REGISTERED NUMBER: 08518636 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mortimer RE Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Aitchison

H Aitchison

Mrs L E Winterburn

REGISTERED OFFICE:

5th Floor

167-169 Great Portland Street

London

W1W 5PF

REGISTERED NUMBER:

08518636 (England and Wales)

ACCOUNTANTS:

Maximus Accountancy Services Limited

47 Kensington Road

Chichester

West Sussex

PO19 7XS

FIXED ASSETS

Tangible assets

4

2,343

24,322

Investments

5

30

30

2,373

24,352

CURRENT ASSETS

Debtors

6

332,901

124,080

Investments

7

407,113

-

Cash at bank

542,108

2,755,994

1,282,122

2,880,074

CREDITORS

Amounts falling due within one year

8

81,265

1,217,493

NET CURRENT ASSETS

1,200,857

1,662,581

TOTAL ASSETS LESS CURRENT LIABILITIES

1,203,230

1,686,933

PROVISIONS FOR LIABILITIES

600

4,700

NET ASSETS

1,202,630

1,682,233

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,202,530

1,682,133

SHAREHOLDERS' FUNDS

1,202,630

1,682,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J D Aitchison - Director

1.	STATUTORY INFORMATION

Mortimer RE Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

50,588

Additions

11,332

Disposals

(47,618

)

At 31 December 2024

14,302

DEPRECIATION

At 1 January 2024

26,266

Charge for year

3,257

Eliminated on disposal

(17,564

)

At 31 December 2024

11,959

NET BOOK VALUE

At 31 December 2024

2,343

At 31 December 2023

24,322

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

30

NET BOOK VALUE

At 31 December 2024

30

At 31 December 2023

30

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

18,000

-

Amounts owed by group undertakings

172,064

109

Other debtors

142,837

123,971

332,901

124,080

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Listed investments

393,500

-

Cash balances held by investment manager

13,613

-

407,113

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,530

508,646

Taxation and social security

48,144

502,770

Other creditors

25,591

206,077

81,265

1,217,493

Other creditors in the prior year includes £200,000 in respect of 200,000 preference shares of £1 each which were entitled to a fixed cumulative dividend of 4% per annum. The preference shares were redeemed at par during the year.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

During the year the company incurred expenditure of £66,955 on behalf of its parent company, Mortimer RE Holdings Limited. This amount is included in other debtors at the balance sheet date.

During the year the company loaned £105,000 to its subsidiary company, Aitchison Developments (Totton) Limited. This amount is included in other debtors at the balance sheet date.

11.	POST BALANCE SHEET EVENTS

Subsequent to the year end the company has loaned £254,525 to its parent company, Mortimer RE Holdings Limited, in connection with the purchase of the company's shares.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mortimer RE Holdings Limited.