REGISTERED NUMBER: 07536070 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOLLSAM PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J R Stringer

REGISTERED OFFICE:

1st Floor

Isabella House

12 Union Court

Richmond upon Thames

London

TW9 1AA

REGISTERED NUMBER:

07536070 (England and Wales)

ACCOUNTANTS:

Xeinadin

1st Floor

Isabella House

12 Union Court

Richmond upon Thames

London

TW9 1AA

FIXED ASSETS

Property, plant and equipment

4

5,329

3,969

Investment property

5

1,271,785

1,235,000

1,277,114

1,238,969

CURRENT ASSETS

Cash at bank

1,473

50,764

CREDITORS

Amounts falling due within one year

6

(25,697

)

(11,756

)

NET CURRENT (LIABILITIES)/ASSETS

(24,224

)

39,008

TOTAL ASSETS LESS CURRENT LIABILITIES

1,252,890

1,277,977

PROVISIONS FOR LIABILITIES

7

(115,550

)

(115,550

)

NET ASSETS

1,137,340

1,162,427

CAPITAL AND RESERVES

Called up share capital

678,045

678,045

Fair value reserve

8

464,450

464,450

Retained earnings

8

(5,155

)

19,932

SHAREHOLDERS' FUNDS

1,137,340

1,162,427

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 director acknowledges his 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 director and authorised for issue on 2 December 2025 and were signed by:

Mr J R Stringer - Director

1.	STATUTORY INFORMATION

Mollsam Properties 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 as modified by the revaluation of certain assets.

Turnover

The company's turnover comprises rental income from tenants of its properties and it is recognised on an accruals basis. Rental income received in advance is deferred in the balance sheet and recognised as it is earned.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

10,524

Additions

2,489

At 31 March 2025

13,013

DEPRECIATION

At 1 April 2024

6,555

Charge for year

1,129

At 31 March 2025

7,684

NET BOOK VALUE

At 31 March 2025

5,329

At 31 March 2024

3,969

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,235,000

Additions

36,785

At 31 March 2025

1,271,785

NET BOOK VALUE

At 31 March 2025

1,271,785

At 31 March 2024

1,235,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

220,000

Valuation in 2015

95,000

Valuation in 2016

155,000

Valuation in 2017

65,000

Valuation in 2019

15,000

Valuation in 2020

30,000

Valuation in 2021

655,000

Cost

36,785

1,271,785

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

664

2,861

Other creditors

25,033

8,895

25,697

11,756

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

115,550

115,550

Deferred

tax

£

Balance at 1 April 2024

115,550

Balance at 31 March 2025

115,550

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

19,932

464,450

484,382

Deficit for the year

(25,087

)

(25,087

)

At 31 March 2025

(5,155

)

464,450

459,295

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr J R Stringer

Balance outstanding at start of year

8,419

30,838

Amounts advanced

16,138

-

Amounts repaid

-

(22,419

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,557

8,419

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J R Stringer.