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
42a Mornington Terrace Limited
Company Information
for the year ended 31 March 2025
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
42a Mornington Terrace Limited
Statement of financial position
as at 31 March 2025
Investment property
530,600
530,600
Cash at bank and in hand
10,264
4,275
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)
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
42a Mornington Terrace Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rental income receivable.
Investment property are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
Fair value at 1 April 2024
530,600
Investment property is recorded at cost.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
515
515
Other creditors
2,130
2,130
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
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).