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Company Registration No. 13940674 (England and Wales)
49 MOWLEM STREET PROPERTIES LIMITED Unaudited accounts for the year ended 29 February 2024
49 MOWLEM STREET PROPERTIES LIMITED Unaudited accounts Contents
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49 MOWLEM STREET PROPERTIES LIMITED Company Information for the year ended 29 February 2024
Director
S J Burns
Company Number
13940674 (England and Wales)
Registered Office
Unit 9, 1st Floor 49 Mowlem Street Bethnal Green London E2 9HE
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49 MOWLEM STREET PROPERTIES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
564,410 
560,978 
Current assets
Cash at bank and in hand
2,003 
8,738 
Creditors: amounts falling due within one year
(500)
(500)
Net current assets
1,503 
8,238 
Total assets less current liabilities
565,913 
569,216 
Creditors: amounts falling due after more than one year
(572,000)
(570,000)
Net liabilities
(6,087)
(784)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,187)
(884)
Shareholders' funds
(6,087)
(784)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2024 and were signed on its behalf by
S J Burns Director Company Registration No. 13940674
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49 MOWLEM STREET PROPERTIES LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
49 MOWLEM STREET PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13940674. The registered office is Unit 9, 1st Floor, 49 Mowlem Street, Bethnal Green , London, E2 9HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
560,978 
Additions
3,432 
At 29 February 2024
564,410 
The investment property has been valued by the director as at the reporting date.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
500 
500 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
572,000 
570,000 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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