IRIS Accounts Production v25.4.0.155 10191300 director 5.4.24 4.4.25 4.4.25 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10191300 2024-04-04 10191300 2025-04-04 10191300 2024-04-05 2025-04-04 10191300 2023-04-04 10191300 2023-04-05 2024-04-04 10191300 2024-04-04 10191300 ns15:EnglandWales 2024-04-05 2025-04-04 10191300 ns14:PoundSterling 2024-04-05 2025-04-04 10191300 ns10:Director1 2024-04-05 2025-04-04 10191300 ns10:PrivateLimitedCompanyLtd 2024-04-05 2025-04-04 10191300 ns10:SmallEntities 2024-04-05 2025-04-04 10191300 ns10:AuditExempt-NoAccountantsReport 2024-04-05 2025-04-04 10191300 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-05 2025-04-04 10191300 ns10:SmallCompaniesRegimeForAccounts 2024-04-05 2025-04-04 10191300 ns10:FullAccounts 2024-04-05 2025-04-04 10191300 ns10:OrdinaryShareClass2 2024-04-05 2025-04-04 10191300 ns10:OrdinaryShareClass3 2024-04-05 2025-04-04 10191300 ns10:RegisteredOffice 2024-04-05 2025-04-04 10191300 ns5:CurrentFinancialInstruments 2025-04-04 10191300 ns5:CurrentFinancialInstruments 2024-04-04 10191300 ns5:Non-currentFinancialInstruments 2025-04-04 10191300 ns5:Non-currentFinancialInstruments 2024-04-04 10191300 ns5:ShareCapital 2025-04-04 10191300 ns5:ShareCapital 2024-04-04 10191300 ns5:RetainedEarningsAccumulatedLosses 2025-04-04 10191300 ns5:RetainedEarningsAccumulatedLosses 2024-04-04 10191300 1 2024-04-05 2025-04-04 10191300 ns5:PlantMachinery 2024-04-04 10191300 ns5:PlantMachinery 2024-04-05 2025-04-04 10191300 ns5:PlantMachinery 2025-04-04 10191300 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-04-05 2025-04-04 10191300 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-04-04 10191300 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-04 10191300 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-04 10191300 ns5:Secured 2025-04-04 10191300 ns5:Secured 2024-04-04 10191300 ns5:DeferredTaxation 2024-04-04 10191300 ns5:DeferredTaxation 2024-04-05 2025-04-04 10191300 ns5:DeferredTaxation 2025-04-04 10191300 ns10:OrdinaryShareClass2 2025-04-04 10191300 ns10:OrdinaryShareClass3 2025-04-04 10191300 ns10:Director1 1 2024-04-04 10191300 ns10:Director1 1 2023-04-04 10191300 ns10:Director1 1 2024-04-05 2025-04-04 10191300 ns10:Director1 1 2023-04-05 2024-04-04 10191300 ns10:Director1 1 2025-04-04 10191300 ns10:Director1 1 2024-04-04

REGISTERED NUMBER: 10191300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

FOR

MICHAELHOUSE PROPERTIES LIMITED

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MICHAELHOUSE PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 4 APRIL 2025

| DIRECTOR: | I G Jolley

| REGISTERED OFFICE: | 5 Howson Avenue

| Holt

| North Norfolk

| NR25 6FS

| BUSINESS ADDRESS: | 5 Regency Square

| Cambridge

| Cambridgeshire

| CB1 3WL

| REGISTERED NUMBER: | 10191300 (England and Wales)

| ACCOUNTANTS: | Thompson Taraz Rand Ltd

| Chartered Accountants

| 10 Jesus Lane

| Cambridge

| Cambridgeshire

| CB5 8BA

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

BALANCE SHEET

4 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 43,987 |  | - |  |

Investment property | 6 | 1,485,000 |  | 1,501,612 |  |

1,528,987 |  | 1,501,612 |  |

CURRENT ASSETS

Debtors | 7 | 66,571 |  | 40,835 |  |

Cash and cash equivalents | 29,601 |  | 97,433 |  |

96,172 |  | 138,268 |  |

CREDITORS

Amounts falling due within one year | 8 | (35,627 | ) | (9,664 | ) |

NET CURRENT ASSETS | 60,545 |  | 128,604 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,589,532 |  | 1,630,216 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (461,674 | ) | (461,810 | ) |

PROVISIONS FOR LIABILITIES | 11 | (8,225 | ) | (12,378 | ) |

NET ASSETS | 1,119,633 |  | 1,156,028 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1,251,839 |  | 1,251,839 |  |

Retained earnings | (132,206 | ) | (95,811 | ) |

SHAREHOLDERS' FUNDS | 1,119,633 |  | 1,156,028 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 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.

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

BALANCE SHEET - continued

4 APRIL 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

I G Jolley - Director

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

1. | STATUTORY INFORMATION

| Michaelhouse Properties Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| The valuations of investment properties have been identified as a source of estimation uncertainty. The fair values as at the balance sheet date have been undertaken by the directors having considered property values in the local areas of equivalent properties.

| Turnover

| Turnover represents rental income received or receivable form the Company's portfolio of investment properties. The company is not VAT registered.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Computer equipment - 33.33% on cost

| Motor Vehicle - 20% on reducing balance

| Investment property

| Investment property is shown at its fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 4 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 5 April 2024 | 1,160 |  |

| Additions | 51,750 |  |

| At 4 April 2025 | 52,910 |  |

| DEPRECIATION

| At 5 April 2024 | 1,160 |  |

| Charge for year | 7,763 |  |

| At 4 April 2025 | 8,923 |  |

| NET BOOK VALUE

| At 4 April 2025 | 43,987 |  |

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 4 APRIL 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 51,750 |  |

| At 4 April 2025 | 51,750 |  |

| DEPRECIATION

| Charge for year | 7,763 |  |

| At 4 April 2025 | 7,763 |  |

| NET BOOK VALUE

| At 4 April 2025 | 43,987 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 5 April 2024 | 1,501,612 |  |

| Revaluations | (16,612 | ) |

| At 4 April 2025 | 1,485,000 |  |

| NET BOOK VALUE

| At 4 April 2025 | 1,485,000 |  |

| At 4 April 2024 | 1,501,612 |  |

| Fair value at 4 April 2025 is represented by:

£ |

| Valuation in 2022 | 11,001 |  |

| Valuation in 2024 | 50,890 |  |

| Valuation in 2025 | (16,612 | ) |

| Cost | 1,439,721 |  |

1,485,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,439,721 |  | 1,439,721 |  |

| Investment properties were valued on an open market basis on 31 March 2024 by the director .

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 4 APRIL 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 66,571 |  | 40,835 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 20,125 |  | - |  |

| Taxation and social security | 3,240 |  | - |  |

| Other creditors | 12,262 |  | 9,664 |  |

35,627 |  | 9,664 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 461,674 |  | 461,810 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due more than 5 yrs | 461,674 |  | 461,810 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 461,674 |  | 461,810 |  |

| The loan is secured by way of a charge over the property to which it relates.

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 8,225 |  | 12,378 |  |

| Deferred |

| tax |

£ |

| Balance at 5 April 2024 | 12,378 |  |

| Provided during year | (4,153 | ) |

| Balance at 4 April 2025 | 8,225 |  |

MICHAELHOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 10191300) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 4 APRIL 2025

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 3 | Ordinary A | £1 | 3 |  | 3 |  |

| 1,251,836 | Ordinary B | £1 | 1,251,836 |  | 1,251,836 |  |

1,251,839 |  | 1,251,839 |  |

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 4 April 2025 and 4 April 2024:

2025 | 2024 |

£ | £ |

| I G Jolley

| Balance outstanding at start of year | 40,832 |  | - |  |

| Amounts advanced | 56,701 |  | 40,832 |  |

| Amounts repaid | (84,178 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 13,355 |  | 40,832 |  |

14. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the directors owed the company £13,355 (2024 £40,832). The amount included interest charged of £68 (2024 £615 ), is repayable on demand and included within debtors due in less than one year.