DAVID MCARDLE LIMITED


Directors	MCARDLE, David John
	MCARDLE, Jessica Adele


Registered Address	Park Lane Depot Park Lane
	Balne
	Goole
	DN14 0EP


Registered Number	12985773 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		760,008		465,000
			760,008		465,000
Current assets
Debtors	4	100		100
Cash at bank and on hand		12,103		11,853
		12,203		11,953
Creditors amounts falling due within one year	5	(7,788)		(4,951)
Net current assets (liabilities)			4,415		7,002
Total assets less current liabilities			764,423		472,002
Creditors amounts falling due after one year	6		(664,048)		(379,370)
Provisions for liabilities	9		(14,980)		(14,980)
Net assets			85,395		77,652
Capital and reserves
Called up share capital			100		100
Revaluation reserve			63,849		63,849
Profit and loss account			21,446		13,703
Shareholders' funds	10		85,395		77,652

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 April 2026, and are signed on its behalf by:

MCARDLE, David John
Director
Registered Company No. 12985773

DAVID MCARDLE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the revaluation reserve.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings are secured on the investment properties.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	The investment property was valued by the directors on 31 December 2025 on an open market value for existing use basis. The historical cost of the property was £681,179 (2024: £386,171).


		£
	Fair value at 01 January 25	465,000
	Additions	295,008
	At 31 December 25	760,008

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	100	100
Total	100	100

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,121	2,011
Taxation and social security	1,528	-
Other creditors	2,400	1,200
Accrued liabilities and deferred income	1,739	1,740
Total	7,788	4,951

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	178,057	180,170
Other creditors	485,991	199,200
Total	664,048	379,370

7.	Creditors: amounts due after 5 years
	Mortgage loans to purchase investment properties outstanding at the year-end include instalments due after more than five years of £169,575 (2024: £178,160).

8.	Secured creditors
	The bank borrowings are mortgage loans secured on the investment properties to which they relate.

9.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. Deferred tax arises from the fair value revaluation of investment property.

	2025	2024
	£	£
Net deferred tax liability (asset)	14,980	14,980
Total	14,980	14,980

10.	Revaluation reserve
	The revaluation reserve represents the amount of unrealised surplus created when the investment property was revalued. The reserve represents non-distributable funds.


		£
	Reserve at 01 January 25	63,849
	At 31 December 25	63,849

11.	Related party transactions
	Included within other creditors, due after more than one year, is a balance of £432,791 (2024: £146,000) which is made up of an interest free loan from a company of which one of the directors of this company is also a director.