Company Registration No. 11676584 (England and Wales)
Maden Property Developments (cornhill Rd) Ltd
Unaudited accounts
for the year ended 31 October 2025
Maden Property Developments (cornhill Rd) Ltd
Unaudited accounts
Contents
Maden Property Developments (cornhill Rd) Ltd
Company Information
for the year ended 31 October 2025
Directors
S T Maden
A T Maden
Company Number
11676584 (England and Wales)
Registered Office
Maden Eco Ltd
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 Developments (cornhill Rd) Ltd
Statement of financial position
as at 31 October 2025
Inventories
2,063,052
1,465,081
Cash at bank and in hand
1,436,122
626,234
Creditors: amounts falling due within one year
(1,240,630)
(1,392,119)
Net current assets
2,261,815
1,197,337
Net assets
2,261,815
1,197,337
Called up share capital
2
2
Profit and loss account
2,261,813
1,197,335
Shareholders' funds
2,261,815
1,197,337
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 24 July 2026 and were signed on its behalf by
A T Maden
Director
Company Registration No. 11676584
Maden Property Developments (cornhill Rd) Ltd
Notes to the Accounts
for the year ended 31 October 2025
Maden Property Developments (cornhill Rd) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11676584. The registered office is Maden Eco Ltd, Eco House, Kings Mount, Ramparts Business Park, Berwick-upon-Tweed, Northumberland, TD15 1TQ, England.
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.
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 cenvention.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- The amount of revenue can be reliably measured;
- It is probable that future economic benefits will flow to the entity; and
- Specific criteria have been met for each of the company's activities.
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 loans, bank loans, trade debtors and accruals.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently amortised cost using the effective interest method.
Group company loans, trade 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 Developments (cornhill Rd) Ltd
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.
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
494,007
5
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
861,353
1,291,143
Taxes and social security
354,826
89,476
Other creditors
22,951
10,000
Homes England hold security over the land at Cornhill Road, Berwick-Upon-Tweed.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).