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REGISTERED NUMBER: 08538125 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Mackenzie Smith Property Lettings &
Management Limited

Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mackenzie Smith Property Lettings &
Management Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S J Mackenzie Smith
T M Cook





REGISTERED OFFICE: Hartfield House
94 Fleet Road
Fleet
Hampshire
GU51 4PA





REGISTERED NUMBER: 08538125 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285 1,374

CURRENT ASSETS
Debtors 5 6,582 4,727
Cash at bank 77,243 164,466
83,825 169,193
CREDITORS
Amounts falling due within one year 6 63,896 159,520
NET CURRENT ASSETS 19,929 9,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,214

11,047

PROVISIONS FOR LIABILITIES 8 - 261
NET ASSETS 20,214 10,786

CAPITAL AND RESERVES
Called up share capital 9 9 9
Retained earnings 20,205 10,777
SHAREHOLDERS' FUNDS 20,214 10,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





S J Mackenzie Smith - Director


Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Mackenzie Smith Property Lettings & Management 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced fees for services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


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, adjusted for indexation where applicable.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 3,267
DEPRECIATION
At 1 February 2023 1,893
Charge for year 1,089
At 31 January 2024 2,982
NET BOOK VALUE
At 31 January 2024 285
At 31 January 2023 1,374

Mackenzie Smith Property Lettings &
Management Limited (Registered number: 08538125)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 6,582 4,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,157 1,617
Amounts owed to group undertakings 34,652 108,013
Taxation and social security 24,989 46,824
Other creditors 3,098 3,066
63,896 159,520

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 20,500 20,500
Between one and five years 25,625 46,125
46,125 66,625

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax - 261

Deferred
tax
£   
Balance at 1 February 2023 261
Accelerated capital allowances (261 )
Balance at 31 January 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
9 Ordinary £1 9 9

10. RELATED PARTY DISCLOSURES

During the year rent of £20,500 (2023: £17,083) was paid for rental of properties owned by a pension scheme in which the directors is a trustee.