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REGISTERED NUMBER: 10796307 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MUSTANG GROUP LTD

MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSTANG GROUP LTD

COMPANY INFORMATION
For The Year Ended 31 March 2025







DIRECTORS: P Downes
S Downes





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 10796307 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investments 4 200 200
Investment property 5 784,399 338,825
784,599 339,025

CURRENT ASSETS
Debtors 6 530,060 646,005
Cash at bank and in hand 307,353 214,284
837,413 860,289
CREDITORS
Amounts falling due within one year 7 (380,336 ) (6,357 )
NET CURRENT ASSETS 457,077 853,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,241,676

1,192,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,241,576 1,192,857
1,241,676 1,192,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)

BALANCE SHEET - continued
31 March 2025


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 25 April 2025 and were signed on its behalf by:





P Downes - Director


MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Mustang Group Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised 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.

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 NIL (2024 - NIL).

MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 200
NET BOOK VALUE
At 31 March 2025 200
At 31 March 2024 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 338,825
Additions 445,574
At 31 March 2025 784,399
NET BOOK VALUE
At 31 March 2025 784,399
At 31 March 2024 338,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 507,638 405,938
Other debtors 22,422 240,067
530,060 646,005

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors (1 ) -
Taxation and social security 11,129 6,357
Other creditors 369,208 -
380,336 6,357

MUSTANG GROUP LTD (REGISTERED NUMBER: 10796307)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
P Downes
Balance outstanding at start of year 217,835 53,220
Amounts advanced - 217,835
Amounts repaid (217,835 ) (53,220 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 217,835