REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
MANSION HOUSE GROUP LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Amounts owed by associates |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 468,713 | 386,117 |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
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. |