REGISTERED NUMBER: 07501084 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

MBFURNITURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M E Banbury

REGISTERED OFFICE:

2nd Floor

168 Shoreditch High Street

London

E1 6RA

REGISTERED NUMBER:

07501084 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

2,300

3,431

Investment property

5

900,000

744,081

902,300

747,512

CURRENT ASSETS

Debtors

6

85,288

63,001

Cash at bank

157,288

148,823

242,576

211,824

CREDITORS

Amounts falling due within one year

7

(335,416

)

(124,161

)

NET CURRENT (LIABILITIES)/ASSETS

(92,840

)

87,663

TOTAL ASSETS LESS CURRENT LIABILITIES

809,460

835,175

CREDITORS

Amounts falling due after more than one year

8

(216,364

)

(268,264

)

PROVISIONS FOR LIABILITIES

9

(437

)

(641

)

NET ASSETS

592,659

566,270

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

592,658

566,269

SHAREHOLDERS' FUNDS

592,659

566,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2026 and were signed by:

M E Banbury - Director

1.	STATUTORY INFORMATION

MBFurniture Ltd 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-

the company has transferred the significant risks and rewards of ownership to the buyer;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the company will receive the consideration due under the transaction; and

-

the the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

4 years on cost

Computer equipment

-

3 years on cost

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current tax.Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2025

30,864

12,553

43,417

Additions

-

578

578

At 31 January 2026

30,864

13,131

43,995

DEPRECIATION

At 1 February 2025

29,065

10,921

39,986

Charge for year

612

1,097

1,709

At 31 January 2026

29,677

12,018

41,695

NET BOOK VALUE

At 31 January 2026

1,187

1,113

2,300

At 31 January 2025

1,799

1,632

3,431

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

744,081

Revaluations

155,919

At 31 January 2026

900,000

NET BOOK VALUE

At 31 January 2026

900,000

At 31 January 2025

744,081

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

155,919

Cost

744,081

900,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

53,500

17,992

Other debtors

31,788

45,009

85,288

63,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

33,000

9,983

Trade creditors

76,820

4,130

Taxation and social security

21,366

5,200

Other creditors

204,230

104,848

335,416

124,161

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

216,364

268,264

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

193,053

224,429

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

437

641

Deferred tax

£

Balance at 1 February 2025

641

Provided during year

(204

)

Movement in year

Balance at 31 January 2026

437

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year under review key management personnel advanced £59,912 (2025 - £45,526) and repaid £60,772 (2025 - £24,224) to the company. At the balance sheet date key management personnel owed the company £26,115 (2024 - £26,975).