Company Registration No. 11604992 (England and Wales)
M K & Sons Properties Ltd
Unaudited accounts
for the year ended 31 October 2025
M K & Sons Properties Ltd
Unaudited accounts
Contents
M K & Sons Properties Ltd
Company Information
for the year ended 31 October 2025
Directors
Modestas Kurpeikis
Kristina Alsyte
Company Number
11604992 (England and Wales)
Registered Office
112-113 High Street
Lincoln
Lincolnshire
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
M K & Sons Properties Ltd
Statement of financial position
as at 31 October 2025
Investment property
884,287
884,287
Cash at bank and in hand
3,754
4,807
Creditors: amounts falling due within one year
(17,832)
(14,264)
Net current assets
17,686
23,543
Total assets less current liabilities
902,943
909,042
Creditors: amounts falling due after more than one year
(663,214)
(674,048)
Net assets
239,729
234,994
Called up share capital
100
100
Revaluation reserve
226,195
226,195
Profit and loss account
13,434
8,699
Shareholders' funds
239,729
234,994
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 21 July 2026 and were signed on its behalf by
Modestas Kurpeikis
Director
Company Registration No. 11604992
M K & Sons Properties Ltd
Notes to the Accounts
for the year ended 31 October 2025
M K & Sons Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11604992. The registered office is 112-113 High Street, Lincoln, Lincolnshire, LN5 7PY, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
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.
M K & Sons Properties Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 November 2024
884,287
At 31 October 2025
884,287
All four properties after renovation are classified as buy-to-let properties with 75% loan to value liabilities attached.
The valuations have been carried out in support of the loans by qualified staff of the funding facilities.
Valuation of properties = £843,667 + revaluations = £40,620
Market value £884,287 supporting the loans of some £663,214
(75% loan to value)
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
35,350
33,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,670
2,750
Taxes and social security
3,599
-
Loans from directors
723
674
A £10,000 liability being the amount falling due within 12 months of the bounce back loan becoming live
£50,000 Original loan in total
M K & Sons Properties Ltd
Notes to the Accounts
for the year ended 31 October 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
663,214
674,048
Interest only buy-to-let loans have been obtained to the value of £663,214 representing 75% of the market valuation of the properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).