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REGISTERED NUMBER: 09888633 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MANSION HOUSE GROUP LIMITED

MANSION HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

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 HOUSE GROUP LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R J E Peel





REGISTERED OFFICE: 8-12 Old Market Place
Altrincham
WA14 4DF





REGISTERED NUMBER: 09888633 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

MANSION HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 13,807 10,000
Debtors 4 648,263 736,843
Cash at bank 7,024 13,961
669,094 760,804
CREDITORS
Amounts falling due within one year 5 555,369 644,097
NET CURRENT ASSETS 113,725 116,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,725

116,707

CREDITORS
Amounts falling due after more than one
year

6

20,252

25,673
NET ASSETS 93,473 91,034

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,373 90,934
93,473 91,034

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 HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

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 13 September 2024 and were signed by:





R J E Peel - Director


MANSION HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mansion House Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales of property are recognised on legal completion.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MANSION HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 70,550
Amounts owed by associates 638,371 641,563
Other debtors 9,892 24,730
648,263 736,843

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 160,000
Trade creditors 24,417 5,518
Amounts owed to associates 468,713 386,117
Taxation and social security 42,379 51,824
Other creditors 9,860 40,638
555,369 644,097

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,252 25,673

7. DIRECTORS' TRANSACTIONS

During the year, the company made loan repayments to the director amounting to £nil (2022: £28,679). No further funds were advanced by the director to the company during the year. At year end the balance owed to the director totalled £nil (2022 - £nil).

MANSION HOUSE GROUP LIMITED (REGISTERED NUMBER: 09888633)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RELATED PARTY DISCLOSURES

During the year, the company provided funds of £2,721 (2022: £1,896) and received funds of £nil (2022: £26,176) from Chartersail Ltd, a company in which R J E Peel is the majority shareholder. At the year end, Mansion House Group Limited was owed £4,617 (2022: £1,896) from Chartersail Limited.

During the year, the company provided funds of £480 to Starley Industries Limited (2022: £nil), a company in which R J E Peel is the majority shareholder. At the year end, Mansion House Group Limited was owed £629,240 (2022: £628,760) from Starley Industries Limited.

During the year the company sold land to MHG Commercial Investments LLP at the open market value of £nil (2022: £300,000). Net funds of £142,712 were transferred from MHG Commercial Investments LLP (2022: Net funds of £349,696 were transferred to MHG Commercial Investments LLP). At the year end, Mansion House Group Ltd owed £136,320 to MHG Commercial Investments LLP (2022: was owed £6,393 by MHG Commercial Investments LLP).

The balance included in other debtors of £638,371 includes a debtor from Casa Mexica Ltd which is not a related party.

During the year the company was invoiced £nil (2022: £5,797,403) for building contract works done by Mansion House Project Management Ltd and paid £53,724 (2022: £5,863,119) to Mansion House Project Management Ltd. As at 31 December 2023 Mansion House Group Ltd owed £332,393 to Mansion House Project Management Ltd (2022 - £386,117) a company in which R J E Peel is the majority shareholder.