ACCOUNTS - Final Accounts preparation

Registered number: 14310027

MORMONT & DOUGLAS PROPERTIES LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

MORMONT & DOUGLAS PROPERTIES LIMITED

REGISTERED NUMBER: 14310027

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	5		1,061,326		539,925
			1,061,326		539,925
Current assets
Debtors: amounts falling due within one year	6	100,000		100,000
		100,000		100,000
Creditors: amounts falling due within one year	7	(1,345,121)		(663,473)
Net current liabilities			(1,245,121)		(563,473)
Total assets less current liabilities			(183,795)		(23,548)

Net liabilities			(183,795)		(23,548)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(183,895)	(23,648)
	(183,795)	(23,548)

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 29 May 2026.

P J Smith

Director

The notes on pages 2 to 6 form part of these financial statements.

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MORMONT & DOUGLAS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Mormont & Douglas Properties Limited is a private company, limited by shares, incorporated in United Kingdom and registered in England Wales, with a registration number 14310027. The address of the registered office is Hawke House, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. The principal activity of the company continued to be that of property investment.

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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound sterling.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the company has net liabilities totaling £183,795. Including in creditors are amounts due to entities within the group to which the entity is a subsidiary totaling £1,345,121. The directors confirm that these liabilities will not be payable until the company is in a position to do so. Based on this the financial statements have been prepared on the going concern basis.

2.3

Investment property

Investment property is carried at fair value determined annually by the directors 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.

2.4

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.

2.5

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.

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MORMONT & DOUGLAS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

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MORMONT & DOUGLAS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the director is required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Investment property valuation - The valuation of investment property is a key area of estimation uncertainty. Investment properties are carried at fair value, which is determined based on market conditions at the reporting date using comparable market transactions and other relevant valuation techniques. In the absence of readily available observable market prices, the director uses judgement in selecting appropriate valuation methodologies and inputs, including yields, rental values and assumptions regarding future market conditions. Changes in these assumptions could have a material impact on the carrying value of investment property reported in the financial statements.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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MORMONT & DOUGLAS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 September 2024	539,925
	Additions at cost	606,648
	Disposals	(85,247)
	At 31 August 2025	1,061,326

The 2025 valuations were made by the director, on an open market value basis.

Debtors

					2025	2024
					£	£


Other debtors	100,000	100,000
	100,000	100,000

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	1,345,121	663,473
	1,345,121	663,473

8.Other financial commitments

The company has granted a debenture incorporating fixed and floating charges over its assets, including its investment property, as security for borrowings of a fellow group undertaking. The company is not the primary obligor in respect of these borrowings.

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MORMONT & DOUGLAS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

9.	Related party transactions
	Information about related party transactions and outstanding balances are outlined below. At the year end, the following amount were due from/(to) the related parties:

		2025	2024
		£	£

Entities with control, joint control or significant influence over the entity	(663,473)	(663,473)
Other related parties	(681,648)	-
	(1,345,121)	(663,473)

10.	Controlling party

The ultimate parent company is Taylor Mormont Limited, a company registered in England and Wales.

The ultimate controlling party is The Smith Family.

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2025 was unqualified.

The audit report was signed on 29 May 2026 by Matthew Wells ACA (Senior statutory auditor) on behalf of Haslers Assurance LLP.

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