Mansbridge & Balment Holdings Limited - Period Ending 2017-12-31

Registration number: 05137296

Mansbridge & Balment Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Mansbridge & Balment Holdings Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Mansbridge & Balment Holdings Limited

(Registration number: 05137296)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Investments	3	50,001	50,001
Other financial assets		145	145
		50,146	50,146
Current assets
Debtors	4	452,355	462,057
Creditors: Amounts falling due within one year	5	(1,420)	(1,420)
Net current assets		450,935	460,637
Net assets		501,081	510,783
Capital and reserves
Called up share capital		150	150
Share premium reserve		49,950	49,950
Profit and loss account		450,981	460,683
Total equity		501,081	510,783

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Mansbridge & Balment Holdings Limited

(Registration number: 05137296)
Balance Sheet as at 31 December 2017

For the financial year ending 31 December 2017 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 July 2018 and signed on its behalf by:
 

.........................................

Mr Darren James Lawson
Director

.........................................

Mrs Deborah Jane Lawson
Company secretary and director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Mansbridge & Balment Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
6 Mannamead Road
Plymouth
Devon
PL4 7AA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Page 3

Mansbridge & Balment Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

3	Investments

	2017 £	2016 £
Investments in subsidiaries	50,001	50,001

Subsidiaries	£
Cost or valuation
At 1 January 2017	50,001
Provision
Carrying amount
At 31 December 2017	50,001
At 31 December 2016	50,001

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2017	2016

Subsidiary undertakings
Mansbridge & Balment (Plymouth) Ltd	6 Mannamead Road, Plymouth, Devon, PL4 7AA	Ordinary	100%	100%
	United Kingdon

Associates
CMB Mortgage Consultants Ltd	6 Houndiscombe Road, Plymouth, Devon, PL4 6HH	Ordinary	33.5%	33.5%
	United Kingsdom

The principal activity of Mansbridge & Balment (Plymouth) Ltd is estate agents and valuers.

The principal activity of CMB Mortgage Consultants Ltd is mortgage consultants.

Page 4

Mansbridge & Balment Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

4

Debtors

	Note	2017 £	2016 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		101,005	60,707
Other debtors		351,350	401,350
		452,355	462,057

5

Creditors

Creditors: amounts falling due within one year

	2017 £	2016 £
Due within one year
Other creditors	1,420	1,420

Page 5