Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0true2022-12-01No description of principal activitytrue 10483016 2022-12-01 2023-11-30 10483016 2021-12-01 2022-11-30 10483016 2023-11-30 10483016 2022-11-30 10483016 c:Director1 2022-12-01 2023-11-30 10483016 d:CurrentFinancialInstruments 2023-11-30 10483016 d:CurrentFinancialInstruments 2022-11-30 10483016 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10483016 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10483016 d:ShareCapital 2023-11-30 10483016 d:ShareCapital 2022-11-30 10483016 d:RetainedEarningsAccumulatedLosses 2023-11-30 10483016 d:RetainedEarningsAccumulatedLosses 2022-11-30 10483016 c:FRS102 2022-12-01 2023-11-30 10483016 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10483016 c:FullAccounts 2022-12-01 2023-11-30 10483016 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10483016










MCA PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
MCA PROPERTY LIMITED
REGISTERED NUMBER: 10483016

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
352
1,718

Cash at bank and in hand
  
342
125

  
694
1,843

Creditors: amounts falling due within one year
 5 
(247,151)
(447,165)

Net current liabilities
  
 
 
(246,457)
 
 
(445,322)

Total assets less current liabilities
  
(246,457)
(445,322)

  

Net liabilities
  
(246,457)
(445,322)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(246,459)
(445,324)

  
(246,457)
(445,322)


Page 1

 
MCA PROPERTY LIMITED
REGISTERED NUMBER: 10483016
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M P Conoley
Director

Date: 16 September 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
MCA PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

MCA Property Limited (registered number 10483016) is a private company limited by shares and incorporated in England & Wales. 
Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date there was a net deficit of £246,457 (2022 - £445,322).  The director has confirmed that he will continue to the support the company for the foreseeable future.  On that basis the accounts have been prepared on the going concern basis.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MCA PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

  
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Debtors

2023
2022
£
£


Other debtors
352
-

Prepayments and accrued income
-
1,718

352
1,718



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
2,392

Other creditors
243,551
442,273

Accruals and deferred income
3,600
2,500

247,151
447,165


 
Page 4