REGISTERED NUMBER: 16168578 (England and Wales)

MAHONE BAY VENTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

7 JANUARY 2025 TO 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Majumder-Russell

D Russell

REGISTERED OFFICE:

Unit 5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

16168578 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Investment property

5

320,000

CURRENT ASSETS

Debtors

6

258

Cash at bank

5,258

5,516

CREDITORS

Amounts falling due within one year

7

135,158

NET CURRENT LIABILITIES

(129,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,358

CREDITORS

Amounts falling due after more than one year

8

219,026

NET LIABILITIES

(28,668

)

CAPITAL AND RESERVES

Called up, paid and allotted share capital

10

2

Retained earnings

(28,670

)

SHAREHOLDERS' FUNDS

(28,668

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 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 5 October 2026 and were signed on its behalf by:

D Russell - Director

1.	STATUTORY INFORMATION

Mahone Bay Ventures 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the directors as the company operates within its agreed banking facilities and with the support of the directors.

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

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

339,762

Revaluations

(19,762

)

At 31 January 2026

320,000

NET BOOK VALUE

At 31 January 2026

320,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

(19,762

)

Cost

339,762

320,000

Investment properties were valued on an open market basis on 31 January 2026 by the directors.

If investment properties had not been revalued they would have been included at historical cost totalling £339,762.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

135,158

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

219,026

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

219,026

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

219,026

The mortgage is secured by charges in favour of Leeds Building Society, to secure property. This comprises of fixed charges over the undertaking as well as a negative pledge.

10.

CALLED UP, PAID AND ALLOTTED SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

2 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

11.	RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year, loans in aggregate of £134,198 were provided to the company. At the year end, the directors were owed £134,198.