REGISTERED NUMBER: 10830415 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Mullingar Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

Ms M T McMenamin

S C Kavanagh

REGISTERED OFFICE:

99 Canterbury Road

Whitstable

Kent

CT5 4HG

REGISTERED NUMBER:

10830415 (England and Wales)

ACCOUNTANTS:

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Tangible assets

4

438

1,731

Investment property

5

2,805,074

2,759,807

2,805,512

2,761,538

CURRENT ASSETS

Debtors

6

34,896

37,546

Cash at bank

10,669

61,084

45,565

98,630

CREDITORS

Amounts falling due within one year

7

365,400

470,207

NET CURRENT LIABILITIES

(319,835

)

(371,577

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,485,677

2,389,961

CREDITORS

Amounts falling due after more than one year

8

2,563,545

2,435,521

NET LIABILITIES

(77,868

)

(45,560

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(77,968

)

(45,660

)

SHAREHOLDERS' FUNDS

(77,868

)

(45,560

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 26 February 2026 and were signed on its behalf by:

S C Kavanagh - Director

Ms M T McMenamin - Director

1.	STATUTORY INFORMATION

Mullingar Homes Ltd 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.

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 etc

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

5,184

DEPRECIATION

At 1 July 2024

3,453

Charge for year

1,293

At 30 June 2025

4,746

NET BOOK VALUE

At 30 June 2025

438

At 30 June 2024

1,731

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

2,759,807

Additions

45,267

At 30 June 2025

2,805,074

NET BOOK VALUE

At 30 June 2025

2,805,074

At 30 June 2024

2,759,807

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

329

329

Prepayments

34,567

37,217

34,896

37,546

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,025

3,933

Other loans

60,000

145,000

Amounts owed to associates

555

555

PAYE & NIC

-

4,158

Other creditors

-

4,757

Deposits held

1,925

3,000

Directors' current accounts

258,085

269,039

Accrued expenses

40,810

39,765

365,400

470,207

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,119

4,025

Bank loans - 2-5 years

12,575

12,647

Bank loans more 5 yr by instal

-

4,047

Mortgages more 5yrs instal

2,546,851

2,414,802

2,563,545

2,435,521

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,047

Mortgages more 5yrs instal

2,546,851

2,414,802

2,546,851

2,418,849

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mullingar Homes Ltd for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mullingar Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mullingar Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Mullingar Homes Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mullingar Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mullingar Homes Ltd. You consider that Mullingar Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mullingar Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

27 February 2026