REGISTERED NUMBER: 12529412 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Michael Cuddy Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J M Cuddy

REGISTERED OFFICE:

290 Church Street

Blackpool

Lancashire

FY1 3QA

REGISTERED NUMBER:

12529412 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

60,000

72,000

Tangible assets

5

9,615

1,209

69,615

73,209

CURRENT ASSETS

Debtors

6

11,020

14,203

Cash at bank

5,533

6,065

16,553

20,268

CREDITORS

Amounts falling due within one year

7

37,951

30,184

NET CURRENT LIABILITIES

(21,398

)

(9,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,217

63,293

PROVISIONS FOR LIABILITIES

342

261

NET ASSETS

47,875

63,032

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,775

62,932

47,875

63,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2026 and were signed by:

Mr J M Cuddy - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

120,000

AMORTISATION

At 1 April 2025

48,000

Amortisation for year

12,000

At 31 March 2026

60,000

NET BOOK VALUE

At 31 March 2026

60,000

At 31 March 2025

72,000

5.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

Computer

property

& equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2025

-

3,051

583

3,634

Additions

16,122

-

862

16,984

At 31 March 2026

16,122

3,051

1,445

20,618

DEPRECIATION

At 1 April 2025

-

2,026

399

2,425

Charge for year

8,061

256

261

8,578

At 31 March 2026

8,061

2,282

660

11,003

NET BOOK VALUE

At 31 March 2026

8,061

769

785

9,615

At 31 March 2025

-

1,025

184

1,209

Fixed assets, included in the above, which are held under finance leases are as follows:

Freehold

property

£

COST

Additions

16,122

At 31 March 2026

16,122

DEPRECIATION

Charge for year

8,061

At 31 March 2026

8,061

NET BOOK VALUE

At 31 March 2026

8,061

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

8,581

4,000

Directors' loan accounts

-

7,915

Prepayments

2,439

2,288

11,020

14,203

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Finance leases

8,382

-

Trade creditors

2,187

2,187

Tax

18,341

19,923

Social security and other taxes

5,513

4,649

Directors' loan accounts

492

-

Accrued expenses

3,036

3,425

37,951

30,184

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr J M Cuddy

Balance outstanding at start of year

7,914

17,364

Amounts advanced

64,399

53,050

Amounts repaid

(72,805

)

(62,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(492

)

7,914