Mulberry Property Management Ltd
Registered number: 08828758
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 - 571,126
Current assets
Cash at bank and in hand 18,133 100
18,133 100
Creditors: amounts falling due within one year 3 (3,426) (633,974)
Net current assets/(liabilities) 14,707 (633,874)
Total assets less current liabilities 14,707 (62,748)
Net assets/(liabilities) 14,707 (62,748)
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,607 (62,848)
Shareholders' funds 14,707 (62,748)
Average number of employees 0 0
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Satbir Singh Ahluwalia
Director
Approved by the board on 1 September 2024
Mulberry Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when received.
Tangible fixed assets
Due to the Company being Dormant no depreciation was charged for the year.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Freehold property
£
Cost
At 1 April 2023 631,832
Disposals (631,832)
At 31 March 2024 -
Depreciation
At 1 April 2023 60,706
On disposals (60,706)
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 571,126
3 Creditors: amounts falling due within one year 2024 2023
£ £
Director's current account - 473,874
Related party balances - 702
Related party balance: Abhaya Care Limited - 157,958
Other creditors and accruals - 1,440
3,426 633,974
4 Related party transactions 2024 2023
£ £
Lifetime Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Lifetime Care Limited.
An interest free and unsecured loan by Lifetime Care Limited yet to be reimbursed by the company.
Amount due to the related party - 222
Life Care Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Life Care Corporation Limited.
An interest free and unsecured loan by Life care Corporation Limited yet to be reimbursed by the company.
Amount due to the related party - 480
Abhaya Care Limited
The company is related by virtue of an interest in the company.
An interest free and unsecured loan by Abhaya Care Limited yet to be reimbursed by the company.
Amount due to the related party - 157,958
5 Controlling party
The director controls the company.
6 Other information
Mulberry Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Keyers Bridge House
Wokingham Road
Hurst
Reading
Berkshire RG10 0RU
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