Mulberry Projects Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05317131 (England and Wales)

Mulberry Projects Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

AJ Adorian

JL Adorian

SECRETARY:

AJ Adorian

REGISTERED OFFICE:

Gibbons Mill

The Haven

Billingshurst

West Sussex

RH14 9BL

REGISTERED NUMBER:

05317131 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 Projects Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mulberry Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mulberry Projects Limited and state those matters that we have agreed to state to the Board of Directors of Mulberry Projects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mulberry Projects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mulberry Projects 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 profit of Mulberry Projects Limited. You consider that Mulberry Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mulberry Projects 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

17 December 2025

FIXED ASSETS

Tangible assets

4

1,981,531

600,641

CURRENT ASSETS

Stocks

122,470

121,800

Debtors

5

162,725

273,897

Cash at bank

117,059

398,116

402,254

793,813

CREDITORS

Amounts falling due within one year

6

794,567

81,383

NET CURRENT (LIABILITIES)/ASSETS

(392,313

)

712,430

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,589,218

1,313,071

PROVISIONS FOR LIABILITIES

7

5,148

4,958

NET ASSETS

1,584,070

1,308,113

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

100

Retained earnings

1,583,970

1,308,013

SHAREHOLDERS' FUNDS

1,584,070

1,308,113

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

AJ Adorian - Director

JL Adorian - Director

1.	STATUTORY INFORMATION

Mulberry Projects 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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

Turnover

Turnover from building work is recognised based on the stage of completion and the expected total revenue arising under the contract.

Turnover from contracting is recognised during the period in which the services are carried out.

Turnover is shown net of VAT.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Biological assets

The company recognises a biological asset of a dairy herd. This is held as a tangible fixed asset at fair value through profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Herd

£

COST OR VALUATION

At 1 April 2024

-

94,405

555,000

Additions

1,384,776

7,850

-

At 31 March 2025

1,384,776

102,255

555,000

DEPRECIATION

At 1 April 2024

-

51,659

-

Charge for year

-

11,013

-

At 31 March 2025

-

62,672

-

NET BOOK VALUE

At 31 March 2025

1,384,776

39,583

555,000

At 31 March 2024

-

42,746

555,000

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

9,000

843

659,248

Additions

-

1,392,626

At 31 March 2025

9,000

843

2,051,874

DEPRECIATION

At 1 April 2024

6,152

796

58,607

Charge for year

712

11

11,736

At 31 March 2025

6,864

807

70,343

NET BOOK VALUE

At 31 March 2025

2,136

36

1,981,531

At 31 March 2024

2,848

47

600,641

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

property

machinery

Herd

£

Valuation in 2022

-

97,500

Valuation in 2023

-

75,000

Cost

1,384,776

102,255

382,500

1,384,776

102,255

555,000

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2022

-

97,500

Valuation in 2023

-

75,000

Cost

9,000

843

1,879,374

9,000

843

2,051,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

22,392

57,415

Prepayments

2,741

2,666

Other debtors

25,000

Accrued income

112,592

188,816

162,725

273,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

4,168

2,026

Corporation tax

92,129

58,363

Social security and other taxes

1,970

2,847

VAT

8,491

15,447

Directors' current accounts

685,009

-

Accruals and deferred income

2,800

2,700

794,567

81,383

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

5,148

4,958

Deferred

tax

£

Balance at 1 April 2024

4,958

Provided during year

190

Balance at 31 March 2025

5,148

8.	RELATED PARTY DISCLOSURES

The company provides contract services to a partnership in which the directors are partners. The sales to the partnership for the year were £541,717 (2024 - £399,216). The outstanding balance in accrued income at 31 March 2025 was £111,317 (2024 - £168,816).