REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
19 OCTOBER 2021 TO 30 OCTOBER 2022 |
FOR |
MCCARTHY HOMES TORBAY LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
19 OCTOBER 2021 TO 30 OCTOBER 2022 |
FOR |
MCCARTHY HOMES TORBAY LTD |
MCCARTHY HOMES TORBAY LTD (REGISTERED NUMBER: 13689106) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 OCTOBER 2021 TO 30 OCTOBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MCCARTHY HOMES TORBAY LTD |
COMPANY INFORMATION |
FOR THE PERIOD 19 OCTOBER 2021 TO 30 OCTOBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Tax Advisers, Accountants |
and Business Consultants |
Vantage Point House |
Silverhills Road |
Decoy Industrial Estate |
Newton Abbot |
Devon |
TQ12 5ND |
BANKERS: |
51-52 Fleet Street |
Torquay |
Devon |
TQ2 5DW |
MCCARTHY HOMES TORBAY LTD (REGISTERED NUMBER: 13689106) |
BALANCE SHEET |
30 OCTOBER 2022 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MCCARTHY HOMES TORBAY LTD (REGISTERED NUMBER: 13689106) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 OCTOBER 2021 TO 30 OCTOBER 2022 |
1. | STATUTORY INFORMATION |
McCarthy Homes Torbay Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
Going concern |
The company meets its day to day working capital requirements through a loan provided by McCarthy Contracting & Development Limited, a company for which the directors are also directors of. They will continue to support the company in this way until such times as profits are made. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by associates |
MCCARTHY HOMES TORBAY LTD (REGISTERED NUMBER: 13689106) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 OCTOBER 2021 TO 30 OCTOBER 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to associates |
Accrued expenses |
6. | RELATED PARTY DISCLOSURES |
Included in debtors is an amount owed from McCarthy Holdings SW Limited, the ultimate controlling party of this company. The amount owed to the company at the period end was £1. |
Included in creditors is an amount owed to McCarthy Contracting & Development Limited, a company for which the directors are also directors of. The amount owed from the company at the period end was £49,663. |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is McCarthy Holdings SW Limited. |
The ultimate controlling party is |