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Registered number: 09926656
Mousle Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Mousle Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Mousle Properties Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 09926656

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 10,453
Investment Properties | 5 |  | 1,740,000 |  | 1,900,000
|  |  | 1,740,000 |  | 1,910,453
CURRENT ASSETS
Debtors | 6 | 81,858 |  | 62,189 |
Cash at bank and in hand |  | - |  | 1,000 |
|  | 81,858 |  | 63,189 |
Creditors: Amounts Falling Due Within One Year | 7 | (344,163 ) |  | (297,162 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (262,305 ) |  | (233,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,477,695 |  | 1,676,480
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,262,622 ) |  | (1,266,732 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (102,603 ) |  | (147,366 )
NET ASSETS |  |  | 112,470 |  | 262,382
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Fair value reserve | 11 |  | 337,516 |  | 463,965
Profit and Loss Account |  |  | (225,146 ) |  | (201,683 )
SHAREHOLDERS' FUNDS |  |  | 112,470 |  | 262,382

Page 1
Page 2
Mousle Properties Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Alexandra Pattison-Appleton Director
16 September 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Mousle Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Mousle Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09926656 . The registered office is 41 Millbrook Street, Hereford, Herefordshire, HR4 9LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors confirm their continued support over the next 12 months.
2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Straight Line
Computer Equipment | 25% Straight Line

2.5. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
Page 3
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Mousle Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and there after at fair value with changes recognised in profit or loss.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
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Mousle Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 January 2024 | 21,856 | 500 | 22,356
Disposals | (712 ) | - | (712 )
As at 31 December 2024 | 21,144 | 500 | 21,644
Depreciation
As at 1 January 2024 | 11,445 | 458 | 11,903
Provided during the period | 10,093 | 42 | 10,135
Disposals | (394 ) | - | (394 )
As at 31 December 2024 | 21,144 | 500 | 21,644
Net Book Value
As at 31 December 2024 | - | - | -
As at 1 January 2024 | 10,411 | 42 | 10,453

5. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 | 1,900,000
Additions | 8,599
Revaluations | (168,599)
As at 31 December 2024 | 1,740,000

The directors have valued investment properties at the market value as at 31 December 2024, in some cases supported by Chartered Surveyors valuation within the accounting year.
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 716
Prepayments and accrued income | 1,800 |  | -
Amounts owed by related parties | 80,058 |  | 61,473
| 81,858 |  | 62,189

Page 5
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Mousle Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 10,384 |  | 303
Bank loans and overdrafts | 7,863 |  | 6,599
Other loans | 232,633 |  | 211,606
Other taxes and social security | 600 |  | 1,200
Other creditors | 7,929 |  | 8,695
Accruals and deferred income | 6,683 |  | 1,710
Directors' loan accounts | 848 |  | 204
Amounts owed to group undertakings | 18,684 |  | 16,684
Amounts owed to related parties | 58,539 |  | 50,161
| 344,163 |  | 297,162

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,155,622 |  | 1,159,732
Other loans | 107,000 |  | 107,000
| 1,262,622 |  | 1,266,732

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 793,402 |  | 797,512

9. Secured Creditors
Of the creditors the following amounts are secured by way of a Fixed and Floating Charge on property owned by the company.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 1,137,470 |  | 1,137,470

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 6
Page 7
Mousle Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 January 2024 | 463,965
Transfer to profit and loss | (126,449 )
As at 31 December 2024 | 337,516

12. Post Balance Sheet Events
After the year end one of the Investment Properties was sold to a group company and leased back.
Page 7