4 December 2024 false No description of principal activity Taxfiler 2024.6 16117764 business:PrivateLimitedCompanyLtd 2024-12-04 2025-12-31 16117764 2024-12-03 16117764 2024-12-04 2025-12-31 16117764 business:AuditExempt-NoAccountantsReport 2024-12-04 2025-12-31 16117764 business:FilletedAccounts 2024-12-04 2025-12-31 16117764 2025-12-31 16117764 core:WithinOneYear 2025-12-31 16117764 core:AfterOneYear 2025-12-31 16117764 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 16117764 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 16117764 core:PreviouslyStatedAmount 2025-12-31 16117764 business:SmallEntities 2024-12-04 2025-12-31 16117764 business:Director1 2024-12-04 2025-12-31 16117764 countries:EnglandWales 2024-12-04 2025-12-31 16117764 business:RegisteredOffice 2024-12-04 2025-12-31 iso4217:GBP xbrli:pure
Morkunas Properties Ltd Statement of financial position as at 31 December 2025
2025
Notes
£
Fixed assets
Investment property
4
120,000
Current assets
Cash at bank and in hand
5,538
Creditors: amounts falling due within one year
5
(45,736)
Net current liabilities
(40,198)
Total assets less current liabilities
79,802
Creditors: amounts falling due after more than one year
6
(89,414)
Net liabilities
(9,612)
Capital and reserves
Called up share capital
1
Profit and loss account
(9,613)
Shareholders' funds
(9,612)
For the period ending 31 December 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 5 March 2026 and were signed on its behalf by
MORKUNAS Daumantas Director Company Registration No. 16117764
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Morkunas Properties Ltd Notes to the Accounts for the period from 4 December 2024 to 31 December 2025
1
Statutory information
Morkunas Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 16117764. The registered office is 4 Thorpe Mount, Leeds, West Yorkshire, LS10 4JR, 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
These financial statements for the period from 4 December 2024 to 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 4 December 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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.
4
Investment property
2025
£
Additions
120,000
At 31 December 2025
120,000
5
Creditors: amounts falling due within one year
2025
£
Loans from directors
45,736
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
89,414
7
Average number of employees
During the period the average number of employees was 0.
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