REGISTERED NUMBER: 14729069 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MINSTER PROPERTIES RESIDENTIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Timothy Stuart Marshall

Mr Michael John Singleton

SECRETARY:

Mr Timothy Stuart Marshall

REGISTERED OFFICE:

56 Gladstone Lane

Scarborough

YO12 7BS

REGISTERED NUMBER:

14729069 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

3,267

4,084

Investment property

5

2,220,000

3,345,000

2,223,267

3,349,084

CURRENT ASSETS

Debtors

6

230,303

15,171

Cash at bank and in hand

487,156

35,959

717,459

51,130

CREDITORS

Amounts falling due within one year

7

457,549

259,724

NET CURRENT ASSETS/(LIABILITIES)

259,910

(208,594

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,483,177

3,140,490

CREDITORS

Amounts falling due after more than one year

8

1,289,852

1,906,843

NET ASSETS

1,193,325

1,233,647

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

1,228,432

1,228,432

Retained earnings

(35,207

)

5,115

1,193,325

1,233,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 8 September 2025 and were signed on its behalf by:

Mr Michael John Singleton - Director

1.	STATUTORY INFORMATION

Minster Properties Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The level of rounding used in the financial statements is to the nearest £1.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

5,106

DEPRECIATION

At 1 April 2024

1,022

Charge for year

817

At 31 March 2025

1,839

NET BOOK VALUE

At 31 March 2025

3,267

At 31 March 2024

4,084

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,345,000

Disposals

(1,125,000

)

At 31 March 2025

2,220,000

NET BOOK VALUE

At 31 March 2025

2,220,000

At 31 March 2024

3,345,000

The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.

During the year an increase in the fair value of the investment properties of £nil has been included directly in the profit and loss account.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,110

9,033

Other debtors

212,193

6,138

230,303

15,171

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,774

4,381

Taxation and social security

661

9,563

Other creditors

421,114

245,780

457,549

259,724

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,289,852

1,906,843

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

698,680