Relate AccountsProduction v2.7.2 v2.7.2 2022-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts FRS 105 Accounts The principal activity of the company is property rental. 6 October 2023 0 0 NI673852 2023-01-31 NI673852 2022-01-31 NI673852 2021-01-31 NI673852 2022-02-01 2023-01-31 NI673852 2021-02-01 2022-01-31 NI673852 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 NI673852 uk-curr:PoundSterling 2022-02-01 2023-01-31 NI673852 uk-bus:AbridgedAccounts 2022-02-01 2023-01-31 NI673852 uk-core:CapitalReserve 2023-01-31 NI673852 uk-core:CapitalReserve 2022-01-31 NI673852 2022-02-01 2023-01-31 NI673852 uk-bus:Director1 2022-02-01 2023-01-31 NI673852 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 NI673852 uk-bus:Micro-entities 2022-02-01 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Pat McMahon Properties Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2023



Pat McMahon Properties Ltd
Company Registration Number: NI673852
BALANCE SHEET
as at 31 January 2023

    2023   2022
  £   £
 
Fixed Assets 1,083,890   1,106,550
  ─────────   ─────────
Current assets 2,505   21,789
Creditors: amounts falling due within one year (984,092)   (629,307)
  ─────────   ─────────
Net Current Liabilities (981,587)   (607,518)
  ─────────   ─────────
Total Assets less Current Liabilities 102,303   499,032
Creditors: amounts falling due after more than one year (61,908)   (473,533)
Accruals and deferred income (3,250)   (1,500)
  ─────────   ─────────
Net Assets 37,145   23,999
  ═════════   ═════════
 
Capital and Reserves 37,145   23,999
  ═════════   ═════════
 
Notes to the financial statements
   
1. General Information
 
Pat McMahon Properties Ltd is a private company, limited by shares, incorporated and registered in Northern Ireland. The registered number of the company is NI673852. The registered office of the company is 112 Camlough Road, Newry, Co. Down, BT35 7EE, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
These financial statements cover the individual entity for the year ended 31st January 2023.

The comparatives shown are for the 15 month period from incorporation on 30th October 2020 to 31st January 2022. Accordingly, the comparatives are not entirely comparable.
   
2. Financial commitments and guarantees
 
Company borrowings totalling £107,752 (2022: £519,376) are secured by way of a fixed and floating charge over company assets, and also by way of a negative pledge.
       
3. Employees
 
The company had no employees in this, or in the comparative period.
     
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
The company has taken advantage of the exemption under section 444 not to file the Director's Report, Abridged Profit and Loss Account.
 
Approved by the Director on 6 October 2023 and signed by:
   
________________________________  
Mr. John MacMahon  
Director