Company No: 04544861 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	18,162		21,565
Investment property	4	666,783		665,693
		684,945		687,258
Current assets
Stocks	5	1,674,177		1,673,087
Debtors	6	4,907		96,374
Cash at bank and in hand		54,952		76,623
		1,734,036		1,846,084
Creditors: amounts falling due within one year	7	( 1,764,712)		( 2,225,704)
Net current liabilities		(30,676)		(379,620)
Total assets less current liabilities		654,269		307,638
Creditors: amounts falling due after more than one year	8	( 426,000)		0
Provision for liabilities		( 4,707)		( 4,224)
Net assets		223,562		303,414
Capital and reserves
Called-up share capital	9	9,000		9,000
Profit and loss account		214,562		294,414
Total shareholder's funds		223,562		303,414

For the financial year ending 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mulberry Architectural Services Ltd (registered number: 04544861) were approved and authorised for issue by the Director on 13 October 2026. They were signed on its behalf by:

D S Lovell 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

Mulberry Architectural Services Ltd (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 Invermay, 4 Knowle Hill, Budleigh Salterton, EX9 7AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Statement of Financial Position 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 reporting 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties 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:

Plant and machinery	15 % reducing balance
Office equipment	15 % 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 April 2025	23,691		1,415		25,106
At 31 March 2026	23,691		1,415		25,106
Accumulated depreciation
At 01 April 2025	3,364		177		3,541
Charge for the financial year	3,049		354		3,403
At 31 March 2026	6,413		531		6,944
Net book value
At 31 March 2026	17,278		884		18,162
At 31 March 2025	20,327		1,238		21,565

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	665,693
Additions	1,090
As at 31 March 2026	666,783

The 2026 valuations were made by the directors, on an open market value for existing use basis.

5. Stocks

	2026		2025
	£		£
Work in progress	1,674,177		1,673,087

6. Debtors

	2026		2025
	£		£
Trade debtors	0		634
Amounts owed by related parties	0		85,949
VAT recoverable	2,636		9,791
Corporation tax	2,271		0
	4,907		96,374

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to director	1,760,683		2,218,721
Accruals	3,480		4,305
Taxation and social security	100		2,370
Other creditors	449		308
	1,764,712		2,225,704

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

	2026		2025
	£		£
Bank loans (secured)	426,000		0

The bank loans are secured by a legal mortgage over the investment properties and by a fixed charge over the company's assets.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
6,000 Ordinary A shares of £ 1.00 each	6,000		6,000
2,000 Ordinary C shares of £ 1.00 each	2,000		2,000
1,000 Ordinary D shares of £ 1.00 each	1,000		1,000
	9,000		9,000

10. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Amounts owed to directors	1,760,683		2,218,721

No interest has been charged on the above amounts and there are no set repayment terms.