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REGISTERED NUMBER: 10994893 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Intotal Developments Limited

Intotal Developments Limited (Registered number: 10994893)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Intotal Developments Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: D S Rhodes
A Sykes
N Speakman





REGISTERED OFFICE: 121 Almsford Road
York
North Yorkshire
YO26 5NU





REGISTERED NUMBER: 10994893 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Intotal Developments Limited (Registered number: 10994893)

Abridged Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,550,000 1,445,000

CURRENT ASSETS
Debtors 3,560 4,167
Cash at bank and in hand 8,633 6,968
12,193 11,135
CREDITORS
Amounts falling due within one year 134,042 151,137
NET CURRENT LIABILITIES (121,849 ) (140,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,428,151

1,304,998

CREDITORS
Amounts falling due after more than one
year

5

978,125

978,125
NET ASSETS 450,026 326,873

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 449,924 326,771
450,026 326,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Intotal Developments Limited (Registered number: 10994893)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





A Sykes - Director


Intotal Developments Limited (Registered number: 10994893)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Intotal Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,445,000
Revaluations 105,000
At 30 November 2024 1,550,000
NET BOOK VALUE
At 30 November 2024 1,550,000
At 30 November 2023 1,445,000

Intotal Developments Limited (Registered number: 10994893)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2021 1,274,075
Valuation in 2022 170,925
Valuation in 2024 105,000
1,550,000

Mr A Sykes, director, has reviewed the valuations in place for the investment properties and deems the values to be a true and fair representation of the property market as at the 30th November 2024.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.24 30.11.23
£    £   
Repayable by instalments
Mortgages 978,125 978,125

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Paragon Bank Plc 689,375 689,375
Interbay Funding Limited 288,750 288,750
978,125 978,125

Paragon Bank Plc hold a legal charge over the land and property of 130 Haxby Road, York.

Interbay Funding Limited hold a legal charge over the land and property of 1 Carr Lane, York

7. RELATED PARTY DISCLOSURES

As at the 30th November 2024, the company owed DNA Developments (York) Limited £126,300 (2023: £141,300). The loan is interest free and is repayable on demand.

During a previous year, the company received a loan from Bish Road York Limited for £750. This remains unpaid at the period end. The loan is interest free and is repayable on demand.

DNA Developments (York) Limited and Bish Road York Limited are companies with the same controlling parties.