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Company Registration No. 10489368 (England and Wales)
M&S PROPERTY DEVELOPMENT LTD
Financial Statements
for the Period from 01 December 2023 to 30 November 2024

M&S PROPERTY DEVELOPMENT LTD

Financial Statements for the period ending 30 November 2024

M&S PROPERTY DEVELOPMENT LTD

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

1. Statutory Information
M&S PROPERTY DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 10489368.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

M&S PROPERTY DEVELOPMENT LTD

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

3. Exceptional Items
Prior Period Adjustment – Depreciation Policy for Investment PropertiesDuring the year, the company reviewed the classification and accounting treatment of its land and buildings. These assets are held as investment properties and, in accordance with FRS 102 Section 16, are not subject to depreciation.As a result, an adjustment of £912,533 was made to reverse previously applied depreciation. The adjustment has been recognised as a prior period adjustment, by increasing the carrying amount of investment properties and updating opening retained earnings as at 1 December 2023. This change had no impact on the current year's profit and loss.
4. Employees
Average number of employees, including directors, during the year was as follows:
2024 14
2023 14
5. Principal Activity
The company's principal activity during the year continued to be other letting and operating of its own or leased real estate.

M&S PROPERTY DEVELOPMENT LTD

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

6. Fixed Assets
Motor Vehicles Total
Cost or valuation £ £
At 01/12/2023 5,000 5,000
Additions - -
At 30/11/2024 5,000 5,000
Depreciation
At 01/12/2023 900 900
Charge for the year 738 738
At 30/11/2024 1,638 1,638
Net Book Value
At 30/11/2024 3,362 3,362
At 30/11/2023 4,100 4,100

M&S PROPERTY DEVELOPMENT LTD

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

7. Investment Properties
2024 2023
£ £
Valuation at 01/12/2023 25,847,674 24,254,089
Additions 139,107 681,052
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments 1,000,000 -
Valuation at 30/11/2024 26,986,781 24,935,141