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Registered number: 15319880










MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
FOR THE PERIOD ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mulberry Commercial Developments JM Limited for the period ended 31 March 2025 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mulberry Commercial Developments JM Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mulberry Commercial Developments JM Limited and state those matters that we have agreed to state to the Board of directors of Mulberry Commercial Developments JM Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mulberry Commercial Developments JM Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mulberry Commercial Developments JM Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mulberry Commercial Developments JM Limited. You consider that Mulberry Commercial Developments JM Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Mulberry Commercial Developments JM Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MHA
Chartered Accountants
Northampton
16 July 2025
Page 1

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
REGISTERED NUMBER: 15319880

BALANCE SHEET
AS AT 31 MARCH 2025

Period ended 31 March 2025
Note
£

Fixed assets
  

Tangible assets
 4 
43,273

Current assets
  

Stocks
  
553,337

Debtors: amounts falling due within one year
 5 
58,658

Cash at bank and in hand
 6 
1,665

  
613,660

Creditors: amounts falling due within one year
 7 
(1,791,288)

Net current liabilities
  
 
 
(1,177,628)

Total assets less current liabilities
  
(1,134,355)

  

Net liabilities
  
(1,134,355)


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
(1,135,355)

  
(1,134,355)


Page 2

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
REGISTERED NUMBER: 15319880
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
D T Morris
Director

Date: 16 July 2025

The notes on pages 4 to 7 form part of these financial statements.
Page 3

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Mulberry Commercial Developments JM Limited is a company limited by shares, incorporated in England and Wales, registered number 15319880. The registered office and principal place of business is Mulberry House Dirft, Crick Road, Rugby, CV23 8YL.
The Company was incorporated and began trading on 30 November 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises the proceeds of sales of properties, the invoice value of rents, license fees and management and consultancy fees receivable by the Company net of Value Added Tax. Turnover is recognised on invoice date or completion date as appropriate for property sales. Rental, license income and management fees are recognised on an accruals basis. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% straight line
Office equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Development stock

Development stock compromises the costs associated with development projects. It is stated at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 5.

Page 5

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


Additions
55,100
3,651
58,751



At 31 March 2025

55,100
3,651
58,751



Depreciation


Charge for the period
14,693
785
15,478



At 31 March 2025

14,693
785
15,478



Net book value



At 31 March 2025
40,407
2,866
43,273

Page 6

 
MULBERRY COMMERCIAL DEVELOPMENTS JM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

5.


Debtors

2025
£


Trade debtors
25,908

Other debtors
18,815

Prepayments and accrued income
13,935

58,658



6.


Cash and cash equivalents

2025
£

Cash at bank and in hand
1,665



7.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
154,626

Other taxation and social security
102,176

Other creditors
1,522,161

Accruals and deferred income
12,325

1,791,288



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. Contributions totalling
£4,909 were payable to the fund at the balance sheet date and are included in creditors. 


9.


Related party transactions

Included within creditors is a loan of £1,423,562 due to a company with a common shareholder and directorship. The loan is interest free and repayable on demand. 

 
Page 7