Molarcare Residential Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12724968

Molarcare Residential Property Limited

Unaudited financial statements

31 March 2025

Molarcare Residential Property Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		937,504		937,504

Current assets

Debtors	6	27,008	1,218,622
Cash at bank and in hand		2,813	11,576
		-------	-----------
		29,821	1,230,198

Creditors: Amounts falling due within one year	7	( 590,749)		( 2,234,814)
		---------		-----------
Net current liabilities			( 560,928)		( 1,004,616)
			---------		-----------
Total assets less current liabilities			376,576		( 67,112)

Creditors: Amounts falling due after more than one year	8	( 499,604)	–
		---------	-------
Net liabilities		( 123,028)	( 67,112)
		---------	-------

Capital and reserves

Called up share capital		100	100
Profit and loss account	9	( 123,128)	( 67,212)
		---------	-------
Shareholders deficit		( 123,028)	( 67,112)
		---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Mr A Patel
Director

Company registration number: 12724968

Molarcare Residential Property Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without ndue cost of effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurebale on an on-going basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

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

5. Tangible assets

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	937,504
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	937,504
	---------
At 31 March 2024	937,504
	---------

The director deems the carrying value of the investment property to be fair market value as at 31 March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 March 2025
Aggregate cost	919,997
Aggregate depreciation	–
	---------
Carrying value	919,997
	---------

At 31 March 2024
Aggregate cost	919,997
Aggregate depreciation	–
	---------
Carrying value	919,997
	---------

6. Debtors

	2025	2024
	£	£
Other debtors	27,008	1,218,622
	-------	-----------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	20,314	1,880
Other creditors	570,435	2,232,934
	---------	-----------
	590,749	2,234,814
	---------	-----------

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	499,604	–
	---------	----

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses. Within this reserve are cumulative unrealised gains on the company's freehold investment properties shown at market value of £17,507 (2024: £17,507).

10. Director's advances, credits and guarantees

During the year, the company operated a loan account with the director. At the year end the director owed the company £11,339 (2024: £1,216,921). The loan account is charged interest at HM Revenue & Customs approved rate.

11. Related party transactions

Molarcare Limited is a related party due to common ownership. At the year-end Molarcare Limited is owed £554,307 from Molarcare Residential Property Limited . In the 2024 financial year, Molarcare Limited was owed £2,224,025 from Molarcare Residential Property Limited . Molarcare Commercial Property Limited is a related party due to common ownership. At the year-end Molarcare Commercial Property Limited is owed £13,861 from Molarcare Residential Property Limited . In the 2024 financial year, Molarcare Commercial Property Limited was owed £6,810 from Molarcare Residential Property Limited .