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REGISTERED NUMBER: 04249648 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Mainprize Properties Limited

Mainprize Properties Limited (Registered number: 04249648)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainprize Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss P Arliss
Mr I R Mainprize





SECRETARY: Miss P Arliss





REGISTERED OFFICE: 16 Manor Gardens
Hunmanby
Filey
North Yorkshire
YO14 0PY





REGISTERED NUMBER: 04249648 (England and Wales)





ACCOUNTANTS: Walker & Co
Chartered Accountants
Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Mainprize Properties Limited (Registered number: 04249648)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 591,912 601,522

CURRENT ASSETS
Debtors 5 682 470
Cash at bank 1,668 11,215
2,350 11,685
CREDITORS
Amounts falling due within one year 6 303,961 278,310
NET CURRENT LIABILITIES (301,611 ) (266,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,301

334,897

CREDITORS
Amounts falling due after more than one
year

7

183,115

198,851
NET ASSETS 107,186 136,046

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,086 135,946
SHAREHOLDERS' FUNDS 107,186 136,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Mainprize Properties Limited (Registered number: 04249648)

Balance Sheet - continued
31 July 2024


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

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 28 April 2025 and were signed on its behalf by:




Miss P Arliss - Director



Mr I R Mainprize - Director


Mainprize Properties Limited (Registered number: 04249648)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mainprize Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - straight line over 3 years and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extenrecognizedrelates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 2 (2023 - 2 ) .

Mainprize Properties Limited (Registered number: 04249648)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 552,104 66,994 619,098
Additions - 7,000 7,000
Disposals - (4,068 ) (4,068 )
At 31 July 2024 552,104 69,926 622,030
DEPRECIATION
At 1 August 2023 - 17,576 17,576
Charge for year - 13,559 13,559
Eliminated on disposal - (1,017 ) (1,017 )
At 31 July 2024 - 30,118 30,118
NET BOOK VALUE
At 31 July 2024 552,104 39,808 591,912
At 31 July 2023 552,104 49,418 601,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 682 470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 38,778 41,946
Trade creditors 5,546 2,728
Taxation and social security (7,600 ) (9,146 )
Other creditors 267,237 242,782
303,961 278,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 183,115 198,851

Mainprize Properties Limited (Registered number: 04249648)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 183,115 198,851