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REGISTERED NUMBER: 11701297 (England and Wales)











MULBERRY COMMERCIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






MULBERRY COMMERCIAL LIMITED (REGISTERED NUMBER: 11701297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


MULBERRY COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr M J Hoggarth
Mrs L C Hoggarth





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 11701297 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

MULBERRY COMMERCIAL LIMITED (REGISTERED NUMBER: 11701297)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 482 567
Investment property 5 438,606 438,606
439,088 439,173

CURRENT ASSETS
Debtors - 404
Cash at bank 12,312 34,060
12,312 34,464
CREDITORS
Amounts falling due within one year 425,986 458,088
NET CURRENT LIABILITIES (413,674 ) (423,624 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,414 15,549

PROVISIONS FOR LIABILITIES 1,871 1,812
NET ASSETS 23,543 13,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - non distributable 6 5,250 5,330
Retained earnings 18,193 8,307
SHAREHOLDERS' FUNDS 23,543 13,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MULBERRY COMMERCIAL LIMITED (REGISTERED NUMBER: 11701297)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 May 2025 and were signed on its behalf by:





Mrs L C Hoggarth - Director


MULBERRY COMMERCIAL LIMITED (REGISTERED NUMBER: 11701297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Mulberry Commercial 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 as modified by the revaluation of certain assets.

Turnover
Turnover relates to property rentals, where the right to revenue exists, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and 10% on reducing balance

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 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 2 (2023 - 2 ) .

MULBERRY COMMERCIAL LIMITED (REGISTERED NUMBER: 11701297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 942
DEPRECIATION
At 1 December 2023 375
Charge for year 85
At 30 November 2024 460
NET BOOK VALUE
At 30 November 2024 482
At 30 November 2023 567

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 438,606
NET BOOK VALUE
At 30 November 2024 438,606
At 30 November 2023 438,606

The investment properties are included at the directors assessment of market value. It is the directors view that the market value has not changed significantly since the last valuation.

The amount credited to the Profit and Loss Account during the year was £Nil (2023: £Nil).

6. RESERVES

The directors have elected to transfer the element of profit relating to the fair value of investment properties to a non-distributable reserve until such time as the gain is realised.

7. RELATED PARTY DISCLOSURES

Within creditors is amount due to the directors of £420,412 (2023: £453,492).

This represents an interest free loan with no fixed repayment terms