J. & D. Mackintosh (Investments) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01136717 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

J. & D. MACKINTOSH (INVESTMENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Obee

T.G. Obee

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

01136717 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Tangible assets

4

2,630,000

2,550,000

CURRENT ASSETS

Debtors

5

10,806

8,165

Cash at bank

7,478

4,258

18,284

12,423

CREDITORS

Amounts falling due within one year

6

641,711

574,209

NET CURRENT LIABILITIES

(623,427

)

(561,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,006,573

1,988,214

CREDITORS

Amounts falling due after more than one year

7

(479,196

)

(490,462

)

PROVISIONS FOR LIABILITIES

(166,556

)

(163,739

)

NET ASSETS

1,360,821

1,334,013

CAPITAL AND RESERVES

Called up share capital

9

1,500

1,500

Fair value reserve

10

1,073,314

1,034,863

Retained earnings

10

286,007

297,650

1,360,821

1,334,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 21 January 2024 and were signed on its behalf by:

Mrs A Obee - Director

1.	STATUTORY INFORMATION

J. & D. Mackintosh (Investments) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross rents receivable.

Tangible fixed assets and investment properties

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 and 25% on cost

Freehold properties includes investment properties which are valued at fair value. 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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 May 2022

2,550,000

16,697

2,566,697

Additions

38,732

-

38,732

Disposals

-

(5,762

)

(5,762

)

Revaluations

41,268

-

41,268

At 30 April 2023

2,630,000

10,935

2,640,935

DEPRECIATION

At 1 May 2022

-

16,697

16,697

Eliminated on disposal

-

(5,762

)

(5,762

)

At 30 April 2023

-

10,935

10,935

NET BOOK VALUE

At 30 April 2023

2,630,000

-

2,630,000

At 30 April 2022

2,550,000

-

2,550,000

Cost or valuation at 30 April 2023 is represented by:

Land and

buildings

£

Valuation in 2017

985,073

Valuation in 2020

245,000

Valuation in 2021

(31,471

)

Valuation in 2023

41,268

Cost

1,390,130

2,630,000

If freehold properties had not been revalued they would have been included at the following historical cost:

2023

2022

£

£

Cost

1,390,130

1,351,398

Freehold property was valued on a fair value basis on 30 April 2023 by the directors of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

10,806

8,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

11,062

11,062

Taxation and social security

3,870

19,331

Other creditors

626,779

543,816

641,711

574,209

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

479,196

490,462

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

490,258

501,524

Bank loans are secured by charges over certain of the company's properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2023

2022

£

£

500

Ordinary A

£1

500

500

150

Ordinary B

£1

150

150

150

Ordinary C

£1

150

150

350

Ordinary D

£1

350

350

350

Ordinary E

£1

350

350

1,500

1,500

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 May 2022

297,650

1,034,863

1,332,513

Profit for the year

54,948

-

54,948

Dividends

(28,140

)

-

(28,140

)

Transfer between reserves

(38,451

)

38,451

-

At 30 April 2023

286,007

1,073,314

1,359,321