REGISTERED NUMBER: 13136895 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

AK NORTH EAST PROPERTY SPECIALIST LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R Kelly

REGISTERED OFFICE:

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

13136895 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

7,306

-

Investment property

5

1,356,901

601,647

1,364,207

601,647

CURRENT ASSETS

Debtors

6

1,181

12,064

Cash at bank

16,506

3,953

17,687

16,017

CREDITORS

Amounts falling due within one year

7

38,434

53,184

NET CURRENT LIABILITIES

(20,747

)

(37,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,343,460

564,480

CREDITORS

Amounts falling due after more than one year

8

(887,754

)

(585,570

)

PROVISIONS FOR LIABILITIES

(122,344

)

-

NET ASSETS/(LIABILITIES)

333,362

(21,090

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

367,032

-

Retained earnings

(33,770

)

(21,190

)

333,362

(21,090

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2026 and were signed by:

A R Kelly - Director

1.	STATUTORY INFORMATION

AK North East Property Specialist Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,600

At 31 January 2026

7,600

DEPRECIATION

Charge for year

294

At 31 January 2026

294

NET BOOK VALUE

At 31 January 2026

7,306

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

601,647

Additions

265,878

Revaluations

489,376

At 31 January 2026

1,356,901

NET BOOK VALUE

At 31 January 2026

1,356,901

At 31 January 2025

601,647

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

489,376

Cost

867,525

1,356,901

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,181

12,064

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

38,434

53,184

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

887,754

585,570

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

824,607

522,423

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

903,540

601,355

10.

RESERVES

Revaluation

reserve

£

Transfer from/to FV reserve

489,376

Deferred tax on revaluation

(122,344

)

At 31 January 2026

367,032