Registered number
12067415
Marygate House Development Limited
Filleted Accounts
30 June 2024
Marygate House Development Limited
Registered number: 12067415
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,000,000 1,000,000
Creditors: amounts falling due within one year 4 (133,002) (141,691)
Net current liabilities (133,002) (141,691)
Total assets less current liabilities 866,998 858,309
Creditors: amounts falling due after more than one year 5 (266,000) (266,000)
Provisions for liabilities (112,866) (112,866)
Net assets 488,132 479,443
Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 481,164 481,164
Profit and loss account 6,966 (1,723)
Shareholder's funds 488,132 479,443
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The property has been revalued to its estimated market value. This is subject to a RICS valuation to be carried out across the group.
Nathan Ronald Priestley
Director
Approved by the board on 26 March 2025
Marygate House Development Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 1,000,000
At 30 June 2024 1,000,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1,000,000
At 30 June 2023 1,000,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 131,261 141,691
Taxation and social security costs 1,741 -
133,002 141,691
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 266,000 266,000
6 Revaluation reserve 2024 2023
£ £
At 1 July 2023 481,164 -
Gain on revaluation of land and buildings - 594,030
Deferred taxation arising on the revaluation of land and buildings - (112,866)
At 30 June 2024 481,164 481,164
7 Other information
Marygate House Development Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
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