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Registered Number: 10512755
England and Wales

 

 

 

MORTIMER TRADING LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2023.
Director
The director who served the company throughout the year was as follows:
Karisma Patel
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Karisma Patel
Director

Date approved: 15 April 2025
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,695,648    3,682,274 
Investments 4 110,000    110,000 
3,805,648    3,792,274 
Current assets      
Debtors 5 233,926    183,926 
Cash at bank and in hand 44,472    26,021 
278,398    209,947 
Creditors: amount falling due within one year 6 (350,306)   (329,595)
Net current assets (71,908)   (119,648)
 
Total assets less current liabilities 3,733,740    3,672,626 
Creditors: amount falling due after more than one year 7 (3,458,923)   (3,458,923)
Net assets 274,817    213,703 
 

Capital and reserves
     
Called up share capital 8 1    1 
Reserves 9 219,670    219,670 
Profit and loss account 55,146    (5,968)
Shareholders' funds 274,817    213,703 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 15 April 2025 and were signed by:


-------------------------------
Karisma Patel
Director
2
General Information
MORTIMER TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 10512755, registration address 10 Cameron Road, Ground floor Front, Ilford, Seven kings, IG3 8LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2023 3,462,604    3,462,604 
Additions 13,374    13,374 
Disposals  
Revaluations 219,670    219,670 
At 31 December 2023 3,695,648    3,695,648 
Depreciation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 3,695,648    3,695,648 
Opening balance as at 01 January 2023 3,682,274    3,682,274 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 110,000    110,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 110,000    110,000 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 301,557    251,557 
Provision for Doubtful Debts (67,631)   (67,631)
233,926    183,926 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 21,476    4,290 
Corporation Tax 2,775   
PAYE & Social Security 4,218    4,608 
Accrued Expenses 1,140   
Other Creditors 320,697    320,697 
350,306    329,595 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 3,109,814    3,109,814 
Directors' Loan Accounts 349,109    349,109 
3,458,923    3,458,923 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

9.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 177,933    177,933 
Deferred Tax Provided on Revaluation 41,737    41,737 
219,670    219,670 

3