MCK Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12653965 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

MCK HOLDINGS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

M B Mckay

L G Mckay

REGISTERED OFFICE:

2 Grosvenor Mews

Rawdon

Leeds

West Yorkshire

LS19 6SD

REGISTERED NUMBER:

12653965 (England and Wales)

ACCOUNTANTS:

Smith Turner Chartered Accountants

Unit 7, Courtyard 31

Pontefract Road

Normanton

WF6 1JU

FIXED ASSETS

Investment property

4

650,000

635,000

CURRENT ASSETS

Cash at bank

5,455

4,291

CREDITORS

Amounts falling due within one year

5

(114,440

)

(114,246

)

NET CURRENT LIABILITIES

(108,985

)

(109,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

541,015

525,045

CREDITORS

Amounts falling due after more than one year

6

(393,450

)

(393,450

)

PROVISIONS FOR LIABILITIES

(26,719

)

(24,508

)

NET ASSETS

120,846

107,087

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

7

113,908

104,480

Retained earnings

6,936

2,605

120,846

107,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 27th March 2024 and were signed on its behalf by:

M B Mckay - Director

1.	STATUTORY INFORMATION

MCK Holdings 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.

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 2 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2022

635,000

Additions

3,360

Revaluations

11,640

At 30th June 2023

650,000

NET BOOK VALUE

At 30th June 2023

650,000

At 30th June 2022

635,000

Fair value at 30th June 2023 is represented by:

£

Valuation in 2021

119,124

Valuation in 2022

9,863

Valuation in 2023

11,640

Cost

509,373

650,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/23

30/6/22

£

£

Taxation and social security

1,016

611

Other creditors

113,424

113,635

114,440

114,246

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/23

30/6/22

£

£

Bank loans

393,450

393,450

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

393,450

393,450

7.

RESERVES

Fair

value

reserve

£

At 1st July 2022

104,480

Fair value adjustment

9,428

At 30th June 2023

113,908

8.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £112,451 owing to the directors of the company. No interest is being charged on this amount, and there are no fixed terms for repayment.