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Registered number: 13060516
M.B.H.3 DEVELOPMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2026
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M.B.H.3 DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13060516
BALANCE SHEET
AS AT 31 JANUARY 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 on 16 October 2026.
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M.B.H.3 DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13060516
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2026
The notes on pages 3 to 7 form part of these financial statements.
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M.B.H.3 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
M.B.H.3 Developments 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
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Basis of preparation of financial statements
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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.
The turnover shown in the profit and loss account represents rental income and commissions receivable during the year, exclusive of value added tax.
At 31 January 2026 the company had net current liabilities of £217,867 and net liabilities of £41,715. The going concern basis is considered appropriate for the preparation of the financial statements due to the continued financial support of the directors and related companies
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M.B.H.3 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
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; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
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 acount. 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
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M.B.H.3 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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The average monthly number of employees, including directors, during the year was 4 (2025 - 4).
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Charge for the year on owned assets
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M.B.H.3 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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Freehold investment property
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The 2026 valuations were made by the directors, on an open market value basis.
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If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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Prepayments and accrued income
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M.B.H.3 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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Creditors: Amounts falling due within one year
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Amounts owed to related parties
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Other taxation and social security
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Accruals and deferred income
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Related party transactions
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The company entered into transactions with its parent undertaking, M.B.H.3 Limited, during the year. Under a sub-lease arrangement, the company leased lodge properties from M.B.H.3 Limited and generated rental income from customers occupying those lodges.
At 31 January 2026, an amount of £230,875 (2025: £122,069) was due to M.B.H.3 Limited. The balance was unsecured, interest-free and repayable on demand.
The company entered into transactions with Pantglas Owners Club, a private members’ club managed by the directors, during the year. These transactions comprised the purchase of holiday rental weeks which were subsequently marketed and let by the company as part of its normal trading activities.
At 31 March 2025, the outstanding balance due to Pantglas Owners Club amounted to £155,000 (2025: £247). The balance was unsecured, interest-free and repayable on demand.
During the year the company received services from Lightcourt Ltd, a group undertaking, on normal commercial terms and at market value. At the year end, there were no material outstanding balances in respect of these transactions.
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