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Company No: 03935647 (England and Wales)

# MANSBRIDGE BALMENT LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

MANSBRIDGE BALMENT LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

MANSBRIDGE BALMENT LIMITED

## BALANCE SHEET

As at 31 December 2025
MANSBRIDGE BALMENT LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 16,903 |  | 10,772
|  | 16,903 |  | 10,772
Current assets |  |  |  |
Debtors | 4 | 133,684 |  | 162,121
Cash at bank and in hand |  | 39,716 |  | 22,653
|  | 173,400 |  | 184,774
Creditors: amounts falling due within one year | 5 | ( 67,475) |  | ( 70,197)
Net current assets |  | 105,925 |  | 114,577
Total assets less current liabilities |  | 122,828 |  | 125,349
Creditors: amounts falling due after more than one year | 6 | ( 337,706) |  | ( 425,033)
Provision for liabilities |  | 32,458 |  | 53,859
Net liabilities |  | ( 182,420) |  | ( 245,825)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 49,600 |  | 49,600
Capital redemption reserve |  | 26,160 |  | 26,160
Profit and loss account |  | ( 258,180 ) |  | ( 321,585 )
Total shareholder's deficit |  | ( 182,420) |  | ( 245,825)

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mansbridge Balment Limited (registered number: 03935647) were approved and authorised for issue by the Board of Directors on 16 July 2026. They were signed on its behalf by:

Mr T Carlton Director |  | Mr N D R Henderson Director

MANSBRIDGE BALMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
MANSBRIDGE BALMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Mansbridge Balment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Market Road, Tavistock, PL19 0BW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

Following the Company Voluntary Arrangement, the company has returned to profitability and has been meeting the repayment obligations in accordance with the agreed terms of the arrangement. Further details are provided in note 6.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on over its expected useful life, as follows:

Leasehold improvements | 20 years straight line
Vehicles | 25 % reducing balance
Office equipment | 20 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 13

#### 3. Tangible assets

| Leasehold improve- ments |  | Vehicles |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 21,408 |  | 2,800 |  | 82,955 |  | 56,415 |  | 163,578
Additions | 8,348 |  | 0 |  | 110 |  | 0 |  | 8,458
At 31 December 2025 | 29,756 |  | 2,800 |  | 83,065 |  | 56,415 |  | 172,036
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 18,020 |  | 2,800 |  | 77,486 |  | 54,500 |  | 152,806
Charge for the financial year | 737 |  | 0 |  | 1,112 |  | 478 |  | 2,327
At 31 December 2025 | 18,757 |  | 2,800 |  | 78,598 |  | 54,978 |  | 155,133
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2025 | 10,999 |  | 0 |  | 4,467 |  | 1,437 |  | 16,903
At 31 December 2024 | 3,388 |  | 0 |  | 5,469 |  | 1,915 |  | 10,772

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 8,103 |  | 21,717
Amounts owed by Group undertakings | 124,174 |  | 138,674
Other debtors | 1,407 |  | 1,730
| 133,684 |  | 162,121

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,000 |  | 12,000
Trade creditors | 8,775 |  | 17,530
Other taxation and social security | 21,807 |  | 12,604
Other creditors | 31,893 |  | 28,063
| 67,475 |  | 70,197

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 5,000
Other loans | 83,349 |  | 109,322
Other creditors | 254,357 |  | 310,711
| 337,706 |  | 425,033

There are no amounts included above in respect of which any security has been given by the small entity.
On 19 November 2024, the company entered into a Company Voluntary Arrangement (CVA) with its creditors. The CVA was approved by the required majority of creditors and provides for the settlement of outstanding debts over an agreed period.
As a result, certain creditor balances have been restructured in accordance with the terms of the CVA. The amounts shown in other creditors £254,357 (2024: £310,711) relates to the obligations of the CVA.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
48,000 Ordinary shares of £ 1.00 each | 48,000 |  | 48,000
32,000 Ordinary A shares of £ 0.05 each | 1,600 |  | 1,600
| 49,600 |  | 49,600

#### 8. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Finance leases entered into | 33,375 |  | 56,875

At the balance sheet date, the company had the above future minimum lease payments due. The lease commitment relates to the premises in Yelverton.

#### 9. Ultimate controlling party

Parent Company:

Mansbridge Balment (Group) Limited
4 Market Road Tavistock, Devon, United Kingdom, PL19 0BW

The ultimate controlling party is the director, Mr N D R Henderson.