2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,336 2,336 982 88 1,070 1,354 xbrli:pure xbrli:shares iso4217:GBP 11144077 2022-07-01 2023-06-30 11144077 2023-06-30 11144077 2022-06-30 11144077 2021-07-01 2022-06-30 11144077 2022-06-30 11144077 2021-06-30 11144077 core:FurnitureFittings 2022-07-01 2023-06-30 11144077 bus:Director3 2022-07-01 2023-06-30 11144077 core:FurnitureFittings 2022-06-30 11144077 core:WithinOneYear 2023-06-30 11144077 core:WithinOneYear 2022-06-30 11144077 core:ShareCapital 2023-06-30 11144077 core:ShareCapital 2022-06-30 11144077 core:RetainedEarningsAccumulatedLosses 2023-06-30 11144077 core:RetainedEarningsAccumulatedLosses 2022-06-30 11144077 core:FurnitureFittings 2022-06-30 11144077 bus:SmallEntities 2022-07-01 2023-06-30 11144077 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11144077 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11144077 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11144077 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 11144077

MCM Estates & Lettings Limited

Filleted Unaudited Financial Statements

30 June 2023

MCM Estates & Lettings Limited

Statement of Financial Position

30 June 2023

| 2023 | 2022
Note | £ | £

Fixed assets

Tangible assets | 5 | – | 1,354

Current assets

Cash at bank and in hand | – | 8,192

Creditors: amounts falling due within one year | 6 | 2,571 | 7,702
| ------- | -------
Net current (liabilities)/assets | ( 2,571) | 490
| ------- | -------
Total assets less current liabilities | ( 2,571) | 1,844

Provisions | – | 257
| ------- | -------
Net (liabilities)/assets | ( 2,571) | 1,587
| ------- | -------

Capital and reserves

Called up share capital | 10 | 10
Profit and loss account | ( 2,581) | 1,577
| ------- | -------
Shareholders (deficit)/funds | ( 2,571) | 1,587
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MCM Estates & Lettings Limited

Statement of Financial Position (continued)

30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 5 September 2023 , and are signed on behalf of the board by:

Mr P Lloyd |
Director |

Company registration number: 11144077

MCM Estates & Lettings Limited

Notes to the Financial Statements

Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 15% straight line

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 5 ).
5. Tangible assets

| Fixtures and fittings
| £
Cost |
At 1 July 2022 | 2,336
Disposals | ( 2,336)
| -------
At 30 June 2023 | –
| -------
Depreciation |
At 1 July 2022 | 982
Charge for the year | 88
Disposals | ( 1,070)
| -------
At 30 June 2023 | –
| -------
Carrying amount |
At 30 June 2023 | –
| -------
At 30 June 2022 | 1,354
| -------

6. Creditors: amounts falling due within one year

| 2023 | 2022
| £ | £
Corporation tax | 220 | 896
Social security and other taxes | – | 4,720
Other creditors | 2,351 | 2,086
| ------- | -------
| 2,571 | 7,702
| ------- | -------

7. Director's advances, credits and guarantees
The amount owed to the director as at 30 June 2023 was £1,701 (2022: £86). The director's loan is interest free and repayable on demand.