Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseNo description of principal activity2022-04-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC577314 2022-04-01 2023-03-31 SC577314 2021-04-01 2022-03-31 SC577314 2023-03-31 SC577314 2022-03-31 SC577314 c:Director1 2022-04-01 2023-03-31 SC577314 c:Director2 2022-04-01 2023-03-31 SC577314 c:RegisteredOffice 2022-04-01 2023-03-31 SC577314 d:CurrentFinancialInstruments 2023-03-31 SC577314 d:CurrentFinancialInstruments 2022-03-31 SC577314 d:Non-currentFinancialInstruments 2023-03-31 SC577314 d:Non-currentFinancialInstruments 2022-03-31 SC577314 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC577314 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC577314 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC577314 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC577314 d:ShareCapital 2023-03-31 SC577314 d:ShareCapital 2022-03-31 SC577314 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC577314 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC577314 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC577314 c:OrdinaryShareClass1 2023-03-31 SC577314 c:OrdinaryShareClass1 2022-03-31 SC577314 c:FRS102 2022-04-01 2023-03-31 SC577314 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC577314 c:FullAccounts 2022-04-01 2023-03-31 SC577314 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC577314










MCF PROPERTY SERVICES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
MCF PROPERTY SERVICES LTD
 

COMPANY INFORMATION


Directors
Mr D Bargeton 
Mr M Bargeton 




Registered number
SC577314



Registered office
11 Alva Street

Edinburgh

EH2 4PH




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MCF PROPERTY SERVICES LTD
REGISTERED NUMBER: SC577314

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,664
361

Cash at bank and in hand
  
5,411
44,579

  
17,075
44,940

Creditors: amounts falling due within one year
 5 
(9,928)
(11,314)

Net current assets
  
 
 
7,147
 
 
33,626

Total assets less current liabilities
  
7,147
33,626

Creditors: amounts falling due after more than one year
 6 
(8,837)
(33,336)

  

Net (liabilities)/assets
  
(1,690)
290


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(1,790)
190

  
(1,690)
290

Page 1

 
MCF PROPERTY SERVICES LTD
REGISTERED NUMBER: SC577314

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr D Bargeton
Director

Date: 10 November 2023

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
MCF PROPERTY SERVICES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

MCF Property Services Limited is a private company, limited by shares, incorporated in Scotland with registration number SC577314. The registered office is 11 Alva Street, Edinburgh, Scotland, EH2 4PH.
The company ceased trading on 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
MCF PROPERTY SERVICES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
11,664
100

Tax recoverable
-
261

11,664
361



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,398
9,398

Other taxation and social security
-
1,195

Other creditors
170
170

Accruals and deferred income
360
551

9,928
11,314


Page 4

 
MCF PROPERTY SERVICES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,837
33,336

8,837
33,336



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 5