Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3132024-01-01trueThe principal activity of the company is that of property development, investment and consultancy.4truetruefalse 11456555 2024-01-01 2024-12-31 11456555 2023-01-01 2023-12-31 11456555 2024-12-31 11456555 2023-12-31 11456555 2023-01-01 11456555 2 2024-01-01 2024-12-31 11456555 2 2023-01-01 2023-12-31 11456555 3 2024-01-01 2024-12-31 11456555 3 2023-01-01 2023-12-31 11456555 d:Director1 2024-01-01 2024-12-31 11456555 e:PlantMachinery 2024-01-01 2024-12-31 11456555 e:PlantMachinery 2024-12-31 11456555 e:PlantMachinery 2023-12-31 11456555 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11456555 e:FreeholdInvestmentProperty 2024-12-31 11456555 e:FreeholdInvestmentProperty 2023-12-31 11456555 e:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 11456555 e:CurrentFinancialInstruments 2024-12-31 11456555 e:CurrentFinancialInstruments 2023-12-31 11456555 e:Non-currentFinancialInstruments 2024-12-31 11456555 e:Non-currentFinancialInstruments 2023-12-31 11456555 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 11456555 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 11456555 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 11456555 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 11456555 e:ShareCapital 2024-12-31 11456555 e:ShareCapital 2023-12-31 11456555 e:ShareCapital 2023-01-01 11456555 e:OtherMiscellaneousReserve 2024-01-01 2024-12-31 11456555 e:OtherMiscellaneousReserve 2024-12-31 11456555 e:OtherMiscellaneousReserve 2 2024-01-01 2024-12-31 11456555 e:OtherMiscellaneousReserve 3 2024-01-01 2024-12-31 11456555 e:OtherMiscellaneousReserve 2023-12-31 11456555 e:OtherMiscellaneousReserve 2023-01-01 11456555 e:OtherMiscellaneousReserve 2 2023-01-01 2023-12-31 11456555 e:OtherMiscellaneousReserve 3 2023-01-01 2023-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2024-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2 2024-01-01 2024-12-31 11456555 e:RetainedEarningsAccumulatedLosses 3 2024-01-01 2024-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2023-12-31 11456555 e:RetainedEarningsAccumulatedLosses 2023-01-01 11456555 e:RetainedEarningsAccumulatedLosses 2 2023-01-01 2023-12-31 11456555 e:RetainedEarningsAccumulatedLosses 3 2023-01-01 2023-12-31 11456555 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 11456555 e:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11456555 d:EntityHasNeverTraded 2024-01-01 2024-12-31 11456555 d:FRS102 2024-01-01 2024-12-31 11456555 d:Audited 2024-01-01 2024-12-31 11456555 d:FullAccounts 2024-01-01 2024-12-31 11456555 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11456555 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11456555 e:ShareCapital 2 2024-01-01 2024-12-31 11456555 e:ShareCapital 3 2024-01-01 2024-12-31 11456555 e:ShareCapital 2 2023-01-01 2023-12-31 11456555 e:ShareCapital 3 2023-01-01 2023-12-31 11456555 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11456555










MILL COURT PROPERTY SERVICES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MILL COURT PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 11456555

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
3,878
5,865

Investment property
 4 
7,540,000
7,080,000

  
7,543,878
7,085,865

Current assets
  

Debtors: amounts falling due within one year
 5 
52,412
43,476

Bank and cash balances
  
84,742
34,894

  
137,154
78,370

Creditors: amounts falling due within one year
 6 
(132,486)
(136,243)

Net current assets/(liabilities)
  
 
 
4,668
 
 
(57,873)

Total assets less current liabilities
  
7,548,546
7,027,992

Creditors: amounts falling due after more than one year
 7 
(7,058,183)
(7,048,183)

Provisions for liabilities
  

Deferred tax
 8 
(93,681)
(25,424)

  
 
 
(93,681)
 
 
(25,424)

Net assets/(liabilities)
  
396,682
(45,615)


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 9 
(93,432)
(485,175)

Profit and loss account
 9 
490,113
439,559

  
396,682
(45,615)


Page 1

 
MILL COURT PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 11456555
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2025.




T W Brown FCCA CTA FCG FAIA
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
MILL COURT PROPERTY SERVICES LIMITED
 

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


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
1
(358,666)
248,306
(110,359)


Comprehensive income for the year

Profit for the year
-
-
64,744
64,744

Fair value movement on investment property
-
(101,085)
101,085
-

Deferred tax on fair value movement
-
(25,424)
25,424
-



At 1 January 2024
1
(485,175)
439,559
(45,615)


Comprehensive income for the year

Profit for the year
-
-
442,297
442,297

Fair value movement on investment property
-
460,000
(460,000)
-

Deferred tax on fair value movement
-
(68,257)
68,257
-


At 31 December 2024
1
(93,432)
490,113
396,682


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the company director and shareholder have confirmed they will continue to provide funds for the company to meet its laibilities as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes
Page 5

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 6

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 January 2024
11,317



At 31 December 2024

11,317



Depreciation


At 1 January 2024
5,452


Charge for the year on owned assets
1,987



At 31 December 2024

7,439



Net book value



At 31 December 2024
3,878



At 31 December 2023
5,865

Page 7

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
7,080,000


Surplus on revaluation
460,000



At 31 December 2024
7,540,000

The 2024 valuations were made by the directors and Savills, on an open market value for existing use basis.






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
7,539,751
7,539,751


5.


Debtors

2024
2023
£
£


Trade debtors
30,336
27,239

Other debtors
22,076
16,237

52,412
43,476


Page 8

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
57,693
16,096

Corporation tax
17,505
55,472

Other creditors
24,900
17,267

Accruals and deferred income
32,388
47,408

132,486
136,243



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
7,058,183
7,048,183



8.


Deferred taxation




2024
2023


£

£






At beginning of year
25,424
-


Charged to profit or loss
68,257
25,424



At end of year
93,681
25,424

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value adjustments in Investment property
93,681
25,424

Page 9

 
MILL COURT PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Reserves

Other reserves

This comprises the accumulated movements in the fair value of investment property and the associated deferred tax provision.

Profit and loss account

This comprises of accumulated profits available for distribution.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 31 July 2025 by David Pumfrey (FCA) (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 10