REGISTERED NUMBER: 10130703 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

M&G Properties(NE) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Noone

G L Noone

SECRETARY:

REGISTERED OFFICE:

Fern Cottage

Farnley Hey Road

Durham

DH1 4EA

REGISTERED NUMBER:

10130703 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,313,865

1,320,139

CURRENT ASSETS

Debtors

5

1,261

1,261

Cash at bank

3,896

41,756

5,157

43,017

CREDITORS

Amounts falling due within one year

6

157,660

207,471

NET CURRENT LIABILITIES

(152,503

)

(164,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,161,362

1,155,685

CREDITORS

Amounts falling due after more than one year

7

750,160

750,160

NET ASSETS

411,202

405,525

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

411,102

405,425

SHAREHOLDERS' FUNDS

411,202

405,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 September 2025 and were signed on its behalf by:

M J Noone - Director

1.	STATUTORY INFORMATION

M&G Properties(NE) 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 as modified by the revaluation of certain assets.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

and 30 April 2025

1,313,000

30,059

1,343,059

DEPRECIATION

At 1 May 2024

15,675

7,245

22,920

Charge for year

4,125

2,149

6,274

At 30 April 2025

19,800

9,394

29,194

NET BOOK VALUE

At 30 April 2025

1,293,200

20,665

1,313,865

At 30 April 2024

1,297,325

22,814

1,320,139

Cost or valuation at 30 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

1,313,000

30,059

1,343,059

If Freehold Land and Property had not been revalued would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

916,136

916,136

Freehold Land and Buildings were valued on an opens market basis on 30 April 2024 by the Directors. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

1,261

1,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

8

-

Taxation and social security

3,155

2,274

Other creditors

154,497

205,197

157,660

207,471

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

750,160

750,160

Amounts falling due in more than five years:

Repayable by instalments

No description

(27,141

)

(27,141

)