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REGISTERED NUMBER: 07984247 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MAC PRO & CO LIMITED

MAC PRO & CO LIMITED (Registered number: 07984247)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAC PRO & CO LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr S Parekh





SECRETARY: Mrs G Parekh





REGISTERED OFFICE: 9 Hawkeswell Close
Solihull
Birmingham
B92 7BD





REGISTERED NUMBER: 07984247 (England and Wales)






MAC PRO & CO LIMITED (Registered number: 07984247)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,126 5,647
Investment property 5 163,000 163,000
171,126 168,647

CURRENT ASSETS
Debtors 6 4,509 23,619
Cash at bank 221,093 227,826
225,602 251,445
CREDITORS
Amounts falling due within one year 7 10,024 9,346
NET CURRENT ASSETS 215,578 242,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,704

410,746

PROVISIONS FOR LIABILITIES 8 1,314 621
NET ASSETS 385,390 410,125

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 385,290 410,025
SHAREHOLDERS' FUNDS 385,390 410,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MAC PRO & CO LIMITED (Registered number: 07984247)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 5 October 2023 and were signed by:





Dr S Parekh - Director


MAC PRO & CO LIMITED (Registered number: 07984247)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MAC PRO & CO 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises of the invoiced value of the services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MAC PRO & CO LIMITED (Registered number: 07984247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
Chattels fittings Totals
£    £    £   
COST
At 1 April 2022 1,978 12,015 13,993
Additions - 3,454 3,454
At 31 March 2023 1,978 15,469 17,447
DEPRECIATION
At 1 April 2022 1,100 7,246 8,346
Charge for year 131 844 975
At 31 March 2023 1,231 8,090 9,321
NET BOOK VALUE
At 31 March 2023 747 7,379 8,126
At 31 March 2022 878 4,769 5,647

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 163,000
NET BOOK VALUE
At 31 March 2023 163,000
At 31 March 2022 163,000

Investment property comprises one property. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 March 2023 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices of similar properties.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 7,302
Valuation in 2020 (14,000 )
Valuation in 2021 3,000
Cost 166,698
163,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,509 23,619

MAC PRO & CO LIMITED (Registered number: 07984247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 10,024 9,346

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Deferred tax 2,017 1,324
Deferred Tax Property (703 ) (703 )
1,314 621

Deferred
tax
£   
Balance at 1 April 2022 621
Charge to Income Statement during year 693
Balance at 31 March 2023 1,314

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
75 A Ordinary 1 75 75
15 B Ordinary 1 15 15
10 C & D Ordinary 1 10 10
100 100

The company ordinary share structure from 25/03/2019 as follows:
A Ordinary shares 75
B Ordinary shares 15
C Ordinary shares 5
D Ordinary shares 5

10. RESERVES
Retained
earnings
£   

At 1 April 2022 410,025
Deficit for the year (5,735 )
Dividends (19,000 )
At 31 March 2023 385,290

MAC PRO & CO LIMITED (Registered number: 07984247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company paid a facility charge to directors of £312 (2022 £312) for the use of facilities at the registered office.

12. ULTIMATE CONTROLLING PARTY

The board director is controlling party.