Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 1 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-07-01 false Property rental 1 true true false 12697130 2024-07-01 2025-06-30 12697130 2023-07-01 2024-06-30 12697130 2025-06-30 12697130 2024-06-30 12697130 c:CompanySecretary1 2024-07-01 2025-06-30 12697130 c:Director1 2024-07-01 2025-06-30 12697130 c:RegisteredOffice 2024-07-01 2025-06-30 12697130 d:FreeholdInvestmentProperty 2025-06-30 12697130 d:FreeholdInvestmentProperty 2024-06-30 12697130 d:CurrentFinancialInstruments 2025-06-30 12697130 d:CurrentFinancialInstruments 2024-06-30 12697130 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 12697130 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12697130 d:ShareCapital 2025-06-30 12697130 d:ShareCapital 2024-06-30 12697130 d:RetainedEarningsAccumulatedLosses 2025-06-30 12697130 d:RetainedEarningsAccumulatedLosses 2024-06-30 12697130 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-06-30 12697130 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 12697130 c:OrdinaryShareClass1 2024-07-01 2025-06-30 12697130 c:OrdinaryShareClass1 2025-06-30 12697130 c:OrdinaryShareClass1 2024-06-30 12697130 c:FRS102 2024-07-01 2025-06-30 12697130 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 12697130 c:FullAccounts 2024-07-01 2025-06-30 12697130 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12697130 6 2024-07-01 2025-06-30 12697130 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12697130 MUSSELBURGH PROP CO LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
MUSSELBURGH PROP CO LTD COMPANY INFORMATION
Director | G Holmes
Company secretary | G Holmes
Registered number | 12697130
Registered office | Bentley Reid
| 29 Queen Anne's Gate
| London
| SW1H 9BU
Accountants | Rawlinson & Hunter LLP
| Chartered Accountants
| Eighth Floor
| 6 New Street Square
| New Fetter Lane
| London
| EC4A 3AQ
MUSSELBURGH PROP CO LTD CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 6
MUSSELBURGH PROP CO LTD REGISTERED NUMBER: 12697130 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 4,806,747 |  | 4,806,747
|  |  | 4,806,747 |  | 4,806,747
Current assets |  |  |  |  |
Current asset investments | 5 | 301,187 |  | - |
Cash at bank and in hand | 6 | 3,355 |  | 309,891 |
|  | 304,542 |  | 309,891 |
Creditors: amounts falling due within one year | 7 | (4,717,782) |  | (4,801,011) |
Net current liabilities |  |  | (4,413,240) |  | (4,491,120)
Total assets less current liabilities |  |  | 393,507 |  | 315,627
Net assets |  |  | 393,507 |  | 315,627
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1 |  | 1
Profit and loss account |  |  | 393,506 |  | 315,626
|  |  | 393,507 |  | 315,627
Page 1
MUSSELBURGH PROP CO LTD REGISTERED NUMBER: 12697130 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The director considers 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 director acknowledges his 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the and were signed on its behalf by:
G Holmes
Director
Date: 11 March 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
MUSSELBURGH PROP CO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Musselburgh Prop Co Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number 12697130. The registered office is Bentley Reid, 29 Queen Anne's Gate, London, SW1H 9BU. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future.
| 2.3 | Exemption from preparing consolidated financial statements
The company, and the group the company is part of, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
| 2.4 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
MUSSELBURGH PROP CO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | 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. The following criteria must also be met before revenue is recognised: The main revenue of the company is rental income receivable from the rental of company owned property to tenants. Rental income is paid quarterly in advance and is recognised as revenue at the end of the rental period to which it relates.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Taxation
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 balance sheet date in the countries where the company operates and generates income.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by the director and 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 profit or loss.
| 2.9 | Valuation of investments
Investments in bonds and funds are treated as listed investments as they are publicy traded and are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 4
MUSSELBURGH PROP CO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 | 4,806,747
| At 30 June 2025 | 4,806,747
The director considers that the historic cost of the investment property reflects its fair value at 30 June 2025.
5. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Listed investments | 301,187 | -
|  | 301,187 | -
| The cost of listed investments at 30 June 2025 was £299,405 (2024 - £nil).
Page 5
MUSSELBURGH PROP CO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 3,355 | 309,891
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 16,628 | 9,581
| Other taxation and social security | 9,545 | 9,791
| Amounts due to parent undertakings | 4,630,693 | 4,719,465
| Accruals and deferred income | 60,916 | 62,174
|  | 4,717,782 | 4,801,011
| The amounts owed to parent undertakings are unsecured and repayable on the earlier of 31 July 2030 or and 28 days notice from the lender. Interest is charged on the loan principal at an amount of 1.3327% and at an amount of 2.3327% on outstanding accrued interest.
8. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 3,355 | 309,891
| Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
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