Mitford Lodge Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Mitford Lodge Limited For The Year Ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mitford Lodge Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Mitford Lodge Limited , as a body, in accordance with the terms of our engagement letter dated 05 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Mitford Lodge Limited and state those matters that we have agreed to state to the director of Mitford Lodge Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mitford Lodge Limited and its director as a body for our work or for this report.

It is your duty to ensure that Mitford Lodge Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mitford Lodge Limited . You consider that Mitford Lodge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mitford Lodge Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

30 September 2025

UK Property Accountants

Chartered Certified Accountants

Salisbury House

29 Finsbury Circus

EC2M 7AQ

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Mitford Lodge Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 12645471

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,100,000		2,100,000

			2,100,000		2,100,000
CURRENT ASSETS
Debtors	5	2,652		232
Cash at bank and in hand		25,445		20,789

		28,097		21,021
Creditors: Amounts Falling Due Within One Year	6	(1,392,510 )		(1,482,760 )

NET CURRENT ASSETS (LIABILITIES)			(1,364,413 )		(1,461,739 )

TOTAL ASSETS LESS CURRENT LIABILITIES			735,587		638,261

PROVISIONS FOR LIABILITIES
Deferred Taxation			(89,069 )		(89,069 )

NET ASSETS			646,518		549,192

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			646,517		549,191

SHAREHOLDERS' FUNDS			646,518		549,192

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Mitford Lodge Limited

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 member has 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.

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

William Harrison Bainbridge

Director

30 September 2025

The notes on pages 4 to 6 form part of these financial statements.

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Mitford Lodge Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Mitford Lodge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12645471 . The registered office is 809 Salisbury House, 29 Finsbury Circus,, London, United Kingdom, EC2M 7AQ.

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. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

2.4. 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.

...CONTINUED

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Mitford Lodge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation - continued

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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2023: 1)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 January 2024	2,100,000

As at 31 December 2024	2,100,000

Net Book Value
As at 31 December 2024	2,100,000

As at 1 January 2024	2,100,000

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	2,305	232
Other debtors	347	-

	2,652	232

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Mitford Lodge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	2,389	-
Other creditors	-	288
Accruals and deferred income	2,693	5,044
Amounts owed to group undertakings	1,387,428	1,477,428

	1,392,510	1,482,760

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

Included in creditors due within one year is an amount of £1,387,428 (2023: £1,477,428 ) owed to the group undertaking. The amount is interest free and repayable on demand.

The secured loan obtained by its parent company has been partly secured against the investment property owned by the company.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is Hawthorn Property Syndicate Ltd . Hawthorn Property Syndicate Ltd was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House 29 Finsbury Circus, London, United Kingdom, EC2M 7AQ .

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