Mac and Paulo Developments Ltd Filleted accounts for Companies House (small and micro)

MAC AND PAULO DEVELOPMENTS LTD - Company Information

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COMPANY REGISTRATION NUMBER: SC526636

Mac and Paulo Developments Ltd

Filleted Unaudited Financial Statements

28 February 2018

Mac and Paulo Developments Ltd

Statement of Financial Position

28 February 2018

			Period from
	Year to		11 Feb 16 to
	28 Feb 18		28 Feb 17
	£	£	£
Current assets	50,690		1,349,577
Prepayments and accrued income	–		506
	--------		------------
		50,690	1,350,083

Creditors: amounts falling due within one year	49,241	670,646
	--------	------------
Net current assets	1,449	679,437
	-------	---------
Total assets less current liabilities	1,449	679,437

Creditors: amounts falling due after more than one year		–	735,242

Accruals and deferred income	1,250	6,607
	-------	---------
	199	(62,412)
	-------	---------

Capital and reserves	199	( 62,412)
	----	--------

Notes to the financial statements

1. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Paulo	( 394,919)	494,283	( 97,309)	2,055
Mr C MacKinnon	( 340,323)	429,000	( 68,940)	19,737
	---------	---------	---------	--------
	( 735,242)	923,283	( 166,249)	21,792
	---------	---------	---------	--------

	2017
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Paulo	–	21,997	( 416,916)	( 394,919)
Mr C MacKinnon	–	9,100	( 349,423)	( 340,323)
	----	--------	---------	---------
	–	31,097	( 766,339)	( 735,242)
	----	--------	---------	---------

For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 30 November 2018 , and are signed on behalf of the board by:

Mr C MacKinnon
Director

Company registration number: SC526636

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 32 North West Circus Place, Edinburgh, EH3 6TP, United Kingdom.