Mark David Properties Ltd Accounts






Mark David Properties Ltd

	Company No. 04561400
		Information for Filing with The Registrar
		28 February 2026

at	28 February 2026
Company No.		04561400	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	1,309	1,747
	Investment property		6	165,000	165,000

				166,309	166,747
Current assets

	Debtors		7	1,301	-

	Cash at bank and in hand			13,668	10,976
				14,969	10,976
Creditors: Amount falling due within one year			8	(35,102)	(41,079)
Net current liabilities				(20,133)	(30,103)
Total assets less current liabilities				146,176	136,644
Creditors: Amounts falling due after more than one year			9	-	(733)
Provisions for liabilities
	Deferred taxation		10	(2,993)	(2,993)

Net assets				143,183	132,918

Capital and reserves
	Called up share capital			200	200

	Other reserve		12	12,761	12,761

	Profit and loss account		12	130,222	119,957

Total equity				143,183	132,918



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 28 February 2026 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 August 2026 and signed on its behalf by:
D.A. Shakeshaft
Director
24 August 2026

for the year ended 28 February 2026

General information

Mark David Properties Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04561400

Its registered office is:

11 Armley Grange Walk

Armley

Leeds

LS12 3QW

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Accounting policies

Revenue recognition

Turnover comprises the fair value of rents received in the ordinary course of the company's activities.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	2,511	3,974

		Total corporation tax	2,511	3,974

		Origination and reversal of timing differences	-	(5,870)

		Total deferred tax	-	(5,870)

		Tax on profit on ordinary activities	2,511	(1,896)

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-683	£	£
		Profit on ordinary activities before tax	12,776	19,680

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	3,194	4,920
		Expenses not deductible for tax purposes	(683)	(6,816)




		Tax on profit on ordinary activities	2,511	(1,896)

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 March 2025	9,558	25,194	34,752




		At 28 February 2026	9,558	25,194	34,752
		Depreciation
		At 1 March 2025	8,952	24,053	33,005
		Charge for the year	152	286	438



		At 28 February 2026	9,104	24,339	33,443
		Net book values
		At 28 February 2026	454	855	1,309
		At 28 February 2025	606	1,141	1,747

6	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 March 2025	165,000



		At 28 February 2026	165,000

		Investment property is valued in accordance with FRS102 provided such property can be measured reliably and if so it shall be measured at fair value each reporting date with changes to fair value recognised in profit or loss. There has been no valuation of investment property by an independent valuer.

7	Debtors
			2026	2025
			£	£






		Other debtors	1,301	-

			1,301	-

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	546	1,500


		Trade creditors	975	1,940

		Taxes and social security	2,501	3,937
		Loans from directors	30,000	-
		Other creditors	-	32,549
		Accruals and deferred income	1,080	1,153
			35,102	41,079

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	-	733






			-	733

10	Deferred taxation
			Arising from revaluation	Total
			£	£
		At 1 March 2025	2,993	2,993


		At 28 February 2026	2,993	2,993

Share Capital

The allotted called up and fully paid share capital consists of 100 ordinary shares of £1 each.

12	Reserves
			Other Reserve	Total other reserves
			£	£
		At 1 March 2024	37,782	37,782
		Movement on revaluation reserve	(30,891)	(30,891)
		Deferred taxation	5,870	5,870

		At 28 February 2025 and 1 March 2025	12,761	12,761



		At 28 February 2026	12,761	12,761

		Other reserve - is a non-distributable reserve.


		Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with directors

As at the year end the company owed the directors £30,000 (2025 nil).

Transactions with related parties

During the year the company entered into transactions with companies who have common directors and /or shareholders.

Management charge payable £10,000 (2025 nil)

Amount due from related party company £1,301 (2025 £32,549 due to related party company.)