|
Registered number: 02681787
M.B.H.3 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
M.B.H.3 LIMITED
REGISTERED NUMBER: 02681787
BALANCE SHEET
AS AT 31 JANUARY 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non distributable reserves
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M.B.H.3 LIMITED
REGISTERED NUMBER: 02681787
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
J Butcher
|
|
|
|
|
|
|
The notes on pages 8 to 14 form part of these financial statements.
|
|
M.B.H.3 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|
|
|
Non-distributable reserve
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
|
|
Surplus on revaluation of freehold property
|
|
|
|
|
|
Transfer of surplus on revaluation of investment property
|
|
|
|
|
|
Deferred tax on revaluation
|
|
|
|
|
|
Excess depreciation on revaluation
|
|
|
|
|
|
Other comprehensive income for the year
|
|
|
|
|
|
Total comprehensive income for the year
|
|
|
|
|
|
Contributions by and distributions to owners
|
|
|
|
|
|
Shares issued during the year
|
|
|
|
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M.B.H.3 LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
Surplus on revaluation of freehold property
|
|
Transfer of surplus on revaluation of investment property
|
|
Deferred tax on revaluation
|
|
Excess depreciation on revaluation
|
|
Other comprehensive income for the year
|
|
Total comprehensive income for the year
|
|
Contributions by and distributions to owners
|
|
Shares issued during the year
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
M.B.H.3 LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
The notes on pages 8 to 14 form part of these financial statements.
|
|
|
M.B.H.3 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
|
|
|
|
|
Non-distributable reserve
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax on revaluation
|
|
|
|
|
|
Excess depreciation on revaluation
|
|
|
|
|
|
Other comprehensive income for the year
|
|
|
|
|
|
Total comprehensive income for the year
|
|
|
|
|
|
Contributions by and distributions to owners
|
|
|
|
|
|
Shares issued during the year
|
|
|
|
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M.B.H.3 LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
Deferred tax on revaluation
|
|
Excess depreciation on revaluation
|
|
Other comprehensive income for the year
|
|
Total comprehensive income for the year
|
|
Contributions by and distributions to owners
|
|
Shares issued during the year
|
|
Total transactions with owners
|
|
|
|
|
|
|
|
|
|
The notes on pages 8 to 14 form part of these financial statements.
|
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
M.B.H.3 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
There have been no material departures from Financial Reporting Standard 102 1A.
|
|
|
Preparation of consolidated financial statements
|
The financial statements contain information about M.B.H.3 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
|
|
|
Current and deferred taxation
|
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Land and buildings are measured at fair value based on an estimate of the open market value of the site as a going concern. Revaluation surpluses and deficits are recognised in the revaluation reserve, with losses recognised only to the extent that they relate to a previous revaluation gain, otherwise they are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the site is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
|
|
|
Tangible fixed assets (continued)
|
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.
Basic financial instruments are recognised at amortised cost.
|
|
The average monthly number of employees, including directors, during the year was 4 (2025 - 4).
|
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost or valuation at 31 January 2026 is as follows:
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
4.Tangible fixed assets (continued)
|
|
If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and buildings were valued at fair value on 31 January 2026 by the directors who do not have formal valuation qualifications. Fair value is based on an assessment of the market value of the site on a going concern basis.
|
|
|
Freehold investment property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment properties were valued at fair value on 31 January 2026 by the directors. In valuing the properties the directors have considered rental yields and values of similar properties in a similar area
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|
|
|
|
|
Amounts due from related party
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank loans and overdrafts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following secured debts are included within creditors:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by way of a fixed and floating charge over all assets and property of the company.
|
|
|
M.B.H.3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
500,175 (2025 - 486,075) Preference share capital shares of £1.00 each
|
|
|
The following shares were issued during the year for cash at par:
14,100 Preference shares of £1
Included within other creditors is £91,000 (2025: £1,000) in redeemable preference shares, the share term is 5 years from the date of issue, and the securities are liable to be redeemed at the option of the company or holder. The directors may determine the terms, conditions and manner of redemption of these shares.
|
|
Related party transactions
|
The company entered into transactions with its subsidiary undertaking, M.B.H.3 Developments Limited, during the year. Under a sub-lease arrangement, the company leased lodge properties to M.B.H.3 Developments Limited which generated rental income from customers occupying those lodges.
At 31 January 2026, an amount of £230,875 (2025: £122,069) was due from M.B.H.3 Developments Limited. The balance was unsecured, interest-free and repayable on demand.
During the year, the company paid expenses on behalf of Pantglas Owners Club, a private members’ club managed by the directors. At 31 January 2026, the amount due from Pantglas Owners Club was £5,938 (2025: £nil). The balance was unsecured, interest-free and repayable on demand.
At 31 January 2026, the following balances were due to directors and were included within creditors:
• J Butcher: £3,569 (2025: £nil)
• B Hitchcott: £630 (2025: £nil)
• S Jones: £1,643 (2025: £nil)
• A Ross: £1,148 (2025: £nil)
These balances were unsecured, interest-free and repayable on demand
|