Company No: 06513578 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	757		1,009
		757		1,009
Current assets
Debtors	4	10,673		12,452
Cash at bank and in hand		8,226		27
		18,899		12,479
Creditors: amounts falling due within one year	5	( 38,022)		( 43,464)
Net current liabilities		(19,123)		(30,985)
Total assets less current liabilities		(18,366)		(29,976)
Creditors: amounts falling due after more than one year	6	( 74,835)		( 79,835)
Provision for liabilities		20,227		18,270
Net liabilities		( 72,974)		( 91,541)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 73,074 )		( 91,641 )
Total shareholder's deficit		( 72,974)		( 91,541)

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.

Director's 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 director acknowledges 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 (Okehampton) Limited (registered number: 06513578) were approved and authorised for issue by the Director on 14 July 2026. They were signed on its behalf by:

Mr N D R Henderson Director

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 (Okehampton) 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

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

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 a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements	11 years straight line
Fixtures and fittings	25 % reducing balance
Office 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.

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 the director	2		2

3. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2025	37,500		4,752		1,589		43,841
At 31 December 2025	37,500		4,752		1,589		43,841
Accumulated depreciation
At 01 January 2025	37,500		3,939		1,393		42,832
Charge for the financial year	0		203		49		252
At 31 December 2025	37,500		4,142		1,442		43,084
Net book value
At 31 December 2025	0		610		147		757
At 31 December 2024	0		813		196		1,009

4. Debtors

	2025		2024
	£		£
Trade debtors	1,860		0
Other debtors	8,813		12,452
	10,673		12,452

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	0		6,897
Trade creditors	22,817		30,595
Amounts owed to Group undertakings	5,000		0
Other taxation and social security	9,221		4,642
Other creditors	984		1,330
	38,022		43,464

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

	2025		2024
	£		£
Amounts owed to Group undertakings	74,835		79,835

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
51 Ordinary shares of £ 1.00 each	51		51
49 Ordinary A shares of £ 1.00 each	49		49
	100		100

8. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	9,000		22,500

The total amount of financial commitments not included in the balance sheet is £9,000 (2024 - £22,500).

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.