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REGISTERED NUMBER: 10866596 (England and Wales)














R.MCLESTER BUILDERS LTD

Unaudited Financial Statements

for the Year Ended 31 July 2024






R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


R.MCLESTER BUILDERS LTD

Company Information
for the Year Ended 31 July 2024







Director: Mr S P McLester





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 10866596 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,145 13,880
Investment property 5 220,000 220,000
232,145 233,880

CURRENT ASSETS
Debtors 6 9 9
Cash at bank and in hand 13,290 31,541
13,299 31,550
CREDITORS
Amounts falling due within one year 7 121,916 160,340
NET CURRENT LIABILITIES (108,617 ) (128,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,528

105,090

PROVISIONS FOR LIABILITIES 13,868 10,540
NET ASSETS 109,660 94,550

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 8 41,604 44,932
Retained earnings 8 67,956 49,518
109,660 94,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





Mr S P McLester - Director


R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

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


1. STATUTORY INFORMATION

R.McLester Builders Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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.

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.

R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

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


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable 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.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 August 2023
and 31 July 2024 17,350
Depreciation
At 1 August 2023 3,470
Charge for year 1,735
At 31 July 2024 5,205
Net book value
At 31 July 2024 12,145
At 31 July 2023 13,880

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 August 2023
and 31 July 2024 220,000
Net book value
At 31 July 2024 220,000
At 31 July 2023 220,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 55,471
Cost 164,529
220,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9 9

R.MCLESTER BUILDERS LTD (REGISTERED NUMBER: 10866596)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,792 4,579
Other creditors 116,124 155,761
121,916 160,340

8. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 August 2023 49,518 44,932 94,450
Profit for the year 15,110 15,110
Undistributable reserves 3,328 (3,328 ) -
At 31 July 2024 67,956 41,604 109,560