Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 false false 2024-05-01 No description of principal activity 3 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00648329 2024-05-01 2025-04-30 00648329 2023-05-01 2024-04-30 00648329 2025-04-30 00648329 2024-04-30 00648329 c:Director6 2024-05-01 2025-04-30 00648329 d:FreeholdInvestmentProperty 2025-04-30 00648329 d:FreeholdInvestmentProperty 2024-04-30 00648329 d:CurrentFinancialInstruments 2025-04-30 00648329 d:CurrentFinancialInstruments 2024-04-30 00648329 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 00648329 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00648329 d:ShareCapital 2025-04-30 00648329 d:ShareCapital 2024-04-30 00648329 d:SharePremium 2025-04-30 00648329 d:SharePremium 2024-04-30 00648329 d:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 00648329 d:RetainedEarningsAccumulatedLosses 2025-04-30 00648329 d:RetainedEarningsAccumulatedLosses 2024-04-30 00648329 c:FRS102 2024-05-01 2025-04-30 00648329 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 00648329 c:FullAccounts 2024-05-01 2025-04-30 00648329 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 00648329 d:OtherDeferredTax 2025-04-30 00648329 d:OtherDeferredTax 2024-04-30 00648329 6 2024-05-01 2025-04-30 00648329 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 00648329 MORTIMER STREET PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 APRIL 2025
MORTIMER STREET PROPERTIES LIMITED REGISTERED NUMBER: 00648329 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 98,770 |  | 98,770
Investment property | 6 |  | 750,000 |  | 750,000
|  |  | 848,770 |  | 848,770
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 1,041,100 |  | 1,041,943 |
Bank current accounts |  | 9,591 |  | 51,507 |
|  | 1,050,691 |  | 1,093,450 |
Creditors: amounts falling due within one year | 8 | (1,229,342) |  | (1,208,244) |
Net current liabilities |  |  | (178,651) |  | (114,794)
Total assets less current liabilities |  |  | 670,119 |  | 733,976
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (25,600) |  | (25,600) |
|  |  | (25,600) |  | (25,600)
Net assets |  |  | 644,519 |  | 708,376
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100,000 |  | 100,000
Share premium account | 10 |  | 213,320 |  | 213,320
Profit and loss account | 10 |  | 331,199 |  | 395,056
|  |  | 644,519 |  | 708,376
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MORTIMER STREET PROPERTIES LIMITED REGISTERED NUMBER: 00648329 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2026.
S M Craig
Director
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MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Mortimer Street Properties Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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.
| 2.2 | Functional and presentation currency
The Company's functional and presentational currency is GBP.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental revenue as lessor Investment property are leased to tenants under operating leases. The rental income receivable under these leases is recognised through profit and loss on a straight line basis over the term of the lease. Any rent-free period is spread over the period of the lease. Since the risks and rewards of ownership have not been transferred to the lessee, the assets held under these leases continue to be recognised in the company's financial statements.
| 2.4 | Investment property
Investment property is carried at fair value determined annually as a valuation by its directors, derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 3
MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.7 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Page 4
MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Revaluation of investment property The company carries its investment property at fair value, with changes in fair value being recognised through profit and loss. The valuation technique used is based on an open market value for existing use. The determined fair value of the investment property is most sensitive to the estimated yield as well as the long term vacancy rate. Accruals The company makes an estimate of accruals at the year end based on invoices received after the year end, work undertaken which has not been invoiced based on quotations or estimates of amounts that maybe due for payment.
4. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 May 2024 | 98,770
| At 30 April 2025 | 98,770
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 May 2024 | 750,000
| At 30 April 2025 | 750,000
The directors consider the valuation of the Investment property to be a fair reflection of the current market value.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 500,000 | 500,000
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 1,027,480 | 1,027,480
| Other debtors | 13,620 | 14,199
| Prepayments and accrued income | - | 264
|  | 1,041,100 | 1,041,943
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MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 7.Debtors (continued)
| Amounts owed by group undertakings are interest free and repayable on demand.
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,208,723 | 1,189,262
| Corporation tax | 7,477 | 1,073
| Other taxation and social security | 192 | 195
| Other creditors | 1,530 | 5,278
| Accruals and deferred income | 11,420 | 12,436
|  | 1,229,342 | 1,208,244
| Amounts owed to group undertakings are interest free and repayable on demand.
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 25,600
| At end of year | 25,600
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| On revaluation of investment property | 25,600 | 25,600
|  | 25,600 | 25,600
10. | Reserves
Profit and loss account Included in reserves carried forward are unrealised gains of £250,000 (2024: £250,000) relating to the revaluation of investment property. Deferred tax provided in respect of this gain amounted to £25,600 (2024: £25,600). Accordingly, there are non-distributable reserves of £224,400 (2024: £224,400) included in retained earnings carried forward. Page 7
MORTIMER STREET PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
11. | Related party transactions
| At the reporting date the company owed S M Craig, a director, £nil (2024: £3,579) which is included in other creditors. The balance was provided interest free and is repayable on demand. At the reporting date the company owed G M Gilchrist, a director, £1,530 (2024: £1,699) which is included in other creditors. The balance was provided interest free and is repayable on demand. The company is exempt from disclosing related party transactions with companies that are wholly owned within the group. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.
12. | Controlling party
The immediate parent company is M S Properties Holdings Limited, by virtue of its 100% ownership of the issued share capital of the company and which is the UK parent undertaking. M S Properties Holdings Limited is a company registered at 124 Finchley Road, London, England, NW3 5JS.
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