Company registration number 01006312 (England and Wales)
MANSION HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
MANSION HOMES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MANSION HOMES LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
513,823
382,094
Debtors
3
70,315
2,480
Cash at bank and in hand
26,144
247,893
610,282
632,467
Creditors: amounts falling due within one year
4
(510,192)
(532,145)
Net current assets
100,090
100,322
Creditors: amounts falling due after more than one year
5
(584)
(7,552)
Net assets
99,506
92,770
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
99,406
92,670
Total equity
99,506
92,770

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 February 2026
Mr A R De Marco
Director
Company registration number 01006312 (England and Wales)
MANSION HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Mansion Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 161 Corporation Street, Coventry, CV1 1GU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

MANSION HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered. Bank interest accruing on capital borrowed to fund the production of long term contracts is carried forward within long term contract balances.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MANSION HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
48
1,216
Other debtors
70,267
1,264
70,315
2,480
MANSION HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,000
7,000
Trade creditors
-
0
5,860
Taxation and social security
3,435
3,422
Other creditors
499,757
515,863
510,192
532,145
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
584
7,552
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
A ordinary shares of £1 each
99
99
99
99
100
100
100
100

2025-05-31 2024-06-01 false false false 25 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A R De Marco Ms K De Marco 01006312 2024-06-01 2025-05-31 01006312 2025-05-31 01006312 2024-05-31 01006312 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 01006312 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 01006312 core:WithinOneYear 2025-05-31 01006312 core:WithinOneYear 2024-05-31 01006312 core:AfterOneYear 2025-05-31 01006312 core:AfterOneYear 2024-05-31 01006312 core:CurrentFinancialInstruments 2025-05-31 01006312 core:CurrentFinancialInstruments 2024-05-31 01006312 core:ShareCapital 2025-05-31 01006312 core:ShareCapital 2024-05-31 01006312 core:RetainedEarningsAccumulatedLosses 2025-05-31 01006312 core:RetainedEarningsAccumulatedLosses 2024-05-31 01006312 core:ShareCapitalOrdinaryShareClass1 2025-05-31 01006312 core:ShareCapitalOrdinaryShareClass1 2024-05-31 01006312 core:ShareCapitalOrdinaryShareClass2 2025-05-31 01006312 core:ShareCapitalOrdinaryShareClass2 2024-05-31 01006312 core:ShareCapitalOrdinaryShares 2025-05-31 01006312 core:ShareCapitalOrdinaryShares 2024-05-31 01006312 bus:Director1 2024-06-01 2025-05-31 01006312 2023-06-01 2024-05-31 01006312 core:Non-currentFinancialInstruments 2025-05-31 01006312 core:Non-currentFinancialInstruments 2024-05-31 01006312 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 01006312 bus:OrdinaryShareClass2 2024-06-01 2025-05-31 01006312 bus:OrdinaryShareClass1 2025-05-31 01006312 bus:OrdinaryShareClass1 2024-05-31 01006312 bus:OrdinaryShareClass2 2025-05-31 01006312 bus:OrdinaryShareClass2 2024-05-31 01006312 bus:AllOrdinaryShares 2025-05-31 01006312 bus:AllOrdinaryShares 2024-05-31 01006312 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 01006312 bus:FRS102 2024-06-01 2025-05-31 01006312 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 01006312 bus:CompanySecretary1 2024-06-01 2025-05-31 01006312 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 01006312 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP