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Unaudited Financial Statements for the Year Ended 31 August 2020 |
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Mulberry Tree Holdings Ltd |
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Unaudited Financial Statements for the Year Ended 31 August 2020 |
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for |
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Mulberry Tree Holdings Ltd |
Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Mulberry Tree Holdings Ltd |
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Company Information |
for the Year Ended 31 August 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Rectory |
Springhead Road |
Northfleet |
Kent |
DA11 8HN |
Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Abridged Balance Sheet |
31 August 2020 |
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31.8.20 | 31.8.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Abridged Balance Sheet - continued |
31 August 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2020 |
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1. | STATUTORY INFORMATION |
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Mulberry Tree Holdings Ltd is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Sales comprise the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. |
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The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows: |
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Revenue from the sale of property that is fully built is recognised at the date of completion of unconditional contracts. Revenue from the sale of property with construction still in progress is recognised at the date of sale completion. |
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Tangible fixed assets |
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Motor vehicles | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at fair value. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2020 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
Additions |
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At 31 August 2020 |
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DEPRECIATION |
Charge for year |
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At 31 August 2020 |
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NET BOOK VALUE |
At 31 August 2020 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 September 2019 | 200 |
Additions | 100 |
Disposals | (200 | ) |
At 31 August 2020 | 100 |
NET BOOK VALUE |
At 31 August 2020 | 100 |
At 31 August 2019 | 200 |
Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2020 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.8.20 | 31.8.19 |
£ | £ |
Repayable by instalments |
Bank loans | 50,000 | - |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019: |
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31.8.20 | 31.8.19 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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9. | RELATED PARTY DISCLOSURES |
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At the end of the period the company owed the following amounts to group companies, which are included within creditors due within one year: |
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Oystergate Property Ltd - £0 (2019: £100) |
Oystergate Management Ltd - £0 (2019: £100) |
Thirty Three Holdings Ltd - £13,000 (2019: £13,000) |
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At the end of the period the company was owed the following amounts to group companies, which are included within debtors due within one year: |
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Mulberry Tree Property Holdings Ltd - £56,327 (2019: £116,787) |
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During the period the company borrowed £593.45 from one of the directors. The balance is included within creditors due within one year. |
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The loans are made interest free and are repayable on demand. |
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Within these financial statements there is accrued income of £1,700,000 relating to goods and services provided to a subsidiary at cost. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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