Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22falsetruefalse 12523511 2023-05-01 2024-04-30 12523511 2022-05-01 2023-04-30 12523511 2024-04-30 12523511 2023-04-30 12523511 c:Director1 2023-05-01 2024-04-30 12523511 d:OfficeEquipment 2023-05-01 2024-04-30 12523511 d:OfficeEquipment 2024-04-30 12523511 d:OfficeEquipment 2023-04-30 12523511 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12523511 d:ComputerEquipment 2023-05-01 2024-04-30 12523511 d:ComputerEquipment 2024-04-30 12523511 d:ComputerEquipment 2023-04-30 12523511 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12523511 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12523511 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 12523511 d:FreeholdInvestmentProperty 2024-04-30 12523511 d:FreeholdInvestmentProperty 2023-04-30 12523511 d:CurrentFinancialInstruments 2024-04-30 12523511 d:CurrentFinancialInstruments 2023-04-30 12523511 d:Non-currentFinancialInstruments 2024-04-30 12523511 d:Non-currentFinancialInstruments 2023-04-30 12523511 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12523511 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12523511 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 12523511 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 12523511 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 12523511 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 12523511 d:ShareCapital 2024-04-30 12523511 d:ShareCapital 2023-04-30 12523511 d:SharePremium 2024-04-30 12523511 d:SharePremium 2023-04-30 12523511 d:RetainedEarningsAccumulatedLosses 2024-04-30 12523511 d:RetainedEarningsAccumulatedLosses 2023-04-30 12523511 c:OrdinaryShareClass1 2023-05-01 2024-04-30 12523511 c:OrdinaryShareClass1 2024-04-30 12523511 c:OrdinaryShareClass1 2023-04-30 12523511 c:FRS102 2023-05-01 2024-04-30 12523511 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12523511 c:FullAccounts 2023-05-01 2024-04-30 12523511 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12523511 2 2023-05-01 2024-04-30 12523511 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12523511









MOUNT PARK PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MOUNT PARK PARTNERSHIP LIMITED
REGISTERED NUMBER: 12523511

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,325
1,787

Investment property
 5 
8,740,000
9,110,000

  
8,741,325
9,111,787

Current assets
  

Debtors: amounts falling due within one year
 6 
585,534
503,005

Cash at bank and in hand
 7 
13,674
72,022

  
599,208
575,027

Creditors: amounts falling due within one year
 8 
(81,377)
(81,314)

Net current assets
  
 
 
517,831
 
 
493,713

Total assets less current liabilities
  
9,259,156
9,605,500

Creditors: amounts falling due after more than one year
 9 
(4,656,089)
(4,926,608)

  

Net assets
  
4,603,067
4,678,892


Capital and reserves
  

Called up share capital 
 11 
44,183
44,183

Share premium account
  
4,373,105
4,373,105

Profit and loss account
  
185,779
261,604

  
4,603,067
4,678,892

Page 1

 
MOUNT PARK PARTNERSHIP LIMITED
REGISTERED NUMBER: 12523511
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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: 





................................................
M Buhler
Director

Date: 31 January 2025

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

Page 2

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mount Park Partnership Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, Herts WD17 1HP.
The company's principal activity is that of property investment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

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:

 
2.2

Going concern

The directors have reviewed the company’s financial position and its ability to continue as a going concern. In the directors’ assessment the company has sufficient resources to continue operating as a going concern for a period of not less than 12 months.

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Taxation

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.


 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
130
4,436
4,566


Additions
-
959
959


Disposals
-
(249)
(249)



At 30 April 2024

130
5,146
5,276



Depreciation


At 1 May 2023
96
2,682
2,778


Charge for the year on owned assets
34
1,227
1,261


Disposals
-
(88)
(88)



At 30 April 2024

130
3,821
3,951



Net book value



At 30 April 2024
-
1,325
1,325



At 30 April 2023
34
1,753
1,787

Page 6

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
9,110,000


Disposals
(370,000)



At 30 April 2024
8,740,000

The 2024 valuations were made by Directors, on an open market value for existing use basis.



At 30 April 2024




Page 7

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
1,374

Other debtors
584,430
499,380

Prepayments and accrued income
1,104
2,251

585,534
503,005



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,674
72,022

Less: bank overdrafts
-
(754)

13,674
71,268



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
754

Trade creditors
14,495
13,754

Corporation tax
1,364
11,956

Other creditors
62,053
51,910

Accruals and deferred income
3,465
2,940

81,377
81,314



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,656,089
4,926,608

4,656,089
4,926,608


Page 8

 
MOUNT PARK PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
4,656,089
4,926,608

4,656,089
4,926,608

4,656,089
4,926,608



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,418,278 (2023 - 4,418,278) Ordinary shares of £0.01 each
44,183
44,183


 
Page 9