Mulberry Management Limited - Accounts to registrar (filleted) - small 18.2

MULBERRY MANAGEMENT LIMITED

Financial Statements

for the Year Ended 31 October 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

D W Kent

R K J Millerioux

R Stopa

Secretary:

C Hawkes

Registered office:

Origin Two

106 High Street

Crawley

West Sussex

RH10 1BF

Registered number:

01872085 (England and Wales)

Current assets

Debtors

3

167

167

Total assets less current liabilities

167

167

Capital and reserves

Called up share capital

4

167

167

Shareholders' funds

167

167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 July 2019 and were signed on its behalf by:

D W Kent - Director

1.	Statutory information

Mulberry Management 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.

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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors,

including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can

have a significant effect upon the financial statements. However due to the straight forward nature of the

Company's business, management does not believe that there are any judgements that have a significant risk of

causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates

will, by definition, seldom equal the related actual results. However due to the straight forward nature of the

Company's business, management does not believe that there are any estimates and assumptions that have a

significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the

next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Compliance with uitf draft abstract 92 (formerly 49) on residential managem

For the years ended 31 October 2010 and prior, the company's financial statements reflected the activities of

managing Jamestown Harbour residences.

UITF 49 was adopted for the years ended 31 October 2011 and post, where the activities of Jamestown Harbour

residences are now reflected outside these financial statements in separate service charge accounts -

comprising the Profit and Loss Account and Balance Sheet respectively.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments in

commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing

transaction, where the transaction is measured at the present value of the future receipts discounted at a market

rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, and preference shares that are

classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future receipts discounted at a

market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year

or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at

transaction price and subsequently measured at amortised cost using the effective interest method.

(iii) Company financial instruments

The Company has not issued and is not in receipt of any compound financial instruments.

(iv) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis

or to realise the asset and settle the liability simultaneously.

Going concern

These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the

directors have carefully considered these risks including an assessment on uncertainty on future trading

projection for a period of at least 12 months from the date of signing the financial statements, and the extent

to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity,

sufficient to meet the demands of the business including any capita and servicing obligations and external debt

liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider

that the Company is not exposed to losses on these assets which would affect their decision to adopt the going

concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in

operational existence for the foreseeable future and that there are no material uncertainties that lead to

significant doubts upon the Company's ability to continue as a going concern. Thus the directors have

continued to adopt the going concern basis of accounting in preparing these financial statements.

3.

Debtors: amounts falling due within one year

2018

2017

£

£

Other debtors

167

167

Outside the company there are net assets of £282,468.

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

73

Ordinary A shares

2

146

146

420

Ordinary B shares

0.05

21

21

167

167

5.

Reserves

Retained

earnings

£

Profit for the year

-

At 31 October 2018

-