Registration number: 08311180

MKC (Yorkshire) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

MKC (Yorkshire) Limited

(Registration number: 08311180)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	3		3,136,757		2,469,250
Investment property	4		1,572,386		2,461,864
Investments	5		1,000		1,000
			4,710,143		4,932,114
Current assets
Stocks		1,073,842		1,063,302
Debtors	6	110,333		-
Cash at bank and in hand		339,805		5,018
		1,523,980		1,068,320
Creditors: Amounts falling due within one year	7	(234,112)		(257,415)
Net current assets			1,289,868		810,905
Total assets less current liabilities			6,000,011		5,743,019
Creditors: Amounts falling due after more than one year	7		(741,045)		(816,133)
Provisions for liabilities			(11,477)		(11,477)
Net assets			5,247,489		4,915,409
Capital and reserves
Called up share capital		1,000		1,000
Profit and loss account		5,246,489		4,914,409
Total equity			5,247,489		4,915,409

MKC (Yorkshire) Limited

(Registration number: 08311180)
Balance Sheet as at 31 March 2025

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 December 2025
 

......................................... Mr S.L. Drewell Director

MKC (Yorkshire) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£).

Group accounts not prepared

The Company, as a parent company of a small group, is not required to prepare group accounts by virtue of the exemption within s399 Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, provision of services and rental income received from letting of property in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

MKC (Yorkshire) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	- 2% straight line

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

MKC (Yorkshire) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	2,550,000	2,550,000
Additions	733,170	733,170
At 31 March 2025	3,283,170	3,283,170
Depreciation
At 1 April 2024	80,750	80,750
Charge for the year	65,663	65,663
At 31 March 2025	146,413	146,413
Carrying amount
At 31 March 2025	3,136,757	3,136,757
At 31 March 2024	2,469,250	2,469,250

4	Investment properties

	2025 £
At 1 April	2,461,864
Disposals	(889,478)
At 31 March	1,572,386

In the opinion of the director, the fair value of investment properties at 31 March 2025 is not materially different to their carrying values.

MKC (Yorkshire) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

5	Investments

	2025 £	2024 £
Investments in subsidiaries	1,000	1,000