MULBERRY_HOUSE_LIMITED - Accounts

MULBERRY HOUSE LIMITED - Company Information

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Company Registration No. 03849309 (England and Wales)

MULBERRY HOUSE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

MULBERRY HOUSE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MULBERRY HOUSE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

407,309

336,730

Current assets

Stocks

481

Debtors

79,070

310,026

Cash at bank and in hand

1,097,368

603,300

1,176,919

913,807

Creditors: amounts falling due within one year

(418,005)

(279,178)

Net current assets

758,914

634,629

Total assets less current liabilities

1,166,223

971,359

Creditors: amounts falling due after more than one year

(11,174)

(116,697)

Provisions for liabilities

(6,419)

(17,195)

1,148,630

837,467

Capital and reserves

Called up share capital

Profit and loss account

1,148,620

837,457

Shareholders' funds

1,148,630

837,467

MULBERRY HOUSE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 September 2015

Count N Von Sachsenburg

Countess P Von Sachsenburg

Director

Company Registration No. 03849309

MULBERRY HOUSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, and is recognised on delivery of those goods and services.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Property improvements

10% straight line

Training equipment

33% straight line

Studio Furntiure

50% straight line

Fixtures, fittings & equipment / office equipment

20% straight line / 50% reducing balance

Motor vehicles

25% reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 January 2014

690,616

Additions

171,409

At 31 December 2014

862,025

Depreciation

At 1 January 2014

353,886

Charge for the year

100,830

At 31 December 2014

454,716

Net book value

At 31 December 2014

407,309

At 31 December 2013

336,730

MULBERRY HOUSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

10 Ordinary shares of £1 each