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Company Registration No. 11080061 (England and Wales)
42a Mornington Terrace Limited Unaudited accounts for the year ended 31 March 2025
42a Mornington Terrace Limited Unaudited accounts Contents
Page
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42a Mornington Terrace Limited Company Information for the year ended 31 March 2025
Director
Mr G Dunn
Secretary
Mr G Dunn
Company Number
11080061 (England and Wales)
Registered Office
42 Mornington Terrace London NW1 7RT England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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42a Mornington Terrace Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
530,600 
530,600 
Current assets
Debtors
2,130 
2,130 
Cash at bank and in hand
10,264 
4,275 
12,394 
6,405 
Creditors: amounts falling due within one year
(5,425)
(5,395)
Net current assets
6,969 
1,010 
Total assets less current liabilities
537,569 
531,610 
Creditors: amounts falling due after more than one year
(566,279)
(563,420)
Net liabilities
(28,710)
(31,810)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(28,711)
(31,811)
Shareholders' funds
(28,710)
(31,810)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
Mr G Dunn Director Company Registration No. 11080061
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42a Mornington Terrace Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
42a Mornington Terrace Limited is a private company, limited by shares, registered in England and Wales, registration number 11080061. The registered office is 42 Mornington Terrace, , London, NW1 7RT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rental income receivable.
Investment property
Investment property are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
4
Investment property
2025 
£ 
Fair value at 1 April 2024
530,600 
At 31 March 2025
530,600 
Investment property is recorded at cost.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
2,130 
2,130 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
515 
515 
Other creditors
2,130 
2,130 
Accruals
2,780 
2,750 
5,425 
5,395 
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42a Mornington Terrace Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
247,486 
247,514 
Loans from directors
318,793 
315,906 
566,279 
563,420 
8
Transactions with related parties
There is a loan outstanding to the director of £318,793 (2024: £315,906) at the end of the accounting period. Interest is charged on part of this balance.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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