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REGISTERED NUMBER: 08885405 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

MC Falcon Investments UK Limited

MC Falcon Investments UK Limited (Registered number: 08885405)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MC Falcon Investments UK Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr Iyngaran Muniandy





REGISTERED OFFICE: Central Office, Cobweb Buildings
The Lane
Lyford
OX12 0EE





REGISTERED NUMBER: 08885405 (England and Wales)





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

MC Falcon Investments UK Limited (Registered number: 08885405)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,111 1,480
Investments 5 48,032 48,032
Investment property 6 4,350,975 4,350,975
4,400,118 4,400,487

CURRENT ASSETS
Debtors 7 574,389 460,535
Cash at bank 5,596 7,831
579,985 468,366
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

8

(453,155

)

(346,006

)
NET CURRENT ASSETS 126,830 122,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,526,948

4,522,847

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE
YEAR


9


(3,404,061


)


(3,410,619


)

PROVISIONS FOR LIABILITIES (133,445 ) (133,445 )
NET ASSETS 989,442 978,783

MC Falcon Investments UK Limited (Registered number: 08885405)

Balance Sheet - continued
28 February 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 352,100 352,100
Revaluation reserve 10 568,898 568,898
Retained earnings 68,444 57,785
989,442 978,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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.

Approved and authorised by the director and authorised for issue on 29 March 2023 and were signed by:





Mr Iyngaran Muniandy - Director


MC Falcon Investments UK Limited (Registered number: 08885405)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

MC Falcon Investments UK 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 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.

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.

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised separately in the reserves.Any gain or loss is unavailable for distribution or utilisation

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.

3. EMPLOYEES AND DIRECTORS

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

MC Falcon Investments UK Limited (Registered number: 08885405)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022 28,583
Additions 988
Disposals (414 )
At 28 February 2023 29,157
DEPRECIATION
At 1 March 2022 27,103
Charge for year 1,357
Eliminated on disposal (414 )
At 28 February 2023 28,046
NET BOOK VALUE
At 28 February 2023 1,111
At 28 February 2022 1,480

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 March 2022
and 28 February 2023 48,032
NET BOOK VALUE
At 28 February 2023 48,032
At 28 February 2022 48,032

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 4,350,975
NET BOOK VALUE
At 28 February 2023 4,350,975
At 28 February 2022 4,350,975

MC Falcon Investments UK Limited (Registered number: 08885405)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. INVESTMENT PROPERTY - continued

The property was revalued during the previous year and a revaluation increase amount of £465,663.99 is showing in the financial statements. This gain is not for distribution and a provision for deferred tax has been made.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 3,885,311
Valuation in 2021 465,664
4,350,975

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,771 7,250
Other debtors 563,618 453,285
574,389 460,535

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 129,153 122,759
Taxation and social security 2,518 8,708
Other creditors 321,484 214,539
453,155 346,006

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 2,348,917 2,355,475
Other creditors 1,055,144 1,055,144
3,404,061 3,410,619

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,382,526 1,407,466
Bank loan 2 more 5 yr by insal 328,917 334,211
Bank loan 3 more 5 yr by insal 120,861 122,760
1,832,304 1,864,437

MC Falcon Investments UK Limited (Registered number: 08885405)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. RESERVES
Revaluatio
reserve
£   
At 1 March 2022
and 28 February 2023 568,898

A revaluation gain of £465,663.99 in the current year is unavailable for distribution and a provision for deferred tax has been made against the gain of £88,476.15