McNaughton Property Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01584412 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

McNaughton Property Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G McNaughton

Mrs S J McNaughton

Mr A J McNaughton

Mr J R McNaughton

SECRETARY:

Mrs S J McNaughton

REGISTERED OFFICE:

45 Main Avenue

Totley Rise

Sheffield

South Yorkshire

S17 4FH

REGISTERED NUMBER:

01584412 (England and Wales)

ACCOUNTANTS:

Lishmans LLP

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

FIXED ASSETS

Tangible assets

4

6,687

7,687

Investments

5

6,255

Investment property

6

2,132,221

2,085,952

2,145,163

2,099,894

CURRENT ASSETS

Debtors

7

1,200

662

Cash at bank

41,100

26,259

42,300

26,921

CREDITORS

Amounts falling due within one
year

8

36,605

28,452

NET CURRENT ASSETS/(LIABILITIES)

5,695

(1,531

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,150,858

2,098,363

CREDITORS

Amounts falling due after more
than one year

9

(130,827

)

(134,807

)

PROVISIONS FOR LIABILITIES

10

(230,131

)

(175,090

)

NET ASSETS

1,789,900

1,788,466

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

11

76,915

Non distributable reserve

11

910,963

Retained earnings

801,022

799,588

SHAREHOLDERS' FUNDS

1,789,900

1,788,466

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 14 October 2025 and were signed on its behalf by:

Mr J R McNaughton - Director

1.	STATUTORY INFORMATION

McNaughton Property Developments Limited is a private company , limited by shares , registered in England and Wales. The company's registered number is 01584412 and registered office address is 45 Main Avenue , Totley , Sheffield , S17 4FH.

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 net rents receivable arising from the letting of the company's properties.

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

-

20% on cost

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. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 taxation is provided using the liability method to take account of the effect of the tax liability that would arise if the investment properties were to be sold at their fair value .

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

102,142

Additions

4,482

At 31 March 2025

106,624

DEPRECIATION

At 1 April 2024

94,455

Charge for year

5,482

At 31 March 2025

99,937

NET BOOK VALUE

At 31 March 2025

6,687

At 31 March 2024

7,687

5.	FIXED ASSET INVESTMENT

The company invested in a stock portfolio operated by Hargreaves Lansdown Asset Management Limited.

At 31 March 2024 the value was £6,254.74.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,085,952

Additions

46,269

At 31 March 2025

2,132,221

NET BOOK VALUE

At 31 March 2025

2,132,221

At 31 March 2024

2,085,952

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

1,960,195

Valuation in 2022

54,928

Valuation in 2023

46,195

Valuation in 2024

24,634

Valuation in 2025

46,269

2,132,221

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

754,688

Investment property was valued on an open market basis on 31 March 2020 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,200

662

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,724

Trade creditors

885

5,771

Taxation and social security

15,621

3,430

Other creditors

10,375

9,527

36,605

28,452

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

130,827

134,807

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

230,131

175,090

Deferred

tax

£

Balance at 1 April 2024

175,090

Provided during year

55,041

Balance at 31 March 2025

230,131

11.

RESERVES

Non

Revaluation

distributable

reserve

Totals

£

At 1 April 2024

and 31 March 2025

76,915

910,963

987,878