Tyne Properties (North East) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12471671

TYNE PROPERTIES (NORTH EAST) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

TYNE PROPERTIES (NORTH EAST) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

TYNE PROPERTIES (NORTH EAST) LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investment properties	6		106,732		106,732

CURRENT ASSETS

Debtors	7	540	469
Cash at bank and in hand		57,387	54,906
		---------	---------
		57,927	55,375

CREDITORS: amounts falling due within one year	8	3,998		3,862
		---------		---------
NET CURRENT ASSETS			53,929		51,513
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			160,661		158,245

CREDITORS: amounts falling due after more than one year	9	171,727	174,932
		----------	----------
NET LIABILITIES		( 11,066)	( 16,687)
		----------	----------

CAPITAL AND RESERVES

Called up share capital	10	100	100
Profit and loss account		( 11,166)	( 16,787)
		---------	---------
SHAREHOLDERS DEFICIT		( 11,066)	( 16,687)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TYNE PROPERTIES (NORTH EAST) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

H. Rizvi

Director

Company registration number: 12471671

TYNE PROPERTIES (NORTH EAST) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration and represents amounts receivable for rent.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Equipment	-	33% straight line

Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised through the income statement.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Investment properties are not depreciated.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year, being the directors of the company, amounted to 2 (2024: 2).

5. TANGIBLE ASSETS

	Computer Equipment
	£
Cost
At 1st April 2024 and 31st March 2025	729
	----
Depreciation
At 1st April 2024 and 31st March 2025	729
	----
Carrying amount
At 31st March 2025	–
	----
At 31st March 2024	–
	----

6. INVESTMENT PROPERTIES

	Investment properties
	£
Cost
At 1st April 2024 and 31st March 2025	106,732
	----------
Impairment
At 1st April 2024 and 31st March 2025	–
	----------

Carrying amount
At 31st March 2025	106,732
	----------
At 31st March 2024	106,732
	----------

Investment properties are stated at the directors' opinion of fair value which is equal to cost.

7. DEBTORS

	2025	2024
	£	£
Prepayments	540	469
	----	----

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Mortgage	3,093	2,981
Accruals	905	881
	-------	-------
	3,998	3,862
	-------	-------

The mortgage, included within creditors: amounts falling due within one year, is secured against the investment properties to which it relates.

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Mortgage	100,424	103,629
Director loan accounts	71,303	71,303
	----------	----------
	171,727	174,932
	----------	----------

The mortgage, included within creditors: amounts falling due after more than one year, is secured against the investment properties to which it relates.

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. RELATED PARTY TRANSACTIONS

A director's loan account processes the transactions between H. Rizvi and Tyne Properties (North East) Limited. At the year end, the balance on this loan account was £71,303 (2024: £71,303) and this is shown in creditors: amounts falling due after more than one year. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.