)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 5 10 10
Investment property 6 3,144,372 3,144,372
3,144,382 3,144,382

CURRENT ASSETS
Debtors 7 9,893,836 10,613,611
Cash at bank 427,985 962
10,321,821 10,614,573
CREDITORS
Amounts falling due within one year 8 (10,323,812 ) (2,437,367 )
NET CURRENT (LIABILITIES)/ASSETS (1,991 ) 8,177,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,142,391

11,321,588

CREDITORS
Amounts falling due after more than one
year

9

-

(8,179,507

)
NET ASSETS 3,142,391 3,142,081

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,142,389 3,142,079
SHAREHOLDERS' FUNDS 3,142,391 3,142,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Park Properties Ltd (Registered number: 06522134)

Balance Sheet - continued
31 December 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 director and authorised for issue on 18 September 2024 and were signed by:





J A Kaye - Director


Mansion Park Properties Ltd (Registered number: 06522134)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mansion Park Properties Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Mansion Park Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Exemption from preparing consolidated accounts is claimed on the basis that this is a small group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are shown at most recent valuation. any aggregate surplus or deficit arising from changes in market value are recognised in the income statement.

In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRS 102 section 1A in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified

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.

4. EMPLOYEES AND DIRECTORS

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

Mansion Park Properties Ltd (Registered number: 06522134)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 10
NET BOOK VALUE
At 31 December 2023 10
At 31 December 2022 10

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,144,372
NET BOOK VALUE
At 31 December 2023 3,144,372
At 31 December 2022 3,144,372

Fair value at 31 December 2023 is represented by:
£   
Cost 3,144,372

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 3,144,372 3,144,372

Investment properties were valued on an open market basis on 31 December 2023 by the director .

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 9,893,836 7,679,798

Amounts falling due after more than one year:
Other debtors - 2,933,813

Aggregate amounts 9,893,836 10,613,611

Mansion Park Properties Ltd (Registered number: 06522134)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 10,000
Other creditors 10,323,812 2,427,367
10,323,812 2,437,367

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 24,167
Other creditors - 8,155,340
- 8,179,507

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 8,155,340

10. RELATED PARTY DISCLOSURES

'Other Creditors' falling due within 1 year includes an amount totalling £10,060,812 (2022: £10,567,768) owed to Patriot Fjarfesting ehf, the controlling company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Patriot Fjarfesting ehf, a companyregistered in Iceland..