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Company Registration No. 12433102 (England and Wales)
McChaps Holdings Ltd Unaudited accounts for the year ended 31 January 2024
McChaps Holdings Ltd Unaudited accounts Contents
Page
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McChaps Holdings Ltd Company Information for the year ended 31 January 2024
Directors
David James Chapman Edward James McCoy
Company Number
12433102 (England and Wales)
Registered Office
27 Hayes Way Beckenham BR3 6RJ
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McChaps Holdings Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
(4)
(4)
Fixed assets
Investment property
160,000 
132,000 
Current assets
Debtors
(3,640)
(3,520)
Cash at bank and in hand
23,409 
17,822 
19,769 
14,302 
Creditors: amounts falling due within one year
(1,922)
(1,422)
Net current assets
17,847 
12,880 
Total assets less current liabilities
177,843 
144,876 
Creditors: amounts falling due after more than one year
(140,000)
(140,000)
Provisions for liabilities
Deferred tax
(7,000)
- 
Net assets
30,843 
4,876 
Capital and reserves
Revaluation reserve
21,000 
- 
Profit and loss account
9,843 
4,876 
Shareholders' funds
30,843 
4,876 
For the year ending 31 January 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
David James Chapman Director Company Registration No. 12433102
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McChaps Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
McChaps Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12433102. The registered office is 27 Hayes Way, Beckenham, BR3 6RJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
132,000 
Net gain from fair value adjustments
28,000 
At 31 January 2024
160,000 
The investment properties were valued by an independent valuer at incorporation. The value is considered every year end by the directors and it was concluded that the properties are shown at fair value.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
(3,640)
(3,520)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,166 
922 
Accruals
756 
500 
1,922 
1,422 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
140,000 
140,000 
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McChaps Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
7,000 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
7,000 
- 
Provision at end of year
7,000 
- 
Deferred taxation relates to the revaluation of investment property.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
10
Reconciliations on adoption of FRS 102
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