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Registered Number: 10512755
England and Wales

 

 

 

MORTIMER TRADING LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,695,648    3,695,648 
Investments 4 110,000    110,000 
3,805,648    3,805,648 
Current assets      
Debtors 5 287,103    233,926 
Cash at bank and in hand 31,037    44,472 
318,140    278,398 
Creditors: amount falling due within one year 6 (321,707)   (350,306)
Net current assets (3,567)   (71,908)
 
Total assets less current liabilities 3,802,081    3,733,740 
Creditors: amount falling due after more than one year 7 (3,458,923)   (3,458,923)
Net assets 343,158    274,817 
 

Capital and reserves
     
Called up share capital 8 1    1 
Revaluation Reserves 9 219,670    219,670 
Profit and loss account 123,487    55,146 
Shareholders' funds 343,158    274,817 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 28 September 2025 and were signed by:


-------------------------------
Karisma Patel
Director
1
General Information
MORTIMER TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 10512755, registration address 10 Cameron Road, Seven Kings, Ilford, Greater London, IG3 8LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2024 3,462,604    3,462,604 
Additions 13,374    13,374 
Disposals  
Revaluations 219,670    219,670 
At 31 December 2024 3,695,648    3,695,648 
Depreciation
At 01 January 2024  
Charge for year  
On disposals  
At 31 December 2024  
Net book values
Closing balance as at 31 December 2024 3,695,648    3,695,648 
Opening balance as at 01 January 2024 3,695,648    3,695,648 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 110,000    110,000 
Additions  
Disposals  
At 31 December 2024 110,000    110,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 354,734    301,557 
Provision for Doubtful Debts (67,631)   (67,631)
287,103    233,926 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 21,476    21,476 
Corporation Tax 19,086    2,775 
PAYE & Social Security 4,218    4,218 
Accrued Expenses 2,280    1,140 
Other Creditors 274,647    320,697 
321,707    350,306 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 3,109,814    3,109,814 
Directors' Loan Accounts 349,109    349,109 
3,458,923    3,458,923 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

9.

Revaluation Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 177,933    177,933 
Deferred Tax Provided on Revaluation 41,737    41,737 
219,670    219,670 

2