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REGISTERED NUMBER: NI622084 (Northern Ireland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

FOR

MACMANUS MCCARRON SOLICITORS LTD

MACMANUS MCCARRON SOLICITORS LTD (REGISTERED NUMBER: NI622084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACMANUS MCCARRON SOLICITORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr C M MacManus
Mr N M McCarron





REGISTERED OFFICE: 469 Falls Road
Belfast
Co. Antrim
BT12 6DD





REGISTERED NUMBER: NI622084 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

MACMANUS MCCARRON SOLICITORS LTD (REGISTERED NUMBER: NI622084)

BALANCE SHEET
31 DECEMBER 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,233 103,399

CURRENT ASSETS
Stocks 9,085 15,727
Debtors 5 59,298 62,069
Cash at bank 268,176 377,761
336,559 455,557
CREDITORS
Amounts falling due within one year 6 322,310 427,105
NET CURRENT ASSETS 14,249 28,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,482

131,851

PROVISIONS FOR LIABILITIES 4,222 4,711
NET ASSETS 111,260 127,140

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 111,258 127,138
111,260 127,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

MACMANUS MCCARRON SOLICITORS LTD (REGISTERED NUMBER: NI622084)

BALANCE SHEET - continued
31 DECEMBER 2021


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 13 September 2022 and were signed on its behalf by:




Mr C M MacManus - Director



Mr N M McCarron - Director


MACMANUS MCCARRON SOLICITORS LTD (REGISTERED NUMBER: NI622084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

MacManus McCarron Solicitors Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MACMANUS MCCARRON SOLICITORS LTD (REGISTERED NUMBER: NI622084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 112,690 11,302 123,992
Additions - 950 950
At 31 December 2021 112,690 12,252 124,942
DEPRECIATION
At 1 January 2021 11,136 9,457 20,593
Charge for year 2,254 862 3,116
At 31 December 2021 13,390 10,319 23,709
NET BOOK VALUE
At 31 December 2021 99,300 1,933 101,233
At 31 December 2020 101,554 1,845 103,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 36,226 41,103
Other debtors 23,072 20,966
59,298 62,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts 25,510 35,945
Client ledger balances 206,920 302,159
Taxation and social security 25,135 29,671
Other creditors 64,745 59,330
322,310 427,105