05625702 2022-10-01 2023-09-30 05625702 uk-bus:Director1 2022-10-01 2023-09-30 05625702 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05625702 uk-bus:SmallEntities 2022-10-01 2023-09-30 05625702 uk-bus:FullAccounts 2022-10-01 2023-09-30 05625702 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05625702 2022-10-01 05625702 2023-09-30 05625702 2021-10-01 2022-09-30 05625702 2022-09-30 xbrli:pure iso4217:GBP 05625702 2021-10-01 2022-09-30
Company Registration Number : 05625702 (England and Wales)
05625702
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-09-30
false
MACTURNER HOLDINGS LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-10-01
MACTURNER HOLDINGS LIMITED
Unaudited financial statements and annual report
For the year ended 30 September 2023
MACTURNER HOLDINGS LIMITED
Contents
For the year ended 30 September 2023

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement 5
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


MACTURNER HOLDINGS LIMITED
Company Information
For the year ended 30 September 2023

Company registration number 05625702 (England and Wales)
Director Tolulope Atinuke OPALEYE
Registered office address 31 Church Street
Dagenham
RM10 9UR
Accountant












Accountant





MACTURNER HOLDINGS LIMITED
Director's Report
For the year ended 30 September 2023

The director presents his/her report and the Unaudited Financial Statements for the year ended 30 September 2023.
Principal activity
activities of head offices
Director of the company
The following directors held office during the whole of the period:
Tolulope Atinuke OPALEYE
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Tolulope Atinuke OPALEYE (Director)
Date: 12 March 2024
This report was approved by the board on 2024-03-12 Date: 12 March 2024
MACTURNER HOLDINGS LIMITED
Accountant's report
For the year ended 30 September 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of MACTURNER HOLDINGS LIMITED for the year ended 30 September 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MACTURNER HOLDINGS LIMITED for the year ended 30 September 2023.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






2024-03-12 Date: 12 March 2024
5
MACTURNER HOLDINGS LIMITED
Income Statement
For the year ended 30 September 2023

2023 2022
Notes £ £
Turnover 5 (29,771) 5,200
Cost of sales (512) -
Gross loss (30,283) 5,200
Administrative expenses (39,704) (729)
Operating loss 6 (69,986) 4,471
Interest receivable and similar income - -
Loss on ordinary activities before taxation (69,986) 4,471
Tax 8 1,525 (849)
Loss for the year (68,461) 3,621
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
MACTURNER HOLDINGS LIMITED
Statement of Financial Position
For the year ended 30 September 2023

2023 2022
Notes £ £
Fixed assets
Investment Property 9 - 66,434
- 66,434
Current assets
Debtors 10 - 2,600
Debtors: Amounts falling due after more than one year 10 - 3,892
Cash and cash equivalents 11 3 -
3 6,492
Current liabilities
Creditors: Amounts falling due within one year 12 (422) (2,422)
Corporation tax payable - (1,525)
(422) (3,947)
Net current (liabilities)/assets (419) 2,545
Total assets less current liabilities (419) 68,979
Non-current liabilities
Creditors: Amounts falling due after more than one year 13 - (936)
Net (liabilities)/assets (419) 68,043
Capital and reserves
Called up share capital 14 65,100 65,100
Retained earnings (65,519) 2,943
Shareholder's funds (419) 68,043
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 30 September 2023 the company was entitled to exemption from audit 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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.
Approved by the Board on 12 March 2024
.............................
Tolulope Atinuke OPALEYE (Director)
Company registration number: 05625702
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-09-30 30 September 2023
2023 2022
£ £
Fixed Assets 0 66,434
Current Assets 3 2,600
Creditors: amounts falling due within one year (422) (3,947)
Net current assets (liabilities) (419) (1,347)
Total assets less current liabilities (419) 65,087
CREDITORS: Amounts falling due more than one year 0 2,956
Net Assets (liabilities) (419) 68,043
Capital and Reserves (419) 68,043
For the year ending 30/09/2023 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. For the year ending 30-09-2023 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 12 March 2024 2024-03-12 and signed on behalf of the board,
.............................
Tolulope Atinuke OPALEYE
Director
Company registration number: 05625702
MACTURNER HOLDINGS LIMITED
Notes to the Financial Statements
For the year ended 30 September 2023

(1) General Information
MACTURNER HOLDINGS LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales (29,771) 5,200
(29,771) 5,200

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2023 2022
£ £
Staff costs 250 -
250 -

(7) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2023 2022
£ £
Wages and salaries 250 -
250 -

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year -1,525 849
Total current tax -1,525 849

(9) Investment Property
Investment Properties
£
Cost
As at 01 October 202266,434
Additions(66,434)
As at 30 September 2023-
Depreciation
As at 30 September 2023-
Net book value
As at 30 September 2023-
As at 30 September 202266,434

(10) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors - 2,600
- 2,600
Amounts falling due after more than one year
2023 2022
£ £
Other debtors - 3,892
- - -
- 3,892

(11) Cash and cash equivalents
2023 2022
£ £
Bank balance 3 -
3 -

(12) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 422 422
Other creditors - 2,000
422 2,422

(13) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Other creditors - (2956)
- (2,956)

(14) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
65,100 (2022 : 65,100) Ordinary Shares of £ 1 each65,10065,100
65,100 65,100
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 October 2022 2,943
Loss of the year (68,461)
At 30 September 2023 (65,518)
MACTURNER HOLDINGS LIMITED
Detailed Income Statement
For the year ended 30 September 2023

This section does not form part of the statutory accounts.

2023 2022
£ £
Turnover (29,771) 5,200
Less : Cost of sales
Gross Wages 250 -
Other Direct Expenditure 262 -
512 -
Gross Profit (30,283) 5,200
Less : Administrative expenses
Rent - 444
Accountancy, Bookkeeping and Auditing Fees - 216
Legal and Professional Fees - 13
Charitable Donations 3,000 -
Bank Fees 98 56
Profit and Loss on Disposal of Fixed Asset 36,606 -
39,704 729
Operating loss (69,986) 4,471
Loss on ordinary activities before taxation (69,986) 4,471
Less : Tax
Corporation Tax (1,525) 849
(1,525) 849
Net loss for the year after taxation (68,461) 3,621
Less : Distributions
Dividends - 2,000
- 2,000
Net loss for the year after dividends (68,461) 1,621
Retained profits brought forward 2,943 1,321
Retained losses carried forward (65,519) 2,943