M&S Property Services (York) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04925866

M&S Property Services (York) Ltd

Filleted Unaudited Financial Statements

31 December 2025

M&S Property Services (York) Ltd

Balance Sheet

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	38,625	55,125
Tangible assets	6	9,810	10,530
		--------	--------
		48,435	65,655

Current assets

Debtors	7	22,451	24,185
Cash at bank and in hand		257,616	167,773
		---------	---------
		280,067	191,958

Creditors: amounts falling due within one year	8	( 87,755)		( 97,499)
		---------		---------
Net current assets			192,312		94,459
			---------		---------
Total assets less current liabilities			240,747		160,114

Creditors: amounts falling due after more than one year	9		–		( 4,409)

Provisions

Taxation including deferred tax	( 2,452)	( 2,485)
	---------	---------
Net assets	238,295	153,220
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	238,195	153,120
	---------	---------
Shareholders funds	238,295	153,220
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

M&S Property Services (York) Ltd

Balance Sheet (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 2 June 2026 , and are signed on behalf of the board by:

A Parrish
Director

Company registration number: 04925866

M&S Property Services (York) Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 64 Micklegate, York, YO1 6LF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20% straight line
Franchise fee	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Office equipment	-	25% reducing balance
Leasehold improvements	-	Over the period of the lease

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade or other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).

5. Intangible assets

	Goodwill	Franchise fee	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	116,450	18,500	134,950
	---------	--------	---------
Amortisation
At 1 January 2025	61,325	18,500	79,825
Charge for the year	16,500	–	16,500
	---------	--------	---------
At 31 December 2025	77,825	18,500	96,325
	---------	--------	---------
Carrying amount
At 31 December 2025	38,625	–	38,625
	---------	--------	---------
At 31 December 2024	55,125	–	55,125
	---------	--------	---------

6. Tangible assets

	Fixtures & fittings	Office equipment	Leasehold improvements	Total
	£	£	£	£
Cost
At 1 January 2025	7,575	31,108	17,273	55,956
Additions	229	1,795	–	2,024
	-------	--------	--------	--------
At 31 December 2025	7,804	32,903	17,273	57,980
	-------	--------	--------	--------
Depreciation
At 1 January 2025	5,646	22,507	17,273	45,426
Charge for the year	298	2,446	–	2,744
	-------	--------	--------	--------
At 31 December 2025	5,944	24,953	17,273	48,170
	-------	--------	--------	--------
Carrying amount
At 31 December 2025	1,860	7,950	–	9,810
	-------	--------	--------	--------
At 31 December 2024	1,929	8,601	–	10,530
	-------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	–	2,241
Other debtors	22,451	21,944
	--------	--------
	22,451	24,185
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,409	10,397
Trade creditors	4,053	3,427
Social security and other taxes	76,829	81,469
Other creditors	2,464	2,206
	--------	--------
	87,755	97,499
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	4,409
	----	-------