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REGISTERED NUMBER: 12655176 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Mackstock Leisure Limited

Mackstock Leisure Limited (Registered number: 12655176)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mackstock Leisure Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T Stockton
A McCaughran





REGISTERED OFFICE: 53 Childwall Road
Liverpool
Merseyside
L15 6UW





REGISTERED NUMBER: 12655176 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Mackstock Leisure Limited (Registered number: 12655176)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,120 85,589

CURRENT ASSETS
Stocks 11,523 10,967
Debtors 5 51,280 71,095
Cash at bank 17,665 2,369
80,468 84,431
CREDITORS
Amounts falling due within one year 6 219,132 222,592
NET CURRENT LIABILITIES (138,664 ) (138,161 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,544

)

(52,572

)

CREDITORS
Amounts falling due after more than one
year

7

15,833

20,853
NET LIABILITIES (78,377 ) (73,425 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (78,477 ) (73,525 )
SHAREHOLDERS' FUNDS (78,377 ) (73,425 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mackstock Leisure Limited (Registered number: 12655176)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





A McCaughran - Director


Mackstock Leisure Limited (Registered number: 12655176)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Mackstock Leisure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on retail food and beverage sales, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the services are provided.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and 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.


Mackstock Leisure Limited (Registered number: 12655176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 118,955
Additions 12,490
At 30 June 2023 131,445
DEPRECIATION
At 1 July 2022 33,366
Charge for year 21,959
At 30 June 2023 55,325
NET BOOK VALUE
At 30 June 2023 76,120
At 30 June 2022 85,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by associates 24,866 27,567
Other debtors 26,414 43,528
51,280 71,095

Mackstock Leisure Limited (Registered number: 12655176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 27,759 22,284
Trade creditors 36,072 71,306
Amounts owed to associates 127,798 101,178
Taxation and social security 18,050 11,063
Other creditors 9,453 16,761
219,132 222,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 15,833 15,833
Other creditors - 5,020
15,833 20,853

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account, to which transactions of a private nature are charged.

As at the balance sheet date a balance of £nil, (2022 £13,822), owing from Mr A McCaughran, was included within other debtors..

As at the balance sheet date a balance of £nil, (2022 £1,634), owing from Mr T Stockton, was included within other debtors..

Interest is charged at 2% on debit balances.

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £21,711, (2022 £26,042), owing from 21st Amendment NW Limited.

Included within other debtors is an amount of £3,155, (2022 £1,525), owing from A&E Properties.

Included within other creditors is an amount of £11,279, (2022 £12,199), owing to Titanic Boats And Apartments Limited.

Included within other creditors is an amount of £116,519, (2022 £88,979), owing to Bubbles Champagne Bar Limited.

Mr A McCaughran is a director and shareholder of all companies.

The loans are interest free and repayable on demand.