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Unaudited Financial Statements for the Year Ended 31 August 2021 |
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Mulberry Tree Holdings Ltd |
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Unaudited Financial Statements for the Year Ended 31 August 2021 |
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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 2021 |
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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 2021 |
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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 2021 |
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31.8.21 | 31.8.20 |
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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( |
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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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Fair value reserve | 8 |
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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 2021 |
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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 2021 |
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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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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Government grants |
All grants provided by the UK Government to the entity have been calculated on an accruals basis. |
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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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Mulberry Tree Holdings Ltd (Registered number: 09750840) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
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3. | ACCOUNTING POLICIES - continued |
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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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 |
At 1 September 2020 |
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Additions |
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At 31 August 2021 |
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DEPRECIATION |
At 1 September 2020 |
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Charge for year |
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At 31 August 2021 |
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NET BOOK VALUE |
At 31 August 2021 |
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At 31 August 2020 |
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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 2021 |
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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 OR VALUATION |
At 1 September 2020 | 303,850 |
Revaluation | (303,850 | ) |
At 31 August 2021 | - |
NET BOOK VALUE |
At 31 August 2021 | - |
At 31 August 2020 | 303,850 |
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Cost or valuation at 31 August 2021 is represented by: |
Totals |
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Valuation in 2020 | 303,750 |
Valuation in 2021 | (303,850 | ) |
Cost | 100 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.8.21 | 31.8.20 |
£ | £ |
Repayable by instalments |
Bank loans > 5 years | - | 50,000 |
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8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 September 2020 |
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Reserve transfer | (246,037 | ) |
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At 31 August 2021 |
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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 2021 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020: |
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31.8.21 | 31.8.20 |
£ | £ |
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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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10. | 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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Mulberry Tree Property Holdings Ltd - £3,145 (2020 balance due to Mulberry Tree Holdings Ltd: £56,327) |
Calgarth House Ltd - £18,238.92 (2020: £100) |
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At the end of the period the company was owed the following amounts by group companies, which are included within debtors due within one year: |
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Oliver Davis Group Ltd - £6 (2020: £nil) |
Thirty Three Holdings Ltd - £4 (2020 balance due to Thirty Three Holdings Ltd: £13,000) |
MTH Flour Mills Ltd - £1,321,408 (2020: £nil) |
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During the period a director repaid £65,233 of a balance loaned to them by the company, and the company repaid £593 of a loan owed to a director. |
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During the period, a director loaned the company £1,685 which remained outstanding at the year end. |
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The loans are made interest free and are repayable on demand. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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12. | COVID-19 BUSINESS SUPPORT |
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The company received £1,150 in respect of claims made under the Coronavirus Job Retention Scheme. The claims were contingent on paying employees a minimum of 80% of their normal salary. No other conditions or contingencies have been applied to the claims. |