REGISTERED NUMBER: 02681787 (England and Wales)

M.B.H.3 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Butcher

B Hitchcott

A R Ross

S W Jones

SECRETARY:

J Butcher

REGISTERED OFFICE:

Pantglas Hall

Llanfynydd

CARMARTHEN

Carmarthenshire

SA32 7BY

REGISTERED NUMBER:

02681787 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

1,964,684

1,978,069

Investment property

5

505,000

505,000

2,469,684

2,483,069

CURRENT ASSETS

Debtors

6

124,361

80,501

Cash at bank

62,041

86,043

186,402

166,544

CREDITORS

Amounts falling due within one year

7

(24,072

)

(10,318

)

NET CURRENT ASSETS

162,330

156,226

TOTAL ASSETS LESS CURRENT LIABILITIES

2,632,014

2,639,295

CREDITORS

Amounts falling due after more than one year

8

(212,861

)

(231,458

)

PROVISIONS FOR LIABILITIES

(405,728

)

(409,075

)

NET ASSETS

2,013,425

1,998,762

CAPITAL AND RESERVES

Called up share capital

10

486,075

485,075

Share premium

17,676

17,676

Revaluation reserve

1,166,669

1,172,668

Non distributable reserve

293,777

293,777

Retained earnings

49,228

29,566

SHAREHOLDERS' FUNDS

2,013,425

1,998,762

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J Butcher - Director

1.	STATUTORY INFORMATION

M.B.H.3 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Preparation of consolidated financial statements

The financial statements contain information about M.B.H.3 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and

Property

-

2% & 10% on cost

Fixtures and Fittings

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Land and buildings are measured at fair value based on an estimate of the open market value of the site as a going concern. Revaluation surpluses and deficits are recognised in the revaluation reserve, with losses recognised only to the extent that they relate to a previous revaluation gain, otherwise they are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the site is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Investment property

Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

and

Property

Fittings

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

2,022,546

63,764

2,086,310

DEPRECIATION

At 1 February 2024

50,564

57,677

108,241

Charge for year

12,474

911

13,385

At 31 January 2025

63,038

58,588

121,626

NET BOOK VALUE

At 31 January 2025

1,959,508

5,176

1,964,684

At 31 January 2024

1,971,982

6,087

1,978,069

Cost or valuation at 31 January 2025 is represented by:

Fixtures

Land and

and

Property

Fittings

Totals

£

£

£

Valuation in 2025

2,022,546

-

2,022,546

Cost

-

63,764

63,764

2,022,546

63,764

2,086,310

If land and buildings had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

561,329

561,329

Aggregate depreciation

83,861

83,861

Value of land in freehold land and buildings

393,547

393,547

Land and buildings were valued at fair value on 31 January 2025 by the directors who do not have formal valuation qualifications. Fair value is based on an assessment of the market value of the site on a going concern basis.

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

505,000

NET BOOK VALUE

At 31 January 2025

505,000

At 31 January 2024

505,000

Cost or valuation at 31 January 2025 is represented by:

£

Valuation in 2025

505,000

Investment properties were valued at fair value on 31 January 2025 by the directors. In valuing the properties the directors have considered rental yields and values of similar properties in a similar area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

6,693

Other debtors

2,000

-

Amount due from related party

122,069

73,535

Prepayments and accrued income

292

273

124,361

80,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,178

1,589

Corporation tax

3,233

755

Other creditors

-

1,850

Redeemable preference shares

1,000

-

Accruals and deferred income

8,661

6,124

24,072

10,318

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

212,861

231,458

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

157,787

223,958

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

224,039

233,047

The bank loan is secured by way of a fixed and floating charge over all assets and property of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

486,075

Preference

£1

486,075

485,075

(2024 - 485,075 )

The following shares were issued during the year for cash at par :

1,000 Preference shares of £1