1 June 2024 false No description of principal activity Taxfiler 2024.6 10787062 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10787062 2024-05-31 10787062 2024-06-01 2025-05-31 10787062 business:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 10787062 business:AbridgedAccounts 2024-06-01 2025-05-31 10787062 2025-05-31 10787062 2024-05-31 10787062 core:WithinOneYear 2025-05-31 10787062 core:WithinOneYear 2024-05-31 10787062 core:AfterOneYear 2025-05-31 10787062 core:AfterOneYear 2024-05-31 10787062 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 10787062 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 10787062 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 10787062 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 10787062 core:PreviouslyStatedAmount 2025-05-31 10787062 core:PreviouslyStatedAmount 2024-05-31 10787062 business:SmallEntities 2024-06-01 2025-05-31 10787062 business:Director1 2024-06-01 2025-05-31 10787062 countries:EnglandWales 2024-06-01 2025-05-31 10787062 business:RegisteredOffice 2024-06-01 2025-05-31 10787062 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10787062 (England and Wales)
Mulberry Corner Developments Limited Unaudited accounts for the year ended 31 May 2025
Mulberry Corner Developments Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Mulberry Corner Developments Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,891,125
11,863,518
Investments
85
85
11,891,210
11,863,603
Current assets
Debtors
819,060
129,122
Cash at bank and in hand
127,763
419,304
946,823
548,426
Creditors: amounts falling due within one year
(250,129)
(172,988)
Net current assets
696,694
375,438
Total assets less current liabilities
12,587,904
12,239,041
Creditors: amounts falling due after more than one year
(6,283,750)
(6,288,481)
Net assets
6,304,154
5,950,560
Capital and reserves
Called up share capital
100
100
Profit and loss account
6,304,054
5,950,460
Shareholders' funds
6,304,154
5,950,560
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by
J Doyle Director Company Registration No. 10787062
- 3 -
Mulberry Corner Developments Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Mulberry Corner Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10787062. The registered office is Minster House, 19 St Georges Road, Bickley, BR1 2AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The fixed assets are all freehold properties and no depreciation is provided on them.
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
11,863,518
Additions
27,607
At 31 May 2025
11,891,125
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
11,891,125
At 31 May 2024
11,863,518
5
Transactions with related parties
During the year, the Company entered into the following transactions with related parties: Rainbow Day Nursery Limited, a company owned by the one of the Director's and majority shareholder, paid rent to the Company totalling £474,000 during the year. The transactions were undertaken on normal commercial terms. Loreto Property Developments Limited, a company owned by some of the shareholders, received loans from the Company during the year totalling £783,665. The balance outstanding at the year end was £783,665.
- 4 -
Mulberry Corner Developments Limited Notes to the Accounts for the year ended 31 May 2025
6
Average number of employees
During the year the average number of employees was 1 (2024: 0).
- 5 -