REGISTERED NUMBER: 05041517 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mordam Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C L Adams

A J Morgan

SECRETARY:

Miss C L Adams

REGISTERED OFFICE:

Kimber Lodge

Ryedown Lane

Bitton

Bristol

BS30 6JF

REGISTERED NUMBER:

05041517 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Tangible assets

4

295

393

Investment property

5

2,101,536

2,094,336

2,101,831

2,094,729

CURRENT ASSETS

Stocks

69,149

12,204

Debtors

6

10,758

-

Cash at bank

12,013

41,327

91,920

53,531

CREDITORS

Amounts falling due within one year

7

108,314

82,167

NET CURRENT LIABILITIES

(16,394

)

(28,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,085,437

2,066,093

CREDITORS

Amounts falling due after more than one year

8

(1,081,601

)

(1,081,738

)

PROVISIONS FOR LIABILITIES

(190,165

)

(190,165

)

NET ASSETS

813,671

794,190

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

810,137

810,137

Retained earnings

3,532

(15,949

)

813,671

794,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 November 2025 and were signed on its behalf by:

Miss C L Adams - Director

1.	STATUTORY INFORMATION

Mordam Developments Limited 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.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern

The financial statements have been prepared on a going concern basis which has assumed the continued support of the company's directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

2,659

DEPRECIATION

At 1 April 2024

2,266

Charge for year

98

At 31 March 2025

2,364

NET BOOK VALUE

At 31 March 2025

295

At 31 March 2024

393

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,094,336

Additions

7,200

At 31 March 2025

2,101,536

NET BOOK VALUE

At 31 March 2025

2,101,536

At 31 March 2024

2,094,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

10,758

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

4,593

-

Other creditors

103,721

82,167

108,314

82,167

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,081,601

1,081,738

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

810,137

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

C Adams

2025

2024

Dividends

-

-

Capital introduced

14,463

-

Capital withdrawn

-

33,746

At the year end, the company owed the director £14,830 (2024 - £367).