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Registration number: 04586416

Mocrown Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Mocrown Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Mocrown Properties Limited

Company Information

Directors | N. A. Mousley P. S. Mousley A. Mousley A. B. Mousley

Registered office | Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Accountants | Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Mocrown Properties Limited

(Registration number: 04586416)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 650,000 | 495,000
Current assets |  |  |
Debtors | 5 | 6,431 | 4,588
Cash at bank and in hand |  | 8,249 | 18,104
|  | 14,680 | 22,692
Creditors: Amounts falling due within one year | 6 | (22,562) | (44,388)
Net current liabilities |  | (7,882) | (21,696)
Total assets less current liabilities |  | 642,118 | 473,304
Provisions for liabilities |  | (50,953) | (8,000)
Net assets |  | 591,165 | 465,304
Capital and reserves |  |  |
Called up share capital | 7 | 96 | 96
Revaluation reserve |  | 309,004 | 196,957
Retained earnings |  | 282,065 | 268,251
Shareholders' funds |  | 591,165 | 465,304

Mocrown Properties Limited

(Registration number: 04586416)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2025 and signed on its behalf by:

......................................... N. A. Mousley Director

Mocrown Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 24 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the lease of the investment property in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Mocrown Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current and defered tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Mocrown Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Investment properties

| £
At 1 February 2024 | 495,000
Fair value adjustments | 155,000
At 31 January 2025 | 650,000

The latest valuation of the investment property was carried out on an open market value basis as at 15 November 2024 by APB Leicester LLP, Chartered Surveyors.
The directors are of the opinion that the valuation of the investment property as at the balance sheet date is not materially different from the above valuation.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 6,431 | 4,588

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 5,832 | 5,184
Amounts owed to an associated company | 8 | 2,261 | 30,335
Taxation and social security |  | 11,967 | 7,185
Accruals and deferred income |  | 2,502 | 1,684
|  | 22,562 | 44,388

Mocrown Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 96 | 96 | 96 | 96

8 | Related party transactions

Summary of transactions with other related parties

The company has received rent of £71,250 (2024 - £60,000) from an associated company.
At 31 January 2025 the company owed £2,261 (2024 - £30,335) to this associated company.