Medburn Property Number 3 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14158974 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Medburn Property Number 3 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

A Brown

REGISTERED OFFICE:

The Manor House

Medburn

Newcastle Upon Tyne

United Kingdom

NE20 0JB

REGISTERED NUMBER:

14158974 (England and Wales)

ACCOUNTANTS:

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

FIXED ASSETS

Tangible assets

4

1,528

1,158

Investment property

5

1,510,000

482,864

1,511,528

484,022

CURRENT ASSETS

Debtors

6

150,473

10,746

Cash at bank

612

2,617

151,085

13,363

CREDITORS

Amounts falling due within one year

7

811,546

499,921

NET CURRENT LIABILITIES

(660,461

)

(486,558

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

851,067

(2,536

)

CREDITORS

Amounts falling due after more than one
year

8

(384,796

)

-

PROVISIONS FOR LIABILITIES

10

(126,139

)

-

NET ASSETS/(LIABILITIES)

340,132

(2,536

)

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

11

378,417

-

Retained earnings

(38,385

)

(2,636

)

SHAREHOLDERS' FUNDS

340,132

(2,536

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 October 2025 and were signed by:

A Brown - Director

1.	STATUTORY INFORMATION

Medburn Property Number 3 Ltd 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.

Plant and machinery etc

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 July 2024

-

1,362

-

1,362

Additions

391

-

250

641

At 30 June 2025

391

1,362

250

2,003

DEPRECIATION

At 1 July 2024

-

204

-

204

Charge for year

59

174

38

271

At 30 June 2025

59

378

38

475

NET BOOK VALUE

At 30 June 2025

332

984

212

1,528

At 30 June 2024

-

1,158

-

1,158

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

482,864

Additions

522,579

Revaluations

504,557

At 30 June 2025

1,510,000

NET BOOK VALUE

At 30 June 2025

1,510,000

At 30 June 2024

482,864

Fair value at 30 June 2025 is represented by:

£

Valuation in 2025

504,557

Cost

1,005,443

1,510,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Amounts owed by group undertakings

3,650

-

Other debtors

-

4,346

Directors' loan accounts

-

3,100

VAT

9,372

3,300

Prepayments

137,451

-

150,473

10,746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

750

-

Other loans

553,000

-

Trade creditors

26,678

-

Amounts owed to group undertakings

50,504

495,854

Other creditors

3,017

Directors' loan accounts

176,097

-

Accrued expenses

1,500

1,050

811,546

499,921

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.25

30.6.24

£

Bank loans - 2-5 years

384,796

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

Yorkshire Building Society

375,000

-

Edward Wood

450,000

-

825,000

-

Yorkshire Building Society holds a fixed charge over the freehold property 19 Ridley Place in respect of the loan taken out totalling £375,000..

Edward Wood holds a negative pledge over the freehold property 36 St Marys Place in respect of the loan taken out totalling £450,000

10.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

Deferred tax

Revaluation in P & L

126,139

-

Deferred tax

£

Provided during year

126,139

Balance at 30 June 2025

126,139

11.

RESERVES

Fair value

reserve

£

Reserve transfer

378,417

At 30 June 2025

378,417

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

A Brown

Balance outstanding at start of year

3,100

-

Amounts advanced

4,917

3,100

Amounts repaid

(184,114

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(176,097

)

3,100

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2025 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

10 October 2025