MCERLEAN ENTERPRISES LTD

Company Registration Number:
NI049520 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

MCERLEAN ENTERPRISES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

MCERLEAN ENTERPRISES LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,023,674 1,174,588
Total fixed assets: 1,023,674 1,174,588
Current assets
Stocks: 75,000 75,000
Cash at bank and in hand: 289,967 267,370
Total current assets: 364,967 342,370
Creditors: amounts falling due within one year: 4 (1,064,448) (1,227,330)
Net current assets (liabilities): (699,481) (884,960)
Total assets less current liabilities: 324,193 289,628
Total net assets (liabilities): 324,193 289,628
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 324,093 289,528
Shareholders funds: 324,193 289,628

The notes form part of these financial statements

MCERLEAN ENTERPRISES LTD

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2023
and signed on behalf of the board by:

Name: Dermot McErlean
Status: Director

The notes form part of these financial statements

MCERLEAN ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

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

MCERLEAN ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

MCERLEAN ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 1,402,929
Additions 63,051
Disposals (260,190)
At 28 February 2023 1,205,790
Depreciation
At 01 March 2022 228,341
Charge for year 40,565
On disposals (86,790)
At 28 February 2023 182,116
Net book value
At 28 February 2023 1,023,674
At 28 February 2022 1,174,588

MCERLEAN ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Corporation Tax £ 25,919Social Security & Other Taxes £ 29,000Other Creditors £1,009,529 Total £1,064,448

MCERLEAN ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Related party transactions

Name of the related party:
Relationship:
n/a
Description of the Transaction: An amount of £529,840 is due to a connected party
£
Balance at 01 March 2022 529,840
Balance at 28 February 2023 529,840