Registration number: 05188011

Mornington Builders Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Mornington Builders Limited

Balance Sheet

as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	116,232	94,921
Current assets
Debtors	5	4,180,631	2,600,939
Cash at bank and in hand		523,472	1,878,256
		4,704,103	4,479,195
Creditors: Amounts falling due within one year	6	(2,382,950)	(2,256,736)
Net current assets		2,321,153	2,222,459
Total assets less current liabilities		2,437,385	2,317,380
Provisions for liabilities		(9,429)	(14,564)
Net assets		2,427,956	2,302,816
Capital and reserves
Allotted, called up and fully paid share capital		400	400
Profit and loss account		2,427,556	2,302,416
Shareholders' funds		2,427,956	2,302,816

Registration number: 05188011

Mornington Builders Limited

Balance Sheet

as at 31 March 2025 (continued)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 December 2025
 

......................................... Mr G Harding Director

Mornington Builders Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 05188011.

The address of its registered office is:
Cartelli House
3 Hawthorn Park
Leeds
West Yorkshire
LS14 1PQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Mornington Builders Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Contract revenue recognition

In respect of building contracts, revenue is recognised when all the following conditions are satisfied:

- The stage of completion of the contract at the end of the reporting period can be reliably measured and therefore the amount of revenue due to the company can be accurately determined;
- It is probable that the economic benefits associated with the contract will flow to the entity;
- The costs incurred on the contract to the end of the reporting period and the costs to complete the contract can be reliably measured.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% per annum on a reducing balance basis
Fixtures, fittings and equipment	33% per annum on a straight line basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Mornington Builders Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 23 (2024 - 18).

Mornington Builders Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Fixtures, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 April 2024	46,128	97,450	143,578
Additions	12,652	62,984	75,636
Disposals	-	(39,083)	(39,083)
At 31 March 2025	58,780	121,351	180,131
Depreciation
At 1 April 2024	15,319	33,338	48,657
Charge for the year	15,746	14,911	30,657
Eliminated on disposal	-	(15,415)	(15,415)
At 31 March 2025	31,065	32,834	63,899
Net book value
At 31 March 2025	27,715	88,517	116,232
At 31 March 2024	30,809	64,112	94,921

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		2,022,371	1,129,536
Amounts owed by related parties		1,814,739	639,423
Prepayments and accrued income		282,482	696,502
Other debtors		61,039	135,478
		4,180,631	2,600,939

Mornington Builders Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

6

Creditors

		2025 £	2024 £
Due within one year
Trade creditors		811,200	667,532
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	398,833
Taxation and social security		114,411	115,755
Corporation tax liability		49,368	-
Accruals and deferred income		1,313,440	1,071,060
Other creditors		31,240	3,556
Directors loan accounts		63,291	-
		2,382,950	2,256,736

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £120,526 (2024 - £153,246).