| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 |
| FOR |
| NORTH MANCHESTER PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 |
| FOR |
| NORTH MANCHESTER PROPERTIES LIMITED |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NORTH MANCHESTER PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Park House |
| 200 Drake Street |
| Rochdale |
| Lancashire |
| OL16 1PJ |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| BALANCE SHEET |
| 31 MARCH 2026 |
| 2026 | 2025 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment properties | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| BALANCE SHEET - continued |
| 31 MARCH 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| 1. | STATUTORY INFORMATION |
| North Manchester Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents received during the year. |
| Tangible fixed assets |
| Furniture, Fixtures & Fittings | - |
| Investment properties |
| The investment properties relate to properties held to earn rentals and for capital appreciation. The properties are initially measured at cost, including transaction costs.The properties are subsequently measured at fair value. |
| The investment property valuations are based on an open market value and carried out by the directors on a regular basis. Deferred tax and costs to realise property values are provided, where appropriate. |
| 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. |
| Investments |
| Fixed asset investments are included at cost unless there is reasonable certainty that a reliable valuation can be made and fair value can be established. |
| Dividends |
| In order to present a true and fair view the company discloses as a liability the dividend declared and paid after the year end. This dividend is based on the results for the year and consequently the directors believe it is appropriate to account for it in the year it is earned. This is not in accordance with current UK GAAP which requires companies only to account for dividends when paid. |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Change of accounting policy |
| Investments in unlisted shares have always been valued at cost due to the unreliability in establishing fair value which is in accordance with FRS 102 and UK GAAP. |
| However, the directors have recently embarked on a policy of selling properties as they become vacant, which has established reliable fair value to figures which can support the valuations used for revalued properties. |
| This in turn has affected share values of the unlisted investments that have been acquired. The directors are therefore reasonably certain that the value of shares held in connected property companies can be revalued and as such have revalued these investments to fair value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Furniture, |
| Fixtures |
| & Fittings |
| £ |
| COST |
| At 1 April 2025 |
| and 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2025 |
| Revaluations |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 March 2026 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2026 | 118,250 |
| Cost | 170,150 |
| 288,400 |
| The company owns the share capital in the following property management companies at cost : |
| 2026 | 2025 |
| £ | £ |
| Sixth Property Company Limited | (70,000 £1 ordinary shares | ) | 170,150 | 170,150 |
| 170,150 | 170,150 |
| 6. | INVESTMENT PROPERTIES |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2025 |
| Disposals | ( |
) |
| Revaluations | 121,000 |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| Fair value at 31 March 2026 is represented by: |
| £ |
| Valuation in 2026 | 2,362,208 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2026 | 2025 |
| as restated |
| £ | £ |
| Cost | 1,001,709 | 1,159,740 |
| Investment property was valued on a fair value basis on 31 March 2026 by the directors . |
| NORTH MANCHESTER PROPERTIES LIMITED (REGISTERED NUMBER: 02358837) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2026 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| as restated |
| £ | £ |
| Rents receivable |
| Loan to Third Property Co Ltd |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| as restated |
| £ | £ |
| Social security and other tax | 4,700 | - |
| Corporation tax |
| Proposed dividend | 68,640 | 62,920 |
| Other creditors |
| Accrued expenses |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2025 | 2,117,060 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Profit and loss reserve transfer | 29,397 | (29,397 | ) | - |
| At 31 March 2026 | 2,267,363 |