Company Registration No. 04354608 (England and Wales)
Nether Developments Limited
Unaudited accounts
for the year ended 31 March 2025
Nether Developments Limited
Unaudited accounts
Contents
Nether Developments Limited
Company Information
for the year ended 31 March 2025
Directors
John Duggleby
Gail Duggleby
Secretary
Mrs Gail Duggleby
Company Number
04354608 (England and Wales)
Registered Office
The Milling House, 2 St Andrews Walk
Foston-On-The-Wolds
Driffield
East Yorkshire
YO25 8FJ
England
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
Nether Developments Limited
Statement of financial position
as at 31 March 2025
Investment property
1,810,622
1,670,000
Cash at bank and in hand
8,954
86,115
Creditors: amounts falling due within one year
(3,859)
(16,119)
Net current assets
6,476
171,199
Total assets less current liabilities
1,817,098
1,841,199
Creditors: amounts falling due after more than one year
(1,235,375)
(1,236,704)
Provisions for liabilities
Deferred tax
(74,560)
(74,560)
Net assets
507,163
529,935
Called up share capital
100
100
Profit and loss account
507,063
529,835
Shareholders' funds
507,163
529,935
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by
John Duggleby
Director
Company Registration No. 04354608
Nether Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
Nether Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04354608. The registered office is The Milling House, 2 St Andrews Walk, Foston-On-The-Wolds, Driffield, East Yorkshire, YO25 8FJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents rental income receiveable during the year.
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
The methods and significant assumptions used to ascertain the fair value of £1,835,000 and fair value movement of £25,000 included in the profit for the year are included within the investment property note.
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Fair value at 1 April 2024
1,670,000
At 31 March 2025
1,810,622
Nether Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
1,381
1,203
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
12,860
Other creditors
2,059
2,059
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
1,235,375
1,236,704
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company was controlled throughout the current and preceding year by J Duggleby and Mrs G Duggleby, who own 100% of the issued share capital.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).