Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 false 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13503467 2024-04-01 2025-03-31 13503467 2023-04-01 2024-03-31 13503467 2025-03-31 13503467 2024-03-31 13503467 1 2024-04-01 2025-03-31 13503467 d:Director1 2024-04-01 2025-03-31 13503467 c:FreeholdInvestmentProperty 2025-03-31 13503467 c:FreeholdInvestmentProperty 2024-03-31 13503467 c:CurrentFinancialInstruments 2025-03-31 13503467 c:CurrentFinancialInstruments 2024-03-31 13503467 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 13503467 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 13503467 c:ShareCapital 2025-03-31 13503467 c:ShareCapital 2024-03-31 13503467 c:RetainedEarningsAccumulatedLosses 2025-03-31 13503467 c:RetainedEarningsAccumulatedLosses 2024-03-31 13503467 d:FRS102 2024-04-01 2025-03-31 13503467 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13503467 d:FullAccounts 2024-04-01 2025-03-31 13503467 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13503467 2 2024-04-01 2025-03-31 13503467 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13503467 MERCIA REAL ESTATE (BROMYARD) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MERCIA REAL ESTATE (BROMYARD) LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 6
MERCIA REAL ESTATE (BROMYARD) LIMITED REGISTERED NUMBER: 13503467 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 2,489,278 |  | 2,489,278
Current assets |  |  |  |  |
Debtors | 5 | 380,443 |  | 194,497 |
Cash at bank and in hand |  | 8,193 |  | 77,364 |
|  | 388,636 |  | 271,861 |
Creditors: amounts falling due within one year | 6 | (3,384,923) |  | (3,101,792) |
Net current liabilities |  |  | (2,996,287) |  | (2,829,931)
Total assets less current liabilities |  |  | (507,009) |  | (340,653)
Net liabilities |  |  | (507,009) |  | (340,653)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (507,109) |  | (340,753)
|  |  | (507,009) |  | (340,653)
Page 1
MERCIA REAL ESTATE (BROMYARD) LIMITED REGISTERED NUMBER: 13503467 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 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 board and were signed on its behalf on 20 March 2026.
S T Clark
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
MERCIA REAL ESTATE (BROMYARD) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Mercia Real Estate (Bromyard) Limited (the company) is a private company limited by shares, incorporated and domiciled in England. The address of its 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 company, 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
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
| 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.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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 3
MERCIA REAL ESTATE (BROMYARD) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 4
MERCIA REAL ESTATE (BROMYARD) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 2,489,278
| At 31 March 2025 | 2,489,278
The 2025 valuations were made by the director, on an open market value basis.
| 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 | 2,489,278 | 2,489,278
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 21,699 | 8,640
| Amounts owed by group undertakings | 77,023 | 5,800
| Amounts owed associated undertakings | 225,821 | 162,950
| Other debtors | 2,079 | -
| Prepayments and accrued income | 53,821 | 17,107
|  | 380,443 | 194,497
Page 5
MERCIA REAL ESTATE (BROMYARD) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans | 2,633,058 | 2,570,367
| Trade creditors | 98,041 | 13,030
| Amounts owed to group undertakings | 313,163 | 259,740
| Amounts owed to associated undertakings | 297,415 | 111,300
| Other taxation and social security | - | 8,186
| Other creditors | - | 78,700
| Accruals and deferred income | 43,246 | 60,469
|  | 3,384,923 | 3,101,792
| The loan is secured by a legal charge over the company’s property and that of fellow subsidiaries. There is also a floating charge over all of the company’s assets and personal guarantees from the director and ultimate beneficial owner.
7. | Controlling party
The Company's parent undertaking is Mercia Real Estate (UK) Ltd.
8. | Post balance sheet events
The freehold investment property is being sold off piecemeal after the year end.
Page 6