Registered number
03901001
Mordecai Limited
Filleted Accounts
31 March 2025
Cross & Bowen
Chartered Certified Accountants
Riverside House
Normandy Road
Swansea
SA1 2JA
Mordecai Limited
Registered number: 03901001
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 556,331 556,331
Investments 4 55,817 55,817
612,148 612,148
Current assets
Debtors 5 - 300
Cash at bank and in hand 130,184 111,450
130,184 111,750
Creditors: amounts falling due within one year 6 (5,650) (3,835)
Net current assets 124,534 107,915
Total assets less current liabilities 736,682 720,063
Provisions for liabilities (37,361) (37,361)
Net assets 699,321 682,702
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 7 159,277 159,277
Profit and loss account 539,044 522,425
Shareholders' funds 699,321 682,702
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. D.A. Giladi
Director
Approved by the board on 23 June 2025
Mordecai Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of a residential investment property. Turnover from the letting of the residential investment property is recognised on a receipts basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 556,330 480 556,810
At 31 March 2025 556,330 480 556,810
Depreciation
At 1 April 2024 - 479 479
At 31 March 2025 - 479 479
Net book value
At 31 March 2025 556,330 1 556,331
At 31 March 2024 556,330 1 556,331
4 Investments
Other
investments
£
Cost
At 1 April 2024 55,817
At 31 March 2025 55,817
5 Debtors 2025 2024
£ £
Other debtors - 300
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 3,959 2,233
Other creditors 1,691 1,602
5,650 3,835
7 Revaluation reserve 2025 2024
£ £
At 1 April 2024 159,277 159,277
At 31 March 2025 159,277 159,277
8 Other information
Mordecai Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
4 Rembrandt Court
Sketty
Swansea
SA2 9FG
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