Company Registration No. 12454662 (England and Wales)
Maden Property Assets Limited
Unaudited accounts
for the year ended 31 October 2025
Maden Property Assets Limited
Unaudited accounts
Contents
Maden Property Assets Limited
Company Information
for the year ended 31 October 2025
Directors
S T Maden
A T Maden
Company Number
12454662 (England and Wales)
Registered Office
Eco House
Kings Mount
Ramparts Business Park
Berwick-upon-Tweed
Northumberland
TD15 1TQ
England
Accountants
Graham Reid Accountancy
Industrial Estate
Coldingham Road
Eyemouth
TD14 5AN
Maden Property Assets Limited
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
90,388
5,894
Creditors: amounts falling due within one year
(90,384)
(644,859)
Net current assets
4
17,337
Called up share capital
4
4
Profit and loss account
-
17,333
Shareholders' funds
4
17,337
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by
A T Maden
Director
Company Registration No. 12454662
Maden Property Assets Limited
Notes to the Accounts
for the year ended 31 October 2025
Maden Property Assets Limited is a private company, limited by shares, registered in England and Wales, registration number 12454662. The registered office is Eco House, Kings Mount, Ramparts Business Park, Berwick-upon-Tweed, Northumberland, TD15 1TQ, England. The company is in the process of being wound up.
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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.
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.
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. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
The following assets and liabilities are classified as financial instruments - group company creditors, group company debtors, bank loans and accruals.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.
Group company creditors, group company debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Maden Property Assets Limited
Notes to the Accounts
for the year ended 31 October 2025
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
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.
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Since the year end, the directors have taken the decision to commence the process of winding up the company.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
456,302
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
115,680
Amounts owed to group undertakings and other participating interests
72,298
527,003
Taxes and social security
16,086
176
The bank loan is secured by way of a registered charge dated 08/09/2020.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).