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REGISTERED NUMBER: 10045335 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st March 2024

for

M C Beattie Property Limited

M C Beattie Property Limited (Registered number: 10045335)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


M C Beattie Property Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: M C Beattie
Mrs C G Beattie





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 10045335 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

M C Beattie Property Limited (Registered number: 10045335)

Abridged Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,303,000 1,303,000

CURRENT ASSETS
Debtors 17,010 22,140
Cash at bank 47,601 128,475
64,611 150,615
CREDITORS
Amounts falling due within one year 37,380 32,841
NET CURRENT ASSETS 27,231 117,774
TOTAL ASSETS LESS CURRENT LIABILITIES 1,330,231 1,420,774

CREDITORS
Amounts falling due after more than one year 958,033 1,069,586
NET ASSETS 372,198 351,188

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Revaluation reserve 5 332,303 332,303
Retained earnings (105 ) (21,115 )
SHAREHOLDERS' FUNDS 372,198 351,188

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

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2024 and were signed on its behalf by:



Mrs C G Beattie - Director


M C Beattie Property Limited (Registered number: 10045335)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

M C Beattie Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 1,303,000
NET BOOK VALUE
At 31st March 2024 1,303,000
At 31st March 2023 1,303,000


Cost
Flat 2, 8 Eagle
Parade
The Old
Bakehouse
Diamond Hill
Development

Total
B/f53,000150,0001,100,0001,303,000
Acquisitions----
Disposals----
Revaluation----
C/f53,000150,0001,100,0001,303,000

In May-22 Diamond Hill Development was valued at £1,100,000 by Rory Mack Associates.
In Feb-23 The Old Bakehouse was valued at £150,000 by Keylettings.

Cost or valuation at 31st March 2024 is represented by:

Totals
£   
Valuation in 2024 1,303,000

5. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 332,303

M C Beattie Property Limited (Registered number: 10045335)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period ended 31st March 2024 the company owed the directors Mr M & Mrs C Beattie £210,932 (2023: £336,345). The loan is interest free and repayable on demand.

7. RELATED PARTY DISCLOSURES

Within other creditors is an amount of £75,655 (2023: £69,686) owed to Tonertastic Limited. Both C G Beattie and M C Beattie are Directors of this company.