Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false 2024-01-01 No description of principal activity 2 2 false true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14198153 2024-01-01 2024-12-31 14198153 2023-01-01 2023-12-31 14198153 2024-12-31 14198153 2023-12-31 14198153 c:Director2 2024-01-01 2024-12-31 14198153 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 14198153 d:FreeholdInvestmentProperty 2024-12-31 14198153 d:FreeholdInvestmentProperty 2023-12-31 14198153 d:CurrentFinancialInstruments 2024-12-31 14198153 d:CurrentFinancialInstruments 2023-12-31 14198153 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14198153 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14198153 d:ShareCapital 2024-12-31 14198153 d:ShareCapital 2023-12-31 14198153 d:RevaluationReserve 2024-12-31 14198153 d:RevaluationReserve 2023-12-31 14198153 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 14198153 d:RetainedEarningsAccumulatedLosses 2024-12-31 14198153 d:RetainedEarningsAccumulatedLosses 2023-12-31 14198153 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14198153 c:OrdinaryShareClass1 2024-12-31 14198153 c:OrdinaryShareClass1 2023-12-31 14198153 c:FRS102 2024-01-01 2024-12-31 14198153 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14198153 c:FullAccounts 2024-01-01 2024-12-31 14198153 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14198153 5 2024-01-01 2024-12-31 14198153 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14198153 MCP 3 LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
MCP 3 LIMITED REGISTERED NUMBER: 14198153 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | - |  | 10,900,000
|  |  | - |  | 10,900,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 83,508 |  | 20,442 |
Cash at bank and in hand | 6 | 21,573 |  | 22,573 |
|  | 105,081 |  | 43,015 |
Creditors: amounts falling due within one year | 7 | (17,125) |  | (9,897,356) |
Net current assets/(liabilities) |  |  | 87,956 |  | (9,854,341)
Total assets less current liabilities |  |  | 87,956 |  | 1,045,659
Provisions for liabilities |  |  |  |  |
Deferred tax |  | - |  | (375,000) |
|  |  | - |  | (375,000)
Net assets |  |  | 87,956 |  | 670,659
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Other reserves | 9 |  | - |  | 1,450,000
Profit and loss account | 9 |  | 87,955 |  | (779,342)
|  |  | 87,956 |  | 670,659
Page 1
MCP 3 LIMITED REGISTERED NUMBER: 14198153 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 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 statement of comprehensive income 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 by:
M O Freed
Director
Date: 2 October 2025
The notes on pages 3 to 8 form part of these financial statements. Page 2
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
MCP 3 Limited is a private company limited by shares and incorporated in England & Wales (registered number 14198153). The registered office is 7 Whiteladies Road, Bristol, England, BS8 1NN. The financial statements are presented in Sterling, which is the functional currency of the company. 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. The following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | Current and deferred 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.5 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses 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. Page 4
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
Page 5
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Investment property
|  | Freehold investment property
|  | £
| At 1 January 2024 | 10,900,000
| Disposals | (10,900,000)
| At 31 December 2024 | -
The 2024 valuations were made by external valuers, 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 | - | 9,400,000
|  | - | 9,400,000
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | - | 366
| Amounts owed by group undertakings | 80,000 | 5,000
| Called up share capital not paid | 1 | 1
| Prepayments and accrued income | 3,507 | 15,075
|  | 83,508 | 20,442
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 21,573 | 22,573
|  | 21,573 | 22,573
Page 6
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 15,000 | -
| Amounts owed to group undertakings | - | 8,694,899
| Accruals and deferred income | 2,125 | 1,202,457
|  | 17,125 | 9,897,356
Page 7
MCP 3 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and partly paid |  |
|  | 1 (2023 - 1) Ordinary share of £1.00 | 1 | 1
| On incorporation, 1 Ordinary share of £1.00 each was issued at par.
9. | Reserves
Other reserves Other reserves comprises the cumulative fair value revaluation gains/(losses) on the investment properties, net of any accumulated associated deferred tax credit/(cost).
10. | Controlling party
The ultimate controlling party is Merchant City Holdings Limited.
Page 8