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Company Registration No. 12646499 (England and Wales)
MULLINGS REAL ESTATES LTD Unaudited accounts for the year ended 30 June 2024
MULLINGS REAL ESTATES LTD Unaudited accounts Contents
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MULLINGS REAL ESTATES LTD Company Information for the year ended 30 June 2024
Directors
Sabrina Mullings William Mullings
Company Number
12646499 (England and Wales)
Registered Office
130 Codsall Road Wolverhampton WV6 9QH ENGLAND
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MULLINGS REAL ESTATES LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
208,181 
181,297 
Current assets
Cash at bank and in hand
3,552 
2,007 
Creditors: amounts falling due within one year
(8,507)
(5,926)
Net current liabilities
(4,955)
(3,919)
Total assets less current liabilities
203,226 
177,378 
Creditors: amounts falling due after more than one year
(175,039)
(176,689)
Provisions for liabilities
Deferred tax
(5,108)
- 
Net assets
23,079 
689 
Capital and reserves
Profit and loss account
23,079 
689 
Shareholders' funds
23,079 
689 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2025 and were signed on its behalf by
Sabrina Mullings Director Company Registration No. 12646499
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MULLINGS REAL ESTATES LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MULLINGS REAL ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 12646499. The registered office is 130 Codsall Road, Wolverhampton, WV6 9QH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is initially recognise at cost and included at market fair value at year end. Any gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
5,108 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
5,108 
- 
Provision at end of year
5,108 
- 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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