Mansion House Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06792446 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Mansion House Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Buck

P J Champion

REGISTERED OFFICE:

107 Cheapside

London

EC2V 6DN

REGISTERED NUMBER:

06792446 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

4

234

311

CURRENT ASSETS

Debtors

5

29,535

73,936

CREDITORS

Amounts falling due within one year

6

28,769

35,209

NET CURRENT ASSETS

766

38,727

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000

39,038

CREDITORS

Amounts falling due after more than one year

7

39,810

40,332

NET LIABILITIES

(38,810

)

(1,294

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(39,810

)

(2,294

)

SHAREHOLDERS' FUNDS

(38,810

)

(1,294

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 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 Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:

T Buck - Director

1.	STATUTORY INFORMATION

Mansion House Associates 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.

Turnover

Turnover represents the fair value net invoiced sales of services, excluding value added tax (having regard to the fulfilment of contractual obligations).

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

and 31 January 2023

557

DEPRECIATION

At 1 February 2022

246

Charge for year

77

At 31 January 2023

323

NET BOOK VALUE

At 31 January 2023

234

At 31 January 2022

311

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Other debtors

29,535

73,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

24,521

9,234

Trade creditors

1,248

8,902

Taxation and social security

-

15,573

Other creditors

3,000

1,500

28,769

35,209

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

39,810

40,332

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23

31.1.22

£

£

T Buck

Balance outstanding at start of year

46,642

53,920

Amounts advanced

2,348

11,916

Amounts repaid

(47,125

)

(19,194

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,865

46,642

P J Champion

Balance outstanding at start of year

9,131

9,131

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,131

9,131

Interest has been charged at 2% inline with HMRC approved rates.