McMullen Wilson Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06389775

Unaudited Financial Statements for the Year Ended 31 October 2018

for

McMullen Real Estate Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

S McMullen

S Wilson

SECRETARY:

S McMullen

REGISTERED OFFICE:

Third Floor, Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

REGISTERED NUMBER:

06389775

ACCOUNTANTS:

Havard & Associates

Third Floor, Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

FIXED ASSETS

Tangible assets

4

146,768

49,843

CURRENT ASSETS

Debtors

5

293,482

834,555

Cash at bank and in hand

434,134

1,011,467

727,616

1,846,022

CREDITORS

Amounts falling due within one year

6

87,433

336,951

NET CURRENT ASSETS

640,183

1,509,071

TOTAL ASSETS LESS CURRENT LIABILITIES

786,951

1,558,914

PROVISIONS FOR LIABILITIES

(7,879

)

(7,879

)

ACCRUALS AND DEFERRED INCOME

(5,775

)

(5,500

)

NET ASSETS

773,297

1,545,535

CAPITAL AND RESERVES

Called up share capital

183

183

Retained earnings

7

773,114

1,545,352

SHAREHOLDERS' FUNDS

773,297

1,545,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 July 2019 and were signed on its behalf by:

S McMullen - Director

1.	STATUTORY INFORMATION

McMullen Real Estate 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 20% 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.

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 17 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

165,113

Additions

120,893

Transfer to ownership

(832

)

At 31 October 2018

285,174

DEPRECIATION

At 1 November 2017

115,270

Charge for year

23,436

Eliminated on disposal

(300

)

At 31 October 2018

138,406

NET BOOK VALUE

At 31 October 2018

146,768

At 31 October 2017

49,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

241,027

789,239

Other debtors

52,455

45,316

293,482

834,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

9,719

947

Taxation and social security

74,714

331,769

Other creditors

3,000

4,235

87,433

336,951

7.

RESERVES

Retained

earnings

£

At 1 November 2017

1,545,352

Deficit for the year

(439,238

)

Dividends

(333,000

)

At 31 October 2018

773,114