Company registration number 06232933 (England and Wales)
P D Mortimer Developments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Pages For Filing With Registrar
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
27,797
35,331
Current assets
Stocks
402,942
442,878
Debtors
4
838
3,020
Cash at bank and in hand
9,526
16,420
413,306
462,318
Creditors: amounts falling due within one year
5
(419,331)
(377,088)
Net current (liabilities)/assets
(6,025)
85,230
Total assets less current liabilities
21,772
120,561
Creditors: amounts falling due after more than one year
6
(26,131)
(106,501)
Provisions for liabilities
(5,300)
(6,700)
Net (liabilities)/assets
(9,659)
7,360
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
7
(10,659)
6,360
Total equity
(9,659)
7,360
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 November 2025 and are signed on its behalf by:
Mr P D Mortimer
Director
Company registration number 06232933 (England and Wales)
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

P D Mortimer Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Plantation Farm, Common Lane, High Catton, York, YO41 1EW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Despite the losses incurred in the year and the insolvent balance sheet the company continues to be supported by the directors'. Liabilities will be settled as and when they fall due. Therefore, at the time of approving the financial statements the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors' continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received for properties sold in the normal course of business, and is shown gross of VAT and other sales related taxes.

Revenue from the sale of properties is recognised when the significant risks and rewards of ownership of the property have passed to the buyer (usually on contract completion), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line
Fixtures, fittings and equipment
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Work in progress

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

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 February 2024
61,922
Additions
5,816
Disposals
(1,480)
At 28 February 2025
66,258
Depreciation and impairment
At 29 February 2024
26,591
Depreciation charged in the year
13,350
Eliminated in respect of disposals
(1,480)
At 28 February 2025
38,461
Carrying amount
At 28 February 2025
27,797
At 28 February 2024
35,331
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
838
3,020
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,370
5,234
Taxation and social security
8,784
2,985
Other creditors
405,177
368,869
419,331
377,088

Bank loans of £5,370 (2024 - £5,234) are secured by the UK Government under the Coronavirus Bounce Back Loan Scheme.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
26,131
106,501
P D MORTIMER DEVELOPMENTS LIMITED
P D Mortimer Developments Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
6
Creditors: amounts falling due after more than one year
(Continued)
- 7 -

Bank loans of £26,131 (2024 - £31,501) are secured by the UK Government under the Coronavirus Bounce Back Loan Scheme.

7
Profit and loss reserves

The balance sheet is negative at 28 February 2025, and the company has paid dividends which are not in accordance with the Companies Act. The directors are aware that the dividends are potentially repayable in the event of the company winding up. However the directors believe that the company will return to a profitable position post year end.

2025-02-28 2024-02-29 false false false 17 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr P D Mortimer Mrs J Mortimer Mrs J Mortimer 06232933 2024-02-29 2025-02-28 06232933 2025-02-28 06232933 2024-02-28 06232933 core:OtherPropertyPlantEquipment 2025-02-28 06232933 core:OtherPropertyPlantEquipment 2024-02-28 06232933 core:WithinOneYear 2025-02-28 06232933 core:WithinOneYear 2024-02-28 06232933 core:AfterOneYear 2025-02-28 06232933 core:AfterOneYear 2024-02-28 06232933 core:CurrentFinancialInstruments 2025-02-28 06232933 core:CurrentFinancialInstruments 2024-02-28 06232933 core:ShareCapital 2025-02-28 06232933 core:ShareCapital 2024-02-28 06232933 core:RetainedEarningsAccumulatedLosses 2025-02-28 06232933 core:RetainedEarningsAccumulatedLosses 2024-02-28 06232933 bus:Director1 2024-02-29 2025-02-28 06232933 core:PlantMachinery 2024-02-29 2025-02-28 06232933 core:FurnitureFittings 2024-02-29 2025-02-28 06232933 core:MotorVehicles 2024-02-29 2025-02-28 06232933 2023-03-01 2024-02-28 06232933 core:OtherPropertyPlantEquipment 2024-02-28 06232933 core:OtherPropertyPlantEquipment 2024-02-29 2025-02-28 06232933 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 06232933 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 06232933 core:Non-currentFinancialInstruments 2025-02-28 06232933 core:Non-currentFinancialInstruments 2024-02-28 06232933 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 06232933 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 06232933 bus:FRS102 2024-02-29 2025-02-28 06232933 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 06232933 bus:Director2 2024-02-29 2025-02-28 06232933 bus:CompanySecretary1 2024-02-29 2025-02-28 06232933 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP