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REGISTERED NUMBER: 09196262 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Mouse Properties Ltd

Mouse Properties Ltd (Registered number: 09196262)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mouse Properties Ltd

Company Information
for the Year Ended 31 August 2024







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 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,634 -
Investment property 5 1,500,000 1,500,000
1,501,634 1,500,000

CURRENT ASSETS
Stocks - 1,334,504
Debtors 6 112,861 89,568
Cash at bank 20,923 4,531
133,784 1,428,603
CREDITORS
Amounts falling due within one year 7 16,283 342,009
NET CURRENT ASSETS 117,501 1,086,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,135

2,586,594

CREDITORS
Amounts falling due after more than
one year

8

(906,029

)

(1,827,866

)

PROVISIONS FOR LIABILITIES (127,498 ) (173,301 )
NET ASSETS 585,608 585,427

Mouse Properties Ltd (Registered number: 09196262)

Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 585,508 585,327
SHAREHOLDERS' FUNDS 585,608 585,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 23 May 2025 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 2024

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance

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.


Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,669
At 31 August 2024 1,669
DEPRECIATION
Charge for year 35
At 31 August 2024 35
NET BOOK VALUE
At 31 August 2024 1,634

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,500,000
NET BOOK VALUE
At 31 August 2024 1,500,000
At 31 August 2023 1,500,000

Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 38,226
Other debtors 112,861 51,342
112,861 89,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 11,658 10,714
Trade creditors 3,127 13,570
Taxation and social security - 5,782
Other creditors 1,498 311,943
16,283 342,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 412,145 424,747
Other creditors 493,884 1,403,119
906,029 1,827,866

Mouse Properties Ltd (Registered number: 09196262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 423,803 435,461
Other loans 361,567 1,403,119
785,370 1,838,580

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.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J A Parker.