REGISTERED NUMBER: 08698236 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MANSION GARDEN ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

R A Fleming

Mrs P Fleming

Mrs P Seward

G O Brumley

S D Mallison-Jones

M R Anuwe

REGISTERED OFFICE:

9 Mansion Gardens

Port Zone

Off Willingdon Road

Dover

Kent

CT16 2HH

REGISTERED NUMBER:

08698236 (England and Wales)

ACCOUNTANTS:

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Intangible assets

4

121,200

151,500

Tangible assets

5

8,502

8,050

Investment property

6

2,892,630

2,437,170

3,022,332

2,596,720

CURRENT ASSETS

Debtors

7

64,986

108,470

Cash at bank

393,494

745,940

458,480

854,410

CREDITORS

Amounts falling due within one year

8

62,685

74,466

NET CURRENT ASSETS

395,795

779,944

TOTAL ASSETS LESS CURRENT LIABILITIES

3,418,127

3,376,664

CREDITORS

Amounts falling due after more than one year

9

-

(238,861

)

PROVISIONS FOR LIABILITIES

11

(367,080

)

(367,080

)

NET ASSETS

3,051,047

2,770,723

CAPITAL AND RESERVES

Called up share capital

2,136

1,842

Share premium

1,971,219

1,719,308

Fair value reserve

12

1,095,200

1,095,200

Retained earnings

(17,508

)

(45,627

)

SHAREHOLDERS' FUNDS

3,051,047

2,770,723

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

R A Fleming - Director

1.	STATUTORY INFORMATION

Mansion Garden Estates 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 financial statements are presented in round pounds £ sterling.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

303,000

AMORTISATION

At 1 April 2024

151,500

Charge for year

30,300

At 31 March 2025

181,800

NET BOOK VALUE

At 31 March 2025

121,200

At 31 March 2024

151,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

864

25,230

1,578

27,672

Additions

-

-

1,757

1,757

At 31 March 2025

864

25,230

3,335

29,429

DEPRECIATION

At 1 April 2024

816

17,374

1,432

19,622

Charge for year

12

1,098

195

1,305

At 31 March 2025

828

18,472

1,627

20,927

NET BOOK VALUE

At 31 March 2025

36

6,758

1,708

8,502

At 31 March 2024

48

7,856

146

8,050

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,437,170

Additions

455,460

At 31 March 2025

2,892,630

NET BOOK VALUE

At 31 March 2025

2,892,630

At 31 March 2024

2,437,170

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

153,520

Valuation in 2021

191,000

Valuation in 2022

1,115,746

Cost

1,432,364

2,892,630

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

47,355

63,986

Other debtors

9,383

9,383

Directors' current accounts

-

27,802

Prepayments

8,248

7,299

64,986

108,470

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Mortgage

-

12,720

Trade creditors

9,457

4,122

Tax

25,822

30,646

Social security and other taxes

7,071

7,022

VAT

17,616

18,212

VSC 1 Limited

858

-

Accrued expenses

1,861

1,744

62,685

74,466

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mortgage due 1 - 2 years

-

12,720

Mortgage due 2 - 5 years

-

38,160

Mortgage due > 5 years

-

187,981

-

238,861

Amounts falling due in more than five years:

Repayable by instalments

Mortgage due > 5 years

-

187,981

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

-

251,581

The Mortgage is secured by way of a fixed and floating charge over the freehold land and property known as Mansion Gardens Estate, Whitfield, Kent.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

367,080

367,080

Deferred

tax

£

Balance at 1 April 2024

367,080

Balance at 31 March 2025

367,080

The above is in respect of the fair value adjustments on the Investment Property.

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

1,095,200

13.	RELATED PARTY DISCLOSURES

Consultancy services, office rental and personnel recharges totalling £185,460 (2024 - £195,321) were supplied to Governance Ministries, a minority shareholder, during the year at market value. £18,180 (gross) (2024 - £34,734) was outstanding in this regard at the year end.

Consultancy services, office rental and personnel recharges totalling £168,208(2024 - £158,183) were supplied to VSC, a minority shareholder, during the year at market value. £29,175 (2024 - £29,204) was outstanding in this regard at the year end.

Consultancy services totalling £35,400 (2024 - £35,400) were purchased from Mr R Fleming (director) during the year at market value. £NIL (gross) (2024 - £NIL) was due to Mr Fleming in this regard at the year end.

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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

22 December 2025