MACASADE PROPERTY LETTINGS LIMITED

Company Registration Number:
13173470 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

MACASADE PROPERTY LETTINGS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MACASADE PROPERTY LETTINGS LIMITED

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal activity of the company in the period under review was that of Property Rental



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Mark Peter Aylott
Sam Daniel Mark Aylott
Carlie Joanne Aylott
Dean Robbie Aylott


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 November 2023

And signed on behalf of the board by:
Name: Mark Peter Aylott
Status: Director

MACASADE PROPERTY LETTINGS LIMITED

Profit And Loss Account

for the Period Ended 28 February 2023

2023 13 months to 28 February 2022


£

£
Turnover: 142,602 131,590
Cost of sales: ( 26,489 ) ( 21,984 )
Gross profit(or loss): 116,113 109,606
Distribution costs: 0 0
Administrative expenses: ( 27,073 ) ( 31,568 )
Other operating income: 0 0
Operating profit(or loss): 89,040 78,038
Interest receivable and similar income: 1,000 0
Interest payable and similar charges: ( 5,481 ) ( 4,479 )
Profit(or loss) before tax: 84,559 73,559
Tax: ( 16,066 ) ( 13,663 )
Profit(or loss) for the financial year: 68,493 59,896

MACASADE PROPERTY LETTINGS LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 13 months to 28 February 2022


£

£
Fixed assets
Tangible assets: 3 2,863,100 2,863,650
Total fixed assets: 2,863,100 2,863,650
Current assets
Cash at bank and in hand: 121,000 66,715
Total current assets: 121,000 66,715
Creditors: amounts falling due within one year: 4 ( 55,297 ) ( 61,460 )
Net current assets (liabilities): 65,703 5,255
Total assets less current liabilities: 2,928,803 2,868,905
Creditors: amounts falling due after more than one year: 5 ( 254,035 ) ( 254,035 )
Total net assets (liabilities): 2,674,768 2,614,870
Capital and reserves
Called up share capital: 200 200
Share premium account: 2,562,665 2,562,665
Other reserves: 52,005
Profit and loss account: 59,898 52,005
Total Shareholders' funds: 2,674,768 2,614,870

The notes form part of these financial statements

MACASADE PROPERTY LETTINGS LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Mark Peter Aylott
Status: Director

The notes form part of these financial statements

MACASADE PROPERTY LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

MACASADE PROPERTY LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 13 months to 28 February 2022
    Average number of employees during the period 1 1

MACASADE PROPERTY LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 2,862,000 2,200 2,864,200
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 2,862,000 2,200 2,864,200
Depreciation
At 1 March 2022 550 550
Charge for year 550 550
On disposals
Other adjustments
At 28 February 2023 1,100 1,100
Net book value
At 28 February 2023 2,862,000 1,100 2,863,100
At 28 February 2022 2,862,000 1,650 2,863,650

MACASADE PROPERTY LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 28 February 2022
£ £
Bank loans and overdrafts 2,905
Taxation and social security 16,066 13,663
Accruals and deferred income 11,298 417
Other creditors 25,028 47,380
Total 55,297 61,460

MACASADE PROPERTY LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

2023 13 months to 28 February 2022
£ £
Bank loans and overdrafts 254,035 254,035
Total 254,035 254,035