Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31falseNo description of principal activitytruetruetruetrue2024-01-0100truefalse 11080321 2024-01-01 2024-12-31 11080321 2023-01-01 2023-12-31 11080321 2024-12-31 11080321 2023-12-31 11080321 2023-01-01 11080321 c:Director3 2024-01-01 2024-12-31 11080321 c:Director6 2024-01-01 2024-12-31 11080321 c:Director7 2024-01-01 2024-12-31 11080321 c:RegisteredOffice 2024-01-01 2024-12-31 11080321 d:CurrentFinancialInstruments 2024-12-31 11080321 d:CurrentFinancialInstruments 2023-12-31 11080321 d:Non-currentFinancialInstruments 2024-12-31 11080321 d:Non-currentFinancialInstruments 2023-12-31 11080321 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11080321 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11080321 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11080321 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11080321 d:ShareCapital 2024-01-01 2024-12-31 11080321 d:ShareCapital 2024-12-31 11080321 d:ShareCapital 2023-01-01 2023-12-31 11080321 d:ShareCapital 2023-12-31 11080321 d:ShareCapital 2023-01-01 11080321 d:CapitalRedemptionReserve 2024-01-01 2024-12-31 11080321 d:CapitalRedemptionReserve 2024-12-31 11080321 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 11080321 d:CapitalRedemptionReserve 2023-12-31 11080321 d:CapitalRedemptionReserve 2023-01-01 11080321 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11080321 d:RetainedEarningsAccumulatedLosses 2024-12-31 11080321 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11080321 d:RetainedEarningsAccumulatedLosses 2023-12-31 11080321 d:RetainedEarningsAccumulatedLosses 2023-01-01 11080321 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11080321 c:OrdinaryShareClass1 2024-12-31 11080321 c:OrdinaryShareClass1 2023-12-31 11080321 c:FRS101 2024-01-01 2024-12-31 11080321 c:Audited 2024-01-01 2024-12-31 11080321 c:FullAccounts 2024-01-01 2024-12-31 11080321 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11080321 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11080321










M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
COMPANY INFORMATION


Directors
D C Ebbrell 
T J Pearman 
D J Simmonds 




Registered number
11080321



Registered office
10 Queen Street Place

London

EC4R 1AG




Independent auditors
HaysMac LLP

10 Queen Street Place

London

EC4R 1AG





 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 

CONTENTS



Page
Directors' Report
 
1 - 2
Independent Auditors' Report
 
3 - 6
Statement of Comprehensive Income
 
7
Statement of Financial Position
 
8
Statement of Changes in Equity
 
9
Notes to the Financial Statements
 
10 - 17


 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under Company law the directors 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 of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are 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;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are 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 to enable them to ensure that the financial statements comply with the Companies Act 2006They are 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.

Directors

The directors who served during the year were:

D C Ebbrell 
T J Pearman 
D J Simmonds 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsHaysMac LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 1

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





D J Simmonds
Director

Date: 30 April 2025

Page 2

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 

Opinion


We have audited the financial statements of M7 Real Estate Investment Holdings Finco Ltd (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.


Page 4

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud:
Based on our understanding of the Company and industry, we identified the principal risks of non-compliance with laws and regulations related to regulatory requirements for the company and trade regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and income tax.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates. Audit procedures performed by the engagement team included:
• Considering correspondence with regulators and tax authorities;
• Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
• Evaluating management’s controls designed to prevent and detect irregularities;
• Identifying and testing journals, selecting journals for testing based on our fraud risk assessment; and
• Challenging assumptions and judgements made by management in their critical accounting estimates. This    included but was not limited to investment valuation and debtor recoverability.

 
Page 5

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD (CONTINUED)


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Jessica Edwards (Senior Statutory Auditor)
for and on behalf of
HaysMac LLP
Statutory Auditors
10 Queen Street Place
London
EC4R 1AG

30 April 2025
Page 6

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Administrative expenses
  
(24,365)
(13,750)

Operating loss
  
(24,365)
(13,750)

Intercompany receivables impairment reversal/(charge)
  
1,684,747
(18,415,403)

Amounts written off investments
  
-
(6,230,001)

Interest receivable and similar income
 6 
107,877
21,135

Interest payable and similar expenses
 7 
(882,522)
(793,663)

Profit/(loss) before tax
  
885,737
(25,431,682)

Tax on profit/(loss)
 8 
-
-

Profit/(loss) for the financial year
  
885,737
(25,431,682)

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 10 to 17 form part of these financial statements.

Page 7

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
REGISTERED NUMBER: 11080321

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Investments
 9 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 10 
2,469,626
798,314

Cash at bank and in hand
 11 
226
226

  
2,469,852
798,540

Creditors: amounts falling due within one year
 12 
(1,262,260)
(476,685)

Net current assets
  
 
 
1,207,592
 
 
321,855

Total assets less current liabilities
  
1,207,592
321,855

  

Creditors: amounts falling due after more than one year
 13 
(25,750,943)
(25,750,943)

  

  

Net liabilities
  
(24,543,351)
(25,429,088)


Capital and reserves
  

Called up share capital 
 14 
1
1

Capital contribution
 15 
1
1

Profit and loss account
 15 
(24,543,353)
(25,429,090)

  
(24,543,351)
(25,429,088)


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


D J Simmonds
Director

Date: 30 April 2025

The notes on pages 10 to 17 form part of these financial statements.

Page 8

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Capital contribution
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
1
1
2,592
2,594


Comprehensive income for the year

Loss for the year
-
-
(25,431,682)
(25,431,682)
Total comprehensive loss for the year
-
-
(25,431,682)
(25,431,682)



At 1 January 2024
1
1
(25,429,090)
(25,429,088)


Comprehensive income for the year

Profit for the year
-
-
885,737
885,737
Total comprehensive income for the year
-
-
885,737
885,737


Total transactions with owners
-
-
-
-


At 31 December 2024
1
1
(24,543,353)
(24,543,351)


The notes on pages 10 to 17 form part of these financial statements.

Page 9

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a limited company and is incorporated and domiciled in England and Wales. The address of its registered office is 10 Queen Street Place, London, EC4R 1AG, United Kingdom.
The principal place of trading is 7th Floor, Blue Fin Building, 110 Southwark Street, London, United Kingdom, SE1 0SU.

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 Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of M7 Real Group Holdings Estate Ltd as at 31 December 2024 and these financial statements may be obtained from its registered office at 10 Queen Street Place, London, EC4R 1AG, United Kingdom.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

Page 10

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Going concern

In preparing the financial statements, the Directors have made an assessment of the entity's ability to continue as a going concern.
In making this assessment, they have considered the nature of the Company’s business, its future plans, and the impact of post balance sheet events. They have formed a judgement that there is a reasonable expectation that the Company has adequate resources to continue operating for the foreseeable future. Therefore the going concern basis has been adopted in preparing the financial statements.

  
2.5

Foreign currency

The Company's functional and presentational currency is GBP.

  
2.6

Interest Income

Interest income is recognised in the Statment of Comprehensive Income in the period to which it relates.

  
2.7

Finance costs

Finance costs and interest payable are charged to the Statment of Comprehensive Income in the period to which they relate.

 
2.8

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 reporting date in the countries where the Company operates and generates income.


Page 11

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.9

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:
Financial assets 
The Company classifies all of its financial assets as loan and receiveables. 
Loans and receivables 
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services to customers (e.g. trade receivables), but also incorporate other types of contractual monetary asset.
 
They are initially recognised at fair value plus transaction costs that are directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment. 
Impairment provisions are recognised when there is objective evidence (such as significant financial difficulties on the part of the counterparty or default or significant delay in payment) that the Company will be unable to collect all of the amounts due under the terms receivable, the amount of such a provision being the difference between the net carrying amount and the present value of the future expected cash flows associated with the impaired receivable. For trade receivables, which are reported net, such provisions are recorded in a separate allowance account with the loss being recognised within administrative expenses in the Statement of Comprehensive Income. On confirmation that the trade receivable will not be collected, the gross carrying value of the asset is written off against the associated provision.
Financial liabilities 
The Company classifies all of its financial liabilities as liabilities at amortised cost liabilities. 
At amortised cost 
Financial liabilities at amortised cost including bank borrowings are initially recognised at fair value net of any transaction costs directly attributable to the issue of the instrument. Such interest bearing liabilities are subsequently measured at amortised cost using the effective interest rate method, which ensures that any interest expense over the period to repayment is at a constant rate on the balance of the liability carried into the Statement of Financial Position. 

Page 12

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts recognised in these financial statements. The nature of estimation means that actual outcomes could differ from those estimates. In the opinion of management, the impairment of the Investment in subsidiary undertakings is based on estimates and judgements. Any changes to these estimates and judgements would impact the impairment value and could have a material impact on the financial statements.  


4.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
15,000
11,000

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.


5.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)

6.


Interest receivable

2024
2023
£
£


Interest receivable from group companies
107,877
21,135

107,877
21,135


7.


Interest payable and similar expenses

2024
2023
£
£


Interest payable to group companies
882,522
793,663

882,522
793,663

Page 13

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Taxation


2024
2023
£
£



Total current tax
-
-


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25.00% (2023 - 23.52%). The differences are explained below:

2024
2023
£
£


Profit/(loss) on ordinary activities before tax
885,737
(25,431,682)


Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25.00% (2023 - 23.52%)
221,434
(5,981,532)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
(360,589)
5,796,599

Unrelieved tax losses carried forward
139,155
184,933

Total tax charge for the year
-
-

Page 14

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
6,230,001



At 31 December 2024

6,230,001



Impairment


At 1 January 2024
6,230,001



At 31 December 2024

6,230,001



Net book value



At 31 December 2024
-



At 31 December 2023
-


10.


Debtors

2024
2023
£
£


Amount due from parent
2,469,626
798,314

2,469,626
798,314



11.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
226
226

226
226


Page 15

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
13,200
-

Interest payable on amounts due to parent
1,227,579
452,935

Accruals and deferred income
21,481
23,750

1,262,260
476,685



13.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loan
25,750,943
25,750,943

25,750,943
25,750,943


Other loan is owing to an entity under common control. The loan is repayable on 24 September 2026 and bears interest at 3% per annum. Interest of £774,645 (2023: £772,528) was charged on the balance in the year.


14.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1



15.


Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses.

Capital contribution 
This represents an amount received by the Company that was not a loan and no share capital was issued as the time of contribution receipt.

Page 16

 
M7 REAL ESTATE INVESTMENT HOLDINGS FINCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

16.


Related party transactions

Included as other loan in note 13 is an amount of £25,750,943 (2023: £25,750,943) owing to an entity under common control. The loan is repayable on 24 September 2026 and bears interest at 3% per annum. Interest of £774,645 (2023: £772,528) was charged on the balance in the year. 


17.


Controlling party

The immediate parent of the Company is M7 Real Estate Investment Holdings Limited, a company incorporated in England and Wales.
The largest group preparing consolidated financial statements is headed by Oxford M7 Platform Holding Company Limited, registered at Crestbridge UK Limited, 8 Sackville Street, United Kingdom, W1S 3DG. 
The smallest group preparing consolidated financial statements is headed by M7 Real Estate Group Holdings Ltd, registered at 10 Queen Street Place, London, EC4R 1AG.
The ultimate parent company is Oxford European Holdings Inc., a company incorporated in Canada.
The ultimate controlling party is OMERS Administration Corporation, a pension fund registered in Canada.

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