Mammoth Homes Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12216700

Mammoth Homes Ltd

Filleted Unaudited Financial Statements

28 February 2025

Mammoth Homes Ltd

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Mammoth Homes Ltd

Statement of Financial Position

28 February 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	740,340	740,734

Current assets

Debtors	6	910	910
Cash at bank and in hand		64	62
		----	----
		974	972

Creditors: amounts falling due within one year	7	673,893	677,376
		---------	---------
Net current liabilities		672,919	676,404
		---------	---------
Total assets less current liabilities		67,421	64,330
		--------	--------
Net assets		67,421	64,330
		--------	--------

Capital and reserves

Called up share capital	100	100
Other reserves	82,331	82,331
Profit and loss account	( 15,010)	( 18,101)
	--------	--------
Shareholders funds	67,421	64,330
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mammoth Homes Ltd

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr D Amato
Director

Company registration number: 12216700

Mammoth Homes Ltd

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite D The Business Centre, Farringdon Avenue, RM3 8EN, Romford.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1).

4. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	25% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

5. Tangible assets

	Freehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 March 2024 and 28 February 2025	740,000	529	1,049	741,578
	---------	----	-------	---------
Depreciation
At 1 March 2024	–	350	494	844
Charge for the year	–	132	262	394
	---------	----	-------	---------
At 28 February 2025	–	482	756	1,238
	---------	----	-------	---------
Carrying amount
At 28 February 2025	740,000	47	293	740,340
	---------	----	-------	---------
At 29 February 2024	740,000	179	555	740,734
	---------	----	-------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	910	910
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	522,523	526,812
Other creditors	151,370	150,564
	---------	---------
	673,893	677,376
	---------	---------