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REGISTERED NUMBER: 09880017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P Mackenzie
R Mackenzie
A A Renn





REGISTERED OFFICE: Stoneleigh Abbey Mews
Stoneleigh Abbey
Kenilworth
Warwickshire
CV8 2LF





REGISTERED NUMBER: 09880017 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,417 1,417
1,417 1,417

CURRENT ASSETS
Debtors 6 936,061 552,871
Cash at bank and in hand 5,752 28,588
941,813 581,459
CREDITORS
Amounts falling due within one year 7 723,658 790,962
NET CURRENT ASSETS/(LIABILITIES) 218,155 (209,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,572

(208,086

)

CREDITORS
Amounts falling due after more than one
year

8

1,765

2,667
NET ASSETS/(LIABILITIES) 217,807 (210,753 )

CAPITAL AND RESERVES
Called up share capital 105 100
Retained earnings 217,702 (210,853 )
SHAREHOLDERS' FUNDS 217,807 (210,753 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

BALANCE SHEET - continued
30 NOVEMBER 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 2 October 2024 and were signed on its behalf by:





P Mackenzie - Director


MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Mackenzie Developments (Warwickshire) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
When the outcome of a transaction can be estimated reliably, turnover from management charges is recognised by the stage of completion of work obligated to the company. Stage of completion is recognised by the amount of work completed on property development for the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 28,283 10,548 38,831
DEPRECIATION
At 1 December 2022
and 30 November 2023 28,283 10,548 38,831
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - - -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1,417
NET BOOK VALUE
At 30 November 2023 1,417
At 30 November 2022 1,417

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Land at Grevel Land 1 SPV Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Makestone Strategic Land Ltd
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

Land at The Warwickshire 1 SPV Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

Elm Farm SPV Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

Stoneleigh Road SPV Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

The Hoo Chipping Campden SPV Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

Land at Loxley Road SPV Limited
Registered office:
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary 100.00

Cedar Brook Capital Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 75.00

Upper Townhouse Longborough SPV Ltd
Registered office:
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary 82.00

MACKENZIE DEVELOPMENTS (WARWICKSHIRE)
LTD (REGISTERED NUMBER: 09880017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Little Rissington SPV Limited
Registered office:
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary 100.00

Land at Loxley Road Management Co Ltd
Registered office:
Nature of business: Residents property management
%
Class of shares: holding
Ordinary 85.70

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 936,061 40,544
Other debtors - 511,794
VAT - 533
936,061 552,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,000 1,000
Other loans 415,099 308,599
Amounts owed to group undertakings 18,902 330,718
Corporation tax 89,510 20
Social security and other taxes 39 13,453
VAT 66 -
Other creditors - 10,000
Pension - 1,002
Directors' current accounts 195,196 122,868
Accrued expenses 3,846 3,302
723,658 790,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,000 1,000
Bank loans - 2-5 years 765 1,667
1,765 2,667