McCarthy Property Services Limited - Accounts to registrar (filleted) - small 18.2

McCarthy Property Services Limited - Accounts to registrar (filleted) - small 18.2

MCCARTHY PROPERTY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 05882723















Unaudited Financial Statements for the Year Ended 30 September 2021

for

McCarthy Property Services Limited
McCarthy Property Services Limited (Registered number: 05882723)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCarthy Property Services Limited

Company Information
for the Year Ended 30 September 2021







DIRECTORS: K D McCarthy
Mrs J L McCarthy





SECRETARY: Mrs J L McCarthy





REGISTERED OFFICE: The Small House
Siston Court
Siston Lane
Bristol
BS16 9LU





REGISTERED NUMBER: 05882723





ACCOUNTANTS: P B Accountancy Ltd
17 Duckmoor Road
Ashton
Bristol
BS3 2DD
Page 1
McCarthy Property Services Limited (Registered number: 05882723)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,409 -
Tangible assets 5 7,551 10,196
Investment property 6 2,300,000 2,300,000
2,337,960 2,310,196

CURRENT ASSETS
Debtors 7 46,315 51,326
Cash at bank 27,164 38,509
73,479 89,835
CREDITORS
Amounts falling due within one year 8 291,212 445,358
NET CURRENT LIABILITIES (217,733 ) (355,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,120,227
1,954,673

CREDITORS
Amounts falling due after more than one
year
9
965,800
845,300
NET ASSETS 1,154,427 1,109,373

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 548,147 548,147
Retained earnings 606,180 561,126
SHAREHOLDERS' FUNDS 1,154,427 1,109,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
McCarthy Property Services Limited (Registered number: 05882723)

Balance Sheet - continued
30 September 2021


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 Board of Directors and authorised for issue on 6 May 2022 and were signed on its behalf by:




K D McCarthy - Director



Mrs J L McCarthy - Director


The notes form part of these financial statements

Page 3
McCarthy Property Services Limited (Registered number: 05882723)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

McCarthy Property Services Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income receivable for the year.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 32,010
At 30 September 2021 32,010
AMORTISATION
Charge for year 1,601
At 30 September 2021 1,601
NET BOOK VALUE
At 30 September 2021 30,409

Page 4 continued...
McCarthy Property Services Limited (Registered number: 05882723)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 55,108
DEPRECIATION
At 1 October 2020 44,912
Charge for year 2,645
At 30 September 2021 47,557
NET BOOK VALUE
At 30 September 2021 7,551
At 30 September 2020 10,196

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2020
and 30 September 2021 2,300,000
NET BOOK VALUE
At 30 September 2021 2,300,000
At 30 September 2020 2,300,000

Fair value at 30 September 2021 is represented by:
£   
Valuation in 2020 2,300,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade debtors 46,315 51,326

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts 35,373 -
Trade creditors 1,370 -
Taxation and social security 139,732 160,222
Other creditors 114,737 285,136
291,212 445,358

Page 5 continued...
McCarthy Property Services Limited (Registered number: 05882723)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.21 30.9.20
£    £   
Bank loans 965,800 845,300

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.21 30.9.20
£    £   
Bank loans 1,001,173 845,300

The bank loans are secured by a charge over the property owned by the company and over assets owned personally by the Director.

11. RESERVES
Fair
value
reserve
£   
At 1 October 2020
and 30 September 2021 548,147

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21 30.9.20
£    £   
K D McCarthy and Mrs J L McCarthy
Balance outstanding at start of year (282,936 ) (283,149 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (112,467 ) (282,936 )

Page 6