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REGISTERED NUMBER: 01616719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mansion Grange Limited

Mansion Grange Limited (Registered number: 01616719)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Mansion Grange Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Gorman
Mrs A J Gorman



SECRETARY: Mrs A J Gorman



REGISTERED OFFICE: 108 Towngate
Silkstone
Barnsley
South Yorkshire
S75 4SY



REGISTERED NUMBER: 01616719 (England and Wales)



ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW



BANKERS: National Westminster
20a King Road
Stretford
Manchester
M32 8NX

Mansion Grange Limited (Registered number: 01616719)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 415 488
Investment property 6 1,723,951 1,723,951
1,724,366 1,724,439

CURRENT ASSETS
Debtors 7 12,542 12,077
Cash at bank 217,656 156,215
230,198 168,292
CREDITORS
Amounts falling due within one year 8 1,178,677 1,152,434
NET CURRENT LIABILITIES (948,479 ) (984,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,887

740,297

PROVISIONS FOR LIABILITIES 41,729 41,851
NET ASSETS 734,158 698,446

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Revaluation reserve 167,092 167,092
Retained earnings 565,066 529,354
SHAREHOLDERS' FUNDS 734,158 698,446

Mansion Grange Limited (Registered number: 01616719)

Balance Sheet - continued
31 March 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




Mr R Gorman - Director



Mrs A J Gorman - Director


Mansion Grange Limited (Registered number: 01616719)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mansion Grange 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 and functional 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 on a going concern basis under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. Turnover is recognised at the point of providing the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss for the year, and a corresponding amount to a non-distributable revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mansion Grange Limited (Registered number: 01616719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 574
DEPRECIATION
At 1 April 2023 86
Charge for year 73
At 31 March 2024 159
NET BOOK VALUE
At 31 March 2024 415
At 31 March 2023 488

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,723,951
NET BOOK VALUE
At 31 March 2024 1,723,951
At 31 March 2023 1,723,951

Mansion Grange Limited (Registered number: 01616719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 89,218
Valuation in 2016 29,297
Valuation in 2017 17,341
Valuation in 2019 14,583
Valuation in 2020 33,361
Valuation in 2021 22,487
Valuation in 2022 2,533
Cost 1,515,131
1,723,951

The investment properties as at 31 March 2024 were deemed to be at the same value as at 31 March 2023. The investment properties have an historical cost of £1,515,131 (2023: £1,515,131).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,542 12,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 19,618 16,507
Other creditors 1,159,059 1,135,927
1,178,677 1,152,434

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,920 A Ordinary £1 1,920 1,920
10 L Ordinary £1 10 10
10 E Ordinary £1 10 10
40 G Ordinary £1 40 40
20 M Ordinary £1 20 20
2,000 2,000