REGISTERED NUMBER: 10938642 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MPDA PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Pye

P K Pye

REGISTERED OFFICE:

Ebor House

Main Street

Upper Poppleton

York

North Yorkshire

YO26 6JR

REGISTERED NUMBER:

10938642 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

15,750

17,850

Investment property

5

1,304,193

1,183,193

1,319,943

1,201,043

CURRENT ASSETS

Debtors

6

6,204

5,068

Cash at bank

18,317

66,448

24,521

71,516

CREDITORS

Amounts falling due within one year

7

6,847

3,305

NET CURRENT ASSETS

17,674

68,211

TOTAL ASSETS LESS CURRENT LIABILITIES

1,337,617

1,269,254

CREDITORS

Amounts falling due after more than one year

8

(1,234,511

)

(1,194,511

)

PROVISIONS FOR LIABILITIES

(25,969

)

(23,538

)

NET ASSETS

77,137

51,205

CAPITAL AND RESERVES

Called up share capital

10

100

100

Other reserves

72,026

79,436

Retained earnings

5,011

(28,331

)

SHAREHOLDERS' FUNDS

77,137

51,205

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

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

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 25 September 2025 and were signed on its behalf by:

P K Pye - Director

1.	STATUTORY INFORMATION

MPDA 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable from investment properties, and is recognised as it falls due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from the changes in the fair value is recognised in the statement of other comprehensive income.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

21,000

DEPRECIATION

At 1 January 2024

3,150

Charge for year

2,100

At 31 December 2024

5,250

NET BOOK VALUE

At 31 December 2024

15,750

At 31 December 2023

17,850

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,183,193

Additions

125,978

Revaluations

(4,978

)

At 31 December 2024

1,304,193

NET BOOK VALUE

At 31 December 2024

1,304,193

At 31 December 2023

1,183,193

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

81,882

Valuation in 2022

21,091

Valuation in 2024

(4,978

)

Cost

1,206,198

1,304,193

Investment property was valued on an open market basis on 31 December 2024 by by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,181

5,068

Other debtors

1,023

-

6,204

5,068

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,887

1,481

Taxation and social security

3,075

-

Other creditors

1,885

1,824

6,847

3,305

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,234,511

1,194,511

Amounts falling due in more than five years:

Repayable by instalments

Other loans

605,843

605,843

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

605,843

605,843

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100