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COMPANY REGISTRATION NUMBER: 11876075

MORTLAKE INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

MORTLAKE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,728,118 | 1,728,428

Current assets

Debtors | 6 | 31,238 |  | 28,014
Cash at bank and in hand | – |  | 977
| --------- |  | ---------
| 31,238 |  | 28,991

Creditors: amounts falling due within one year | 7 | 895,910 |  | 759,933
| ---------- |  | ----------
Net current liabilities |  | 864,672 | 730,942
|  | ------------- | -------------
Total assets less current liabilities |  | 863,446 | 997,486

Creditors: amounts falling due after more than one year | 8 |  | 1,254,156 | 1,254,156
|  | ------------- | -------------
Net liabilities |  | ( 390,710) | ( 256,670)
|  | ------------- | -------------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | ( 390,810) | ( 256,770)
|  | ---------- | ----------
Shareholders deficit |  | ( 390,710) | ( 256,670)
|  | ---------- | ----------

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 statement of comprehensive income 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 .

MORTLAKE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 24 March 2026 , and are signed on behalf of the board by:

Mr P Jerrari |
Director |

Company registration number: 11876075

MORTLAKE INVESTMENTS 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 168 Church Road, Hove, East Sussex, BN3 2DL.
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.
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the creditors and on funding from other external sources. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to their recoverable amounts, and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Revenue recognition
Turnover represents amounts invoiced, net of value added tax, derived from the company's principal activity. Rental income is recognised over the term of the lease on a straight-line basis. The aggregate cost of incentives is deducted from the rental income and allocated to the profit and loss account over the lease term or to the next review date, whichever is shorter. Sales income and asset management fees are recognised when the financial risks and rewards are transferred.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Freehold property | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 and 31 March 2025 | 1,727,187 | 3,327 | 1,730,514
| ------------- | ------- | -------------
Depreciation |  |  |
At 1 April 2024 | – | 2,086 | 2,086
Charge for the year | – | 310 | 310
| ------------- | ------- | -------------
At 31 March 2025 | – | 2,396 | 2,396
| ------------- | ------- | -------------
Carrying amount |  |  |
At 31 March 2025 | 1,727,187 | 931 | 1,728,118
| ------------- | ------- | -------------
At 31 March 2024 | 1,727,187 | 1,241 | 1,728,428
| ------------- | ------- | -------------

Tangible assets held at valuation
At the year end the investment properties were valued by the director on an open market value basis.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,250 | 1,250
Other debtors | 29,988 | 26,764
| --------- | ---------
| 31,238 | 28,014
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 303 | –
Social security and other taxes | 5,251 | 5,251
Other creditors | 890,356 | 754,682
| ---------- | ----------
| 895,910 | 759,933
| ---------- | ----------

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

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 1,254,156 | 1,254,156
| ------------- | -------------

The bank loans are secured over the assets of the company.