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Company Registration No. 13386961 (England and Wales)
Madder Properties Limited Unaudited accounts for the year ended 31 May 2025
Madder Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Madder Properties Limited Company Information for the year ended 31 May 2025
Director
Daniel Brooks
Company Number
13386961 (England and Wales)
Registered Office
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Madder Properties Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
444,262
352,547
Current assets
Cash at bank and in hand
12,509
11,103
Creditors: amounts falling due within one year
5
(445,399)
(365,282)
Net current liabilities
(432,890)
(354,179)
Net assets/(liabilities)
11,372
(1,632)
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,272
(1,732)
Shareholders' funds
11,372
(1,632)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 12 December 2025 and were signed on its behalf by
Daniel Brooks Director Company Registration No. 13386961
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Madder Properties Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Madder Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13386961. The registered office is JHW Azoth Ltd, 13 The Close, Norwich, Norfolk, NR1 4DS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 June 2024
352,547
Additions
91,715
At 31 May 2025
444,262
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Madder Properties Limited Notes to the Accounts for the year ended 31 May 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
2,429
-
Loans from directors
442,130
364,482
Accruals
840
800
445,399
365,282
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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