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REGISTERED NUMBER: 04276497 (England and Wales)

















Unaudited Financial Statements for the Year Ended 23 December 2023

for

Macavity Properties Limited

Macavity Properties Limited (Registered number: 04276497)






Contents of the Financial Statements
for the Year Ended 23 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Macavity Properties Limited

Company Information
for the Year Ended 23 December 2023







DIRECTORS: Mr J Padley
Mr C M Fell





SECRETARY: Mrs A Padley





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 04276497 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Macavity Properties Limited (Registered number: 04276497)

Balance Sheet
23 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 99 99
Investment property 5 480,000 510,000
480,099 510,099

CURRENT ASSETS
Debtors 6 1,954 1,012
Cash at bank 75,477 43,529
77,431 44,541
CREDITORS
Amounts falling due within one year 7 (30,057 ) (33,153 )
NET CURRENT ASSETS 47,374 11,388
TOTAL ASSETS LESS CURRENT LIABILITIES 527,473 521,487

CAPITAL AND RESERVES
Called up share capital 198 198
Retained earnings 527,275 521,289
527,473 521,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 December 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.

Macavity Properties Limited (Registered number: 04276497)

Balance Sheet - continued
23 December 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 17 September 2024 and were signed on its behalf by:





Mr J Padley - Director


Macavity Properties Limited (Registered number: 04276497)

Notes to the Financial Statements
for the Year Ended 23 December 2023

1. STATUTORY INFORMATION

Macavity Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Macavity Properties Limited (Registered number: 04276497)

Notes to the Financial Statements - continued
for the Year Ended 23 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 24 December 2022
and 23 December 2023 99
NET BOOK VALUE
At 23 December 2023 99
At 23 December 2022 99

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 24 December 2022 510,000
Revaluations (30,000 )
At 23 December 2023 480,000
NET BOOK VALUE
At 23 December 2023 480,000
At 23 December 2022 510,000

The directors have valued the investment property at a fair value of £480,000 (2022 - £510,000) as at 23 December 2023 based on market information.

The historical cost of the property is £547,395 (2022 - £547,395).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,954 1,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,000 10,000
Amounts owed to group undertakings - 6,785
Taxation and social security 9,046 7,847
Other creditors 11,011 8,521
30,057 33,153