Medburn Property Number 3 Ltd

Unaudited Financial Statements
for the year ended 30 June 2026

Company registration number 14158974

(England and Wales)

Statement of Financial Position

As at 30 June 2026

Notes

2026

2025

£

Fixed assets

Tangible assets

4

14,801

1,528

Investment property

2,710,000

1,510,000

2,724,801

1,511,528

Current assets

Debtors

6

50,218

150,473

Cash at bank and in hand

42,480

612

92,698

151,085

Creditors

Amounts falling due within one year

7

(1,215,401)

(840,323)

(1,215,401)

(840,323)

Net current assets (liabilities)

(1,122,703)

(689,238)

Total assets less current liabilities

1,602,098

822,290

Creditors

Amounts falling due after one year

8

(351,063)

(356,019)

(351,063)

(356,019)

Provisions for liabilities

9

(310,019)

(126,139)

Net assets (liabilities)

941,016

340,132

Capital and reserves

Called up share capital

100

Revaluation reserve

930,057

378,417

Profit and loss account

10,859

(38,385)

Total equity

941,016

340,132

The company is a private company limited by shares and registered in England and Wales. It 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 7 October 2026 and are signed on its behalf by:

Brown, Anthony

Director

Company registration number 14158974

Notes to the Financial Statements

For the year ended 30 June 2026

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

2.3. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

2.4. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate

Method

%

Plant and machinery

15

Reducing balance

Motor vehicles

25

Reducing balance

Fixtures and fittings

15

Reducing balance

Office and computer equipment

15

Reducing balance

2.5. Investment property

The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

3. Employees

The average number of employees during the year was 0 (2025: 0).

4. Tangible fixed assets

Plant and machinery

Motor vehicles

Fixtures and fittings

Office equipment

Total

£

Cost

At 1 July 2025

391

-

1,362

250

2,003

Additions

-

18,000

-

18,000

At 30 June 2026

391

18,000

1,362

250

20,003

Depreciation and impairment

At 1 July 2025

59

-

378

38

475

Charge for the period

49

4,500

147

31

4,727

At 30 June 2026

108

4,500

525

69

5,202

Net book value

At 30 June 2026

283

13,500

837

181

14,801

At 30 June 2025

332

-

984

212

1,528

5. Investment property

Valuation

£

At 1 July 2025

1,510,000

Additions

464,481

Fair value adjustments

735,519

At 30 June 2026

2,710,000

6. Debtors

2026

2025

£

Other debtors

48,661

13,022

Prepayments and accrued income

1,557

137,451

Total due within one year

50,218

150,473

Total due after one year

-

Total

50,218

150,473

7. Creditors due within one year

2026

2025

£

Bank loans and overdrafts

29,525

Trade creditors

11,449

26,679

Amounts owed to group undertakings

358,062

50,504

Other creditors

642,395

556,017

Directors loan account

168,515

176,098

Taxation and social security

3,880

-

Accruals and deferred income

1,575

1,500

Total

1,215,401

840,323

8. Creditors due after one year

2026

2025

£

Other creditors

351,063

356,019

Total

351,063

356,019

9. Provisions for liabilities

2026

2025

£

Deferred tax

310,019

126,139

Total

310,019

126,139

Registered office	The Manor House
	Medburn
	Newcastle Upon Tyne
	NE20 0JB

Accountant	AWS Accountancy Ltd
	3 Berrymoor Court
	Cramlington
	Northumberland
	NE23 7RZ