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REGISTERED NUMBER: 00519815 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2018

for

McCarrick Construction Company
Limited

McCarrick Construction Company
Limited (Registered number: 00519815)






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 Construction Company
Limited

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: Mrs M Robson





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





REGISTERED NUMBER: 00519815 (England and Wales)





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

McCarrick Construction Company
Limited (Registered number: 00519815)

Balance Sheet
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,959 115,071
Investments 5 100 100
Investment property 6 16,999 16,999
189,058 132,170

CURRENT ASSETS
Stocks 7 1,229,425 1,052,834
Debtors 8 1,705,041 2,095,088
Investments 9 490,009 584,898
Cash at bank and in hand 385,349 517,100
3,809,824 4,249,920
CREDITORS
Amounts falling due within one year 10 411,832 770,321
NET CURRENT ASSETS 3,397,992 3,479,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,587,050

3,611,769

CREDITORS
Amounts falling due after more than one
year

11

(67,219

)

(3,797

)

PROVISIONS FOR LIABILITIES - (9,244 )
NET ASSETS 3,519,831 3,598,728

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Fair value reserve 13 7,009 7,009
Retained earnings 13 3,511,322 3,590,219
SHAREHOLDERS' FUNDS 3,519,831 3,598,728

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 Construction Company
Limited (Registered number: 00519815)

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 Construction Company
Limited (Registered number: 00519815)

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

1. STATUTORY INFORMATION

McCarrick Construction Company 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount receivable for building work completed and excludes Value Added Tax.
Turnover in respect of the sale of residential properties is recognised at the fair value of the consideration
received or receivable on legal completion of the sale transaction.

Turnover attributable to long term contracts (where the time taken to substantially complete a contract falls into
different accounting periods) is ascertained in a manner appropriate to the stage of completion of the contract
and is linked to the issue of interim contract valuation certificates on each contract.

Amounts receivable in respect of extensions to Leases held by property owners are recognised as turnover in full
at the time that the extension is finalised - consistent with the treatment that would have been adopted had such a
length of lease been included as part of the original sale of the property to the third party following completion
by McCarrick Construction Company Limited.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Stock and work in progress are valued at the lower of cost and estimated selling price less costs to sell as
follows:

Cost incurred in bringing each product to its present location and condition:

Raw Materials - purchase cost on a first in first out basis.

Work in Progress - cost of direct materials , labour and attributable overheads based on a normal level of
activity.

Development land - at cost.

McCarrick Construction Company
Limited (Registered number: 00519815)

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

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and
depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance
charges, are included in creditors.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
Contributions in respect of the Company's defined contribution pension schemes are charged to the profit and
loss account for the year in which they are payable to the schemes.


Current asset investments
Listed current asset investments are stated at fair value determined from statements provided by the Investment
Managers.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2017 - 25 ) .

McCarrick Construction Company
Limited (Registered number: 00519815)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2017 429,793
Additions 127,224
Disposals (76,236 )
At 30 June 2018 480,781
DEPRECIATION
At 1 July 2017 314,722
Charge for year 36,673
Eliminated on disposal (42,573 )
At 30 June 2018 308,822
NET BOOK VALUE
At 30 June 2018 171,959
At 30 June 2017 115,071

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2017 76,236
Additions 103,063
Disposals (76,236 )
At 30 June 2018 103,063
DEPRECIATION
At 1 July 2017 37,213
Charge for year 17,412
Eliminated on disposal (42,573 )
At 30 June 2018 12,052
NET BOOK VALUE
At 30 June 2018 91,011
At 30 June 2017 39,023

McCarrick Construction Company
Limited (Registered number: 00519815)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2017
and 30 June 2018 100
NET BOOK VALUE
At 30 June 2018 100
At 30 June 2017 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017
and 30 June 2018 16,999
NET BOOK VALUE
At 30 June 2018 16,999
At 30 June 2017 16,999

7. STOCKS
2018 2017
£    £   
Raw Materials 89,600 2,000
Work-in-progress 727,778 587,511
Land Purchased for Development 412,047 463,323
1,229,425 1,052,834

8. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 105,891 89,868
Amounts recoverable on contract 131,383 272,093
Other debtors 61,813 15,177
299,087 377,138

McCarrick Construction Company
Limited (Registered number: 00519815)

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

8. DEBTORS - continued
2018 2017
£    £   
Amounts falling due after more than one year:
Trade debtors 27,610 -
Amounts owed by group undertakings 1,378,344 1,645,360
Amounts recoverable on contract - 72,590
1,405,954 1,717,950

Aggregate amounts 1,705,041 2,095,088

9. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Listed investments 490,009 584,898

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 12 12
Hire purchase contracts 13,389 9,362
Trade creditors 305,372 565,910
Taxation and social security 26,447 69,318
Other creditors 66,612 125,719
411,832 770,321

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 67,219 3,797

12. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 80,608 13,159

Hire purchase contracts are secured on the related fixed assets. Details of fixed assets held under such
agreements can be found at Note 5 to these financial statements.

McCarrick Construction Company
Limited (Registered number: 00519815)

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

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2017 3,590,219 7,009 3,597,228
Deficit for the year (72,897 ) (72,897 )
Dividends (6,000 ) (6,000 )
At 30 June 2018 3,511,322 7,009 3,518,331

14. CAPITAL COMMITMENTS
2018 2017
£    £   
Contracted but not provided for in the
financial statements - -

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2018 and
30 June 2017:

2018 2017
£    £   
M McCarrick Esq and Mrs L N McCarrick
Balance outstanding at start of year (34,096 ) (23,847 )
Amounts advanced 3,462 63,325
Amounts repaid - (73,574 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,634 ) (34,096 )

16. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2017 - £5,000) were paid to the directors .

The Company leases its Registered Office from the self-invested personal pension plan of Mr M. McCarrick. The rent charged is disclosed at Note 4 under the heading Operating Lease Charges - Land and Buildings and is
at normal commercial rates.

At 30 June 2018 amounts owed by McCarrick Homes Ltd, a wholly owned subsidiary company of McCarrick
Construction Co Ltd, totalled £1,378,344 (2017 : £1,645,360) and this is secured on the properties held by the
subsidiary company.

During the Year Ended 30 June 2018 McCarrick Construction Company Ltd invoiced Oak House Homes Limited £22,262. Mr. M. McCarrick is a director and shareholder of both companies.