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REGISTERED NUMBER: 09196262 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Mouse Properties Ltd

Mouse Properties Ltd (Registered number: 09196262)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mouse Properties Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: J A Parker





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 09196262 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Mouse Properties Ltd (Registered number: 09196262)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,200,000

CURRENT ASSETS
Stocks 1,334,504 1,314,057
Debtors 5 89,568 61,842
Cash at bank 4,531 525
1,428,603 1,376,424
CREDITORS
Amounts falling due within one year 6 342,009 324,163
NET CURRENT ASSETS 1,086,594 1,052,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,586,594

2,252,261

CREDITORS
Amounts falling due after more than
one year

7

(1,827,866

)

(1,768,565

)

PROVISIONS FOR LIABILITIES (173,301 ) (92,761 )
NET ASSETS 585,427 390,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 585,327 390,835
SHAREHOLDERS' FUNDS 585,427 390,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Mouse Properties Ltd (Registered number: 09196262)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 April 2024 and were signed by:





J A Parker - Director


Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Mouse Properties Ltd 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 as modified by the revaluation of certain assets.

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.

Investment property is valued annually, by the directors, on an open market valuation basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year 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 year 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.

Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 1,200,000
Revaluations 300,000
At 31 August 2023 1,500,000
NET BOOK VALUE
At 31 August 2023 1,500,000
At 31 August 2022 1,200,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 182,594
Valuation in 2018 270,000
Valuation in 2020 53,290
Valuation in 2023 300,000
Cost 694,116
1,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 38,226 10,500
Other debtors 51,342 51,342
89,568 61,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,714 10,941
Trade creditors 13,570 6,136
Taxation and social security 5,782 5,782
Other creditors 311,943 301,304
342,009 324,163

Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 424,747 435,233
Other creditors 1,403,119 1,333,332
1,827,866 1,768,565

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 435,461 446,174
Other loans 1,403,119 1,333,332
1,838,580 1,779,506

Pendragon Court Limited registered a charge created 1 March 2019 over the freehold property of 2, 4 & 6 Weston Court, Canal Walk, Portsmouth, PO1 1LG.

Pendragon Court Limited registered a charge created 11 March 2020 over the freehold property of 8 CLarendon Road, Southsea, PO5 2EE.

Atom Bank PLC registered a charge created 24 August 2020 over the freehold property of 10 Bellevue Terrace, Southsea, PO5 3AT.

Covetree Developments Limited registered a charge created 22 April 2021 over the freehold property of Ground Floor Shop, 62 High Street, Cosham, Portsmouth, PO6 3DB.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J A Parker.