Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01true5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseproperty management5truefalse 01306315 2023-04-01 2024-03-31 01306315 2024-03-31 01306315 2022-04-01 2023-03-31 01306315 2023-03-31 01306315 2022-04-01 01306315 c:Director1 2023-04-01 2024-03-31 01306315 d:Buildings 2023-04-01 2024-03-31 01306315 d:Buildings 2024-03-31 01306315 d:Buildings 2023-03-31 01306315 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01306315 d:FurnitureFittings 2023-04-01 2024-03-31 01306315 d:FurnitureFittings 2024-03-31 01306315 d:FurnitureFittings 2023-03-31 01306315 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01306315 d:OfficeEquipment 2024-03-31 01306315 d:OfficeEquipment 2023-03-31 01306315 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01306315 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01306315 d:CurrentFinancialInstruments 2024-03-31 01306315 d:CurrentFinancialInstruments 2023-03-31 01306315 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01306315 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01306315 d:ShareCapital 2024-03-31 01306315 d:ShareCapital 2023-03-31 01306315 d:RetainedEarningsAccumulatedLosses 2024-03-31 01306315 d:RetainedEarningsAccumulatedLosses 2023-03-31 01306315 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01306315 c:OrdinaryShareClass1 2024-03-31 01306315 c:OrdinaryShareClass1 2023-03-31 01306315 c:FRS102 2023-04-01 2024-03-31 01306315 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01306315 c:FullAccounts 2023-04-01 2024-03-31 01306315 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01306315 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01306315 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01306315 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01306315


MOUNTCURZON MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MOUNTCURZON MANAGEMENT LIMITED
REGISTERED NUMBER: 01306315

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
659
775

  
659
775

Current assets
  

Debtors: amounts falling due within one year
 5 
195,007
151,381

Cash at bank and in hand
 6 
181
181

  
195,188
151,562

Creditors: amounts falling due within one year
 7 
(181,624)
(180,372)

Net current assets/(liabilities)
  
 
 
13,564
 
 
(28,810)

Total assets less current liabilities
  
14,223
(28,035)

Provisions for liabilities
  

Deferred tax
 8 
(149)
(149)

  
 
 
(149)
 
 
(149)

Net assets/(liabilities)
  
14,074
(28,184)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
14,072
(28,186)

  
14,074
(28,184)


Page 1

 
MOUNTCURZON MANAGEMENT LIMITED
REGISTERED NUMBER: 01306315
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J W Law
Director

Date: 27 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

The directors do not believe there is any doubt as to the future viability of the company in view of the support available to the company  from other group companies. 

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.6

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Improvements to property
-
15%
Fixtures & fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


2.


General information

Mountcurzon Management Limited is a private company limited by shares and is incorporated in England and Wales. The company's principal place of business is Curzonfield House, 42-43 Curzon Street, London.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Freehold property improv'ts
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
3,359
97,409
18,205
118,973



At 31 March 2024

3,359
97,409
18,205
118,973



Depreciation


At 1 April 2023
3,278
96,715
18,205
118,198


Charge for the year on owned assets
12
104
-
116



At 31 March 2024

3,290
96,819
18,205
118,314



Net book value



At 31 March 2024
69
590
-
659



At 31 March 2023
81
694
-
775

Page 6

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,100
420

Amounts owed by group undertakings
126,157
84,211

Prepayments and accrued income
66,750
66,750

195,007
151,381



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
181
181

Less: bank overdrafts
(37,410)
(83,876)

(37,229)
(83,695)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
37,410
83,876

Payments received on account
12,351
12,351

Trade creditors
633
18,549

Amounts owed to group undertakings
87,688
22,500

Other taxation and social security
7,877
8,192

Other creditors
25,115
25,172

Accruals and deferred income
10,550
9,732

181,624
180,372


Page 7

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(149)
(149)



At end of year
(149)
(149)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(149)
(149)

(149)
(149)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



10.


Related party transactions

Tedworth  Square  Estates  Limited,  Mountcurzon  Limited  and  Mountcurzon  Management  Limited  are subsidiaries  of  Mountcurzon  Securities  Limited.  York  House  (Kensington)  Limited  and  York  House (Developments)  Limited  are  subsidiaries  of  Tedworth Square Estates  Limited. Transactions with group companies in the year and amounts outstanding at the year end are set out below: 


2024
2023
£
£

Tedworth Square Estates Limited - fees receivable
-
12,500
Mountcurzon Limited - fees receivable
12,000
56,500
York House (Developments) Limited - fees receivable
-
5,000
York House (Kensington) Limited - fees receivable
39,450
19,000
Tedworth Square Estates Limited - debtor
63,657
84,211
Mountcurzon Limited - creditor
87,688
22,500

Page 8

 
MOUNTCURZON MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Controlling party

At 31 March 2023 and 31 March 2024 the ultimate parent company was Mountcurzon Securities Limited, incorporated in England.  At 31 March 2023 and 31 March 2024 the ultimate control of the company was held by Mr and Mrs J W Law. 

 
Page 9