REGISTERED NUMBER: 12145951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MANSION HOUSE GROUP DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J E Peel

REGISTERED OFFICE:

16b Bridgewater Street

Lymm

Cheshire

WA13 0AB

REGISTERED NUMBER:

12145951 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

3rd Floor

St George's House

56 Peter Street

Manchester

M2 3NQ

CURRENT ASSETS

Stocks

4

8,233,413

7,962,677

Debtors

5

9,557

47,247

Cash at bank

8,879

3,367

8,251,849

8,013,291

CREDITORS

Amounts falling due within one year

6

84,863

24,647

NET CURRENT ASSETS

8,166,986

7,988,644

TOTAL ASSETS LESS CURRENT LIABILITIES

8,166,986

7,988,644

CREDITORS

Amounts falling due after more than one year

7

8,222,247

8,003,174

NET LIABILITIES

(55,261

)

(14,530

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(55,361

)

(14,630

)

(55,261

)

(14,530

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 May 2026 and were signed by:

R J E Peel - Director

1.	STATUTORY INFORMATION

Mansion House Group Developments 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.

Turnover

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

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, overheads and directly attributable borrowing costs 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 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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

The director, having considered the Company’s objectives and available resources, is satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future based on the support from their lenders who have agreed to support the entity until the development is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

STOCKS

2025

2024

£

£

Work-in-progress

8,233,413

7,962,677

WIP includes capitalised finance costs of £2,094,100 (2024: £1,950,856).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

46,914

Other debtors

9,557

333

9,557

47,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

11,461

10,648

Trade creditors

71,952

12,634

Accruals and deferred income

1,450

1,365

84,863

24,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

8,222,247

8,003,174

Included within bank loans is an amount of £8,210,653 (2024: £7,983,481) secured by a legal charge

over the freehold property and a debenture over all the assets and undertaking of Mansion House Group Developments Limited.

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

11,461

10,648

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,674

19,773

Amounts falling due between two and five years:

Bank loans - 2-5 years

8,210,573

7,983,401

9.	RELATED PARTY DISCLOSURES

During the year the company was charged costs by Marple House Project Management Limited, a company in which R J E Peel is a director and the sole shareholder of £3,812,166 (2024:£10,872). Marple House Project Management Limited received funds of £3,822,362 (2024:£47,740) and made repayments to Mansion House Group Developments Limited of £18,900 (2024:£8,500). At 31 August 2025 the balance owed from Marple House Project Management Limited to Mansion House Group Developments Limited was £38,210 (2024:£46,914).

A provision was recognised against this balance at the year end, as explained further in note 10.

10.	PROVISION FOR IRRECOVERABLE DEBT

Subsequent to the year end, Marple House Project Management Limited, from which the company had a related party receivable balance outstanding, entered into administration. Management has reassessed the recoverability of this balance and determined it to be irrecoverable, leading to the recognition of a full provision against the amount.