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REGISTERED NUMBER: 13048520 (England and Wales)















Financial Statements for the Period 30 April 2022 to 28 April 2023

for

Mowbray Property Investments Limited

Mowbray Property Investments Limited (Registered number: 13048520)






Contents of the Financial Statements
for the Period 30 April 2022 to 28 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Mowbray Property Investments Limited

Company Information
for the Period 30 April 2022 to 28 April 2023







DIRECTOR: Mr M J Chadwick





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 13048520 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Mowbray Property Investments Limited (Registered number: 13048520)

Abridged Balance Sheet
28 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 595 816
Investment property 5 5,347,548 5,673,898
5,348,143 5,674,714

CURRENT ASSETS
Debtors 326,187 48,203
Cash at bank 236,225 76,180
562,412 124,383
CREDITORS
Amounts falling due within one year 5,039,513 2,042,363
NET CURRENT LIABILITIES (4,477,101 ) (1,917,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,042

3,756,734

CREDITORS
Amounts falling due after more than one
year

6

840,000

3,769,800
NET ASSETS/(LIABILITIES) 31,042 (13,066 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,942 (13,166 )
31,042 (13,066 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 April 2023 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 and authorised for issue on 6 March 2024 and were signed by:




Mr M J Chadwick - Director


Mowbray Property Investments Limited (Registered number: 13048520)

Notes to the Financial Statements
for the Period 30 April 2022 to 28 April 2023

1. STATUTORY INFORMATION

Mowbray Property Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the period 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 period 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 period was NIL (2022 - NIL).

Mowbray Property Investments Limited (Registered number: 13048520)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 28 April 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 April 2022
and 28 April 2023 833
DEPRECIATION
At 30 April 2022 17
Charge for period 221
At 28 April 2023 238
NET BOOK VALUE
At 28 April 2023 595
At 29 April 2022 816

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2022 5,673,898
Disposals (326,350 )
At 28 April 2023 5,347,548
NET BOOK VALUE
At 28 April 2023 5,347,548
At 29 April 2022 5,673,898

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - 2,477,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,744,730 3,840,000

The bank loans are secured by legal charges over the investment properties and assets of the company, together with debentures over all assets and a cross guarantee with the parent company.

8. CONTINGENT LIABILITIES

The company has entered into a cross guarantee arrangement with its bankers with other group companies. The amount of indebtedness at the balance sheet date was £2,590,000.

Mowbray Property Investments Limited (Registered number: 13048520)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 28 April 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 28 April 2023 and 29 April 2022:

2023 2022
£    £   
Mr M J Chadwick
Balance outstanding at start of period - -
Amounts advanced 197,142 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 197,142 -

Interest was charged at the official rate of interest.

10. RELATED PARTY DISCLOSURES

Included in debtors is £115,000 (2022: £15,000) owed by a company external to the group related by virtue of common control. The loan is interest free and repayable on demand.