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REGISTERED NUMBER: 06757537 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2018

for

McCarrick Homes Ltd

McCarrick Homes Ltd (Registered number: 06757537)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCarrick Homes Ltd

Company Information
for the Year Ended 30 June 2018







DIRECTORS: M McCarrick Esq
Mrs L N McCarrick
K Alderslade
T Pearce
M J McCarrick





SECRETARY:





REGISTERED OFFICE: The Turnpark
Station Road
Chester-le-Street
Durham
DH3 3DU





REGISTERED NUMBER: 06757537 (England and Wales)





ACCOUNTANTS: JN Straughan & Co.
Chartered Accountants
1st Floor, Portland House
Belmont Business Park
Durham
DH1 1TW

McCarrick Homes Ltd (Registered number: 06757537)

Balance Sheet
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 280 329
Investment property 4 2,403,296 2,578,296
2,403,576 2,578,625

CURRENT ASSETS
Debtors 5 21,625 22,225
Cash at bank 39,481 45,941
61,106 68,166
CREDITORS
Amounts falling due within one year 6 44,308 61,893
NET CURRENT ASSETS 16,798 6,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,420,374

2,584,898

CREDITORS
Amounts falling due after more than one
year

7

1,378,344

1,645,360
NET ASSETS 1,042,030 939,538

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,041,930 939,438
SHAREHOLDERS' FUNDS 1,042,030 939,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

McCarrick Homes Ltd (Registered number: 06757537)

Balance Sheet - continued
30 June 2018


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 24 October 2018 and were signed on its behalf by:





M J McCarrick - Director


McCarrick Homes Ltd (Registered number: 06757537)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

McCarrick Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amount receivable in respect of rental income and is not subject to VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation
is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

McCarrick Homes Ltd (Registered number: 06757537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2017
and 30 June 2018 1,153
DEPRECIATION
At 1 July 2017 824
Charge for year 49
At 30 June 2018 873
NET BOOK VALUE
At 30 June 2018 280
At 30 June 2017 329

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017 2,578,296
Additions 240,000
Disposals (415,000 )
At 30 June 2018 2,403,296
NET BOOK VALUE
At 30 June 2018 2,403,296
At 30 June 2017 2,578,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 21,175 22,225
Other debtors 450 -
21,625 22,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 21,175 22,225
Taxation and social security 10,759 26,734
Other creditors 12,374 12,934
44,308 61,893

McCarrick Homes Ltd (Registered number: 06757537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Amounts owed to group undertakings 1,378,344 1,645,360

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
McCarrick Construction Co Ltd 1,378,344 1,645,360

The amount owed to group undertakings of £1,378,344 (2017 £1,645,360) is secured on the Investment
Properties held by the company.

9. RELATED PARTY DISCLOSURES

At 30th June 2017 amounts owed to McCarrick Construction Company Limited amounted to £1,378,344 (2017:
£1,645,360).