Mansfield Road Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03893194 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Mansfield Road Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Hargreaves

REGISTERED OFFICE:

129a Middleton Boulevard

Wollaton Park

Nottingham

Nottinghamshire

NG8 1FW

BUSINESS ADDRESS:

29 Magdala Road

Mapperley Park

Nottingham

NG3 5DG

REGISTERED NUMBER:

03893194 (England and Wales)

ACCOUNTANTS:

Cobb Burgin

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Tangible assets

4

1,021

-

Investment property

5

1,587,000

1,587,000

1,588,021

1,587,000

CURRENT ASSETS

Debtors

202,329

211,975

Cash at bank

23,383

26,540

225,712

238,515

CREDITORS

Amounts falling due within one year

168,629

155,673

NET CURRENT ASSETS

57,083

82,842

TOTAL ASSETS LESS CURRENT LIABILITIES

1,645,104

1,669,842

CREDITORS

Amounts falling due after more than one year

6

(773,114

)

(843,781

)

PROVISIONS FOR LIABILITIES

(83,578

)

(83,578

)

NET ASSETS

788,412

742,483

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

634,375

634,375

Retained earnings

154,036

108,107

788,412

742,483

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 19 December 2018 and were signed by:

Mrs S Hargreaves - Director

1.	STATUTORY INFORMATION

Mansfield Road Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the income

statement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,361

At 31 March 2018

1,361

DEPRECIATION

Charge for year

340

At 31 March 2018

340

NET BOOK VALUE

At 31 March 2018

1,021

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

1,587,000

NET BOOK VALUE

At 31 March 2018

1,587,000

At 31 March 2017

1,587,000

The company's investment properties are shown in the balance sheer at their fair value at 31 March

2018.

The valuation was carried out by the director.

Fair value at 31 March 2018 is represented by:

£

Valuation in 2015

717,953

Cost

869,047

1,587,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

547,114

606,113

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

832,114

897,400

8.	RELATED PARTY DISCLOSURES

At 31 March 2018 the company had advanced Castle Design and Consecution Limited the sum of

£198,000 (2017 £198,000). This sum is unsecured, non interest bearing and repayable on demand