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Registration number: 10191965

Mudbrick Properties Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Mudbrick Properties Ltd

(Registration number: 10191965)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 3,172,660 | 4,085,117
|  | 3,172,660 | 4,085,117
Current assets |  |  |
Debtors | 5 | 8,893 | 297,893
Cash at bank and in hand |  | 57,841 | 26,344
|  | 66,734 | 324,237
Creditors: Amounts falling due within one year | 6 | (478,552) | (633,135)
Net current liabilities |  | (411,818) | (308,898)
Total assets less current liabilities |  | 2,760,842 | 3,776,219
Creditors: Amounts falling due after more than one year | 6 | (1,747,527) | (2,608,511)
Net assets |  | 1,013,315 | 1,167,708
Capital and reserves |  |  |
Called up share capital | 8 | 302 | 302
Share premium reserve |  | 1,267,661 | 1,267,661
Other reserves |  | 168,416 | 158,343
Profit and loss account |  | (423,064) | (258,598)
Shareholders' funds |  | 1,013,315 | 1,167,708

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Mudbrick Properties Ltd

(Registration number: 10191965)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:

C A P Mayger
Director

S R Samant-Mayger
Director

Mudbrick Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2 | Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The presentation currency is sterling.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.
A bank loan is due for renewal within the next twelve months. The directors expect the loan to be rolled over for at least another twelve months.

Revenue recognition

Turnover comprises rental income received or receivable in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Mudbrick Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.
Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting year, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4 | Investment property

| 2025 £ | 2024 £
At 1 November | 4,085,117 | 4,984,292
Additions | 12,660 | -
Disposals | (925,117) | (929,292)
Fair value adjustments | - | 30,117
At 31 October | 3,172,660 | 4,085,117

The directors have reviewed the market value of the properties using current market data for similar properties in the same
areas and consider that there is no significant change at the balance sheet date.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 8,790 | 4,065
Other debtors | - | 292,150
Prepayments | 103 | 1,678
| 8,893 | 297,893

Mudbrick Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Bank loans | 134,441 | 49,990
Trade creditors | 58 | 2,770
Other creditors | 14,397 | 20,131
Other loans | 325,412 | 555,564
Accruals | 4,244 | 4,680
| 478,552 | 633,135

Creditors include bank loans which are secured against the properties they relate to in the sum of £134,441 (2024 - £49,990).

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Bank loans | 1,747,527 | 2,608,511
| 1,747,527 | 2,608,511

Creditors include bank loans which are secured against the properties they relate to in the sum of £1,747,527 (2024 - £2,608,511). Of this amount £1,624,008 (2024 - £2,350,440) is repayable after more than five years, other than by instalments.

7 | Related party transactions

Directors’ loan
The directors provided the company with a loan on which no interest was charged.

Mudbrick Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200.00 | 200 | 200.00
Ordinary Class A of £0.01 each | 5,169 | 51.69 | 5,169 | 51.69
Ordinary Class B of £0.01 each | 4,831 | 48.31 | 4,831 | 48.31
Ordinary Class C of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class D of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class E of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class F of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class G of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class H of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class I of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class J of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class K of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class L of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class M of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class N of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class O of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class P of £0.01 each | 10 | .10 | 10 | .10
Ordinary Class Q of £0.01 each | 10 | .10 | 10 | .10
| 10,350 | 301.50 | 10,350 | 301.50