Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false 1 false 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13501637 2024-04-01 2025-03-31 13501637 2023-04-01 2024-03-31 13501637 2025-03-31 13501637 2024-03-31 13501637 c:Director1 2024-04-01 2025-03-31 13501637 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 13501637 d:FreeholdInvestmentProperty 2025-03-31 13501637 d:FreeholdInvestmentProperty 2024-03-31 13501637 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 13501637 d:CurrentFinancialInstruments 2025-03-31 13501637 d:CurrentFinancialInstruments 2024-03-31 13501637 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13501637 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13501637 d:ShareCapital 2025-03-31 13501637 d:ShareCapital 2024-03-31 13501637 d:RevaluationReserve 2025-03-31 13501637 d:RevaluationReserve 2024-03-31 13501637 d:RetainedEarningsAccumulatedLosses 2025-03-31 13501637 d:RetainedEarningsAccumulatedLosses 2024-03-31 13501637 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 13501637 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13501637 c:FRS102 2024-04-01 2025-03-31 13501637 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13501637 c:FullAccounts 2024-04-01 2025-03-31 13501637 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13501637 2 2024-04-01 2025-03-31 13501637 5 2024-04-01 2025-03-31 13501637 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13501637 MERCIA REAL ESTATE (PEARTREE) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MERCIA REAL ESTATE (PEARTREE) LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 7
MERCIA REAL ESTATE (PEARTREE) LIMITED REGISTERED NUMBER: 13501637 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 7,039,054 |  | 3,095,167
Current assets |  |  |  |  |
Debtors | 5 | 1,477,540 |  | 1,553,974 |
Cash at bank and in hand |  | 690 |  | 8,970 |
|  | 1,478,230 |  | 1,562,944 |
Creditors: amounts falling due within one year | 6 | (4,016,239) |  | (3,527,471) |
Net current liabilities |  |  | (2,538,009) |  | (1,964,527)
Total assets less current liabilities |  |  | 4,501,045 |  | 1,130,640
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 | (976,208) |  | - |
|  |  | (976,208) |  | -
Net assets |  |  | 3,524,837 |  | 1,130,640
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 2,928,624 |  | -
Profit and loss account |  |  | 596,113 |  | 1,130,540
|  |  | 3,524,837 |  | 1,130,640
Page 1
MERCIA REAL ESTATE (PEARTREE) LIMITED REGISTERED NUMBER: 13501637 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 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 statement of comprehensive income 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 20 March 2026.
S T Clark
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
MERCIA REAL ESTATE (PEARTREE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Mercia Real Estate (Peartree) Limited (the company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Second Floor Portman House, 5-7 Temple Row West, Birmingham, United Kingdom, B2 5NY. 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. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company is dependent upon the support from its ultimate parent, other group entities and its shareholders. They have indicated that they will continue to provide financial support to the company for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.
| 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. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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. Page 3
MERCIA REAL ESTATE (PEARTREE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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 balance sheet 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 balance sheet 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 balance sheet date.
| 2.8 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.9 | Investment property
Investment property is carried at fair value determined annually by external valuers 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. Page 4
MERCIA REAL ESTATE (PEARTREE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 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 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 5
MERCIA REAL ESTATE (PEARTREE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 3,095,167
| Additions at cost | 39,054
| Surplus on revaluation | 3,904,833
| At 31 March 2025 | 7,039,054
The 2025 valuations were made by the director, on an open market value basis.
| At 31 March 2025
| 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 | 3,134,222 | 3,095,167
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 1,401,264 | 1,431,904
| Amounts owed by associated undertakings | 76,276 | 122,070
|  | 1,477,540 | 1,553,974
Page 6
MERCIA REAL ESTATE (PEARTREE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans | 3,386,669 | 3,181,902
| Trade creditors | 29,503 | 21,715
| Amounts owed to group undertakings | 170,286 | 107,800
| Amounts owed to associated undertakings | 401,921 | 23,000
| Other taxation and social security | 11,735 | 177,446
| Accruals and deferred income | 16,125 | 15,608
|  | 4,016,239 | 3,527,471
| Loans of £3,386,669 (2024: £3,181,902) are secured by a legal charge over the property and a debenture over the company's assets.
7. | Deferred taxation
|  | 2025
|  | £
| Charged to profit or loss | (976,208)
| At end of year | (976,208)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| On revaluation | (976,208) | -
8. | Controlling party
The company's parent undertaking was Mercia Real Estate (UK) Ltd.
Page 7