0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,708 880 171 1,051 657 828 475,000 475,000 475,000 xbrli:pure xbrli:shares iso4217:GBP 11272132 2024-04-01 2025-03-31 11272132 2025-03-31 11272132 2024-03-31 11272132 2023-04-01 2024-03-31 11272132 2024-03-31 11272132 2023-03-31 11272132 core:FurnitureFittings 2024-04-01 2025-03-31 11272132 bus:Director1 2024-04-01 2025-03-31 11272132 core:FurnitureFittings 2024-03-31 11272132 core:FurnitureFittings 2025-03-31 11272132 core:WithinOneYear 2025-03-31 11272132 core:WithinOneYear 2024-03-31 11272132 core:ShareCapital 2025-03-31 11272132 core:ShareCapital 2024-03-31 11272132 core:RevaluationReserve 2025-03-31 11272132 core:RevaluationReserve 2024-03-31 11272132 core:RetainedEarningsAccumulatedLosses 2025-03-31 11272132 core:RetainedEarningsAccumulatedLosses 2024-03-31 11272132 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 11272132 core:Non-currentFinancialInstruments 2025-03-31 11272132 core:Non-currentFinancialInstruments 2024-03-31 11272132 core:FurnitureFittings 2024-03-31 11272132 bus:SmallEntities 2024-04-01 2025-03-31 11272132 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11272132 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11272132 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11272132 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 11272132
M & D YORKSHIRE PROPERTIES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
M & D YORKSHIRE PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
657
828
Investments
5
475,000
475,000
----------
----------
475,657
475,828
CURRENT ASSETS
Debtors
6
320
312
Cash at bank and in hand
16,516
1,770
---------
-------
16,836
2,082
CREDITORS: amounts falling due within one year
7
400,797
404,676
----------
----------
NET CURRENT LIABILITIES
383,961
402,594
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
91,696
73,234
PROVISIONS
Taxation including deferred tax
3,152
3,152
---------
---------
NET ASSETS
88,544
70,082
---------
---------
M & D YORKSHIRE PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
2025
2024
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Revaluation reserve
13,433
13,433
Profit and loss account
75,011
56,549
---------
---------
SHAREHOLDERS FUNDS
88,544
70,082
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
D. B. Connolly
Director
Company registration number: 11272132
M & D YORKSHIRE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Casa Bonita, 12 Lower Clyde Street,, Sowerby Bridge, Halifax, West Yorkshire, HX6 3SG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents due during the period.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% straight line
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 April 2024 and 31 March 2025
1,708
-------
Depreciation
At 1 April 2024
880
Charge for the year
171
-------
At 31 March 2025
1,051
-------
Carrying amount
At 31 March 2025
657
-------
At 31 March 2024
828
-------
5. INVESTMENTS
Investment properties
£
Cost
At 1 April 2024 and 31 March 2025
475,000
----------
Impairment
At 1 April 2024 and 31 March 2025
----------
Carrying amount
At 31 March 2025
475,000
----------
At 31 March 2024
475,000
----------
The properties were valued by the directors at their estimated market values at the year end and included at that value.
6. DEBTORS
2025
2024
£
£
Other debtors
320
312
----
----
7. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
4,150
2,575
Tenants deposits
1,200
1,200
Other creditors
395,447
400,901
----------
----------
400,797
404,676
----------
----------
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest has been charged.