The average number of persons, including directors, employed by the company during the year was as follows:

In December 2021, the company entered into arrangements with a developer through a development lease, for the development of a villa and penthouse apartments in the airspace above Thurlby Court, Pembroke Hall and Courtney House in Mulberry Close, Hendon.

As Part of these arrangements, the company granted its wholly owned subsidiary the legal (but not beneficial) ownership of a headlease over the land relating to the villa and airspace in the three buildings.

On completion of the development, both the headlease and the development lease will be surrendered so that new leases of the newly constructed residential units will be held as new leases under the freehold interest by the company, thereby reflecting the company's ownership.

The company also holds funds in its capacity as trustee for the service charge for the properties at Courtney House, Pembroke Hall and Thurlby Croft, all of Mulberry Close, London. Full details can be found i the separately prepared service charge accounts.

Included within creditors due within one year is a loan of £434,745 (2024 £411,111) from service charge reserve funds.

As a party to the development agreement, the company has an overage right to a share of any eventual gains. The amount of any such deferred consideration is currently unascertainable, The directors are of the opinion that the prospect of realising any overage was poor at the time the development agreement was signed due to series delays in the project and a lack of availability of building contractors following the covid pandemic. As a result, no value has been recognised in relation to the overage in the accounts.

Mulberry Close Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o Arrow Leasehold Management Ltd, Bc04 Building, 13 Princess Margaret Road, Thames Industrial Park, East Tilbury, Essex, England, RM18 8RH.

For the year ended 24 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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