Macavity Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04276497 (England and Wales)

Unaudited Financial Statements for the Year Ended 23 December 2021

for

Macavity Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Padley

Mr C M Fell

SECRETARY:

Mrs A Padley

REGISTERED OFFICE:

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

REGISTERED NUMBER:

04276497 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Investments

4

99

99

Investment property

5

510,000

510,000

510,099

510,099

CURRENT ASSETS

Debtors

6

1,108

-

Cash at bank

57,798

45,276

58,906

45,276

CREDITORS

Amounts falling due within one year

7

(73,962

)

(26,554

)

NET CURRENT (LIABILITIES)/ASSETS

(15,056

)

18,722

TOTAL ASSETS LESS CURRENT LIABILITIES

495,043

528,821

CREDITORS

Amounts falling due after more than one year

8

-

(49,901

)

NET ASSETS

495,043

478,920

CAPITAL AND RESERVES

Called up share capital

198

198

Retained earnings

494,845

478,722

495,043

478,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 December 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 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 25 August 2022 and were signed on its behalf by:

Mr J Padley - Director

1.	STATUTORY INFORMATION

Macavity Properties 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 24 December 2020

and 23 December 2021

99

NET BOOK VALUE

At 23 December 2021

99

At 23 December 2020

99

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 24 December 2020

and 23 December 2021

510,000

NET BOOK VALUE

At 23 December 2021

510,000

At 23 December 2020

510,000

The directors have valued the investment property at a fair value of £510,000 (2020 - £510,000) as at 23 December 2021 based on market information.

The historical cost of the property is £547,395 (2020 - £547,395).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,108

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

10,000

10,000

Amounts owed to group undertakings

6,785

6,785

Taxation and social security

4,836

6,739

Other creditors

52,341

3,030

73,962

26,554

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

-

49,901