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REGISTERED NUMBER: 12163094 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MULBERRY HOMES (REDHILL) LIMITED

MULBERRY HOMES (REDHILL) LIMITED (REGISTERED NUMBER: 12163094)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MULBERRY HOMES (REDHILL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A D Norton
S Penney





REGISTERED OFFICE: 21 Richmond Road
Kingston upon Thames
Surrey
KT2 5BW





REGISTERED NUMBER: 12163094 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

MULBERRY HOMES (REDHILL) LIMITED (REGISTERED NUMBER: 12163094)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks 12,975,593 7,173,220
Debtors 4 20,332 20,263
Cash at bank 3,008 16,321
12,998,933 7,209,804
CREDITORS
Amounts falling due within one year 5 13,026,837 7,234,380
NET CURRENT LIABILITIES (27,904 ) (24,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,904

)

(24,576

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (27,906 ) (24,578 )
SHAREHOLDERS' FUNDS (27,904 ) (24,576 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S Penney - Director


MULBERRY HOMES (REDHILL) LIMITED (REGISTERED NUMBER: 12163094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Mulberry Homes (Redhill) 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.

Stock
Stock consists of properties not sold at the year end and includes costs incurred on projects that are ongoing less provision for any anticipated losses.

Cost includes all direct expenditure and an appropriate proportion of finance costs.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 20,332 20,263

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 4,469 2,469
Other creditors 13,022,368 7,231,911
13,026,837 7,234,380

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Other loans 9,118,308 4,810,289

The lenders of finance hold charges over the freehold land owned by the company.

MULBERRY HOMES (REDHILL) LIMITED (REGISTERED NUMBER: 12163094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1.00 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Director
Balance outstanding at start of year 1 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 1

Director
Balance outstanding at start of year 1 1
Amounts advanced 17,311 10,000
Amounts repaid (20,121 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,809 ) 1

9. GOING CONCERN

At the balance sheet date the company has net liabilities of £27,904 (2022 - £24,576). The company meets its day to day working capital requirements through loans from third parties.

On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustment that would result from the company not being a going concern.