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REGISTERED NUMBER: 01345975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MCALISTER ESTATES LIMITED

MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,081,194 1,050,464

CURRENT ASSETS
Stocks 487,348 474,516
Debtors 5 29,506 191,009
Cash at bank and in hand 1,001,035 978,069
1,517,889 1,643,594
CREDITORS
Amounts falling due within one year 6 164,503 253,663
NET CURRENT ASSETS 1,353,386 1,389,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,434,580

2,440,395

PROVISIONS FOR LIABILITIES 10,960 5,346
NET ASSETS 2,423,620 2,435,049

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 2,418,620 2,430,049
2,423,620 2,435,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





D J McAlister - Director


MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

McAlister Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01345975

Registered office: Chancery House
3 Hatchlands Road
Redhill
Surrey
RH1 6AA

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


The amounts in the financial statements have been rounded to the nearest £.

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.

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

Turnover represents the net amount invoiced, exclusive of value added tax, for sales of mobile homes and pitch fees and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33.33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price and are subsequently recognised at amortised cost.

The company has no financial assets, financial liabilities measured at fair value or external borrowings. The company is not exposed to risk arising from the interest rate benchmark reform as LIBOR is replaced with alternative benchmark interest rates.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary costs of the future holiday entitlement accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

MCALISTER ESTATES LIMITED (REGISTERED NUMBER: 01345975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 1,028,462 110,738 1,139,200
Additions - 50,607 50,607
Disposals - (31,000 ) (31,000 )
At 30 April 2024 1,028,462 130,345 1,158,807
DEPRECIATION
At 1 May 2023 - 88,736 88,736
Charge for year - 7,199 7,199
Eliminated on disposal - (18,322 ) (18,322 )
At 30 April 2024 - 77,613 77,613
NET BOOK VALUE
At 30 April 2024 1,028,462 52,732 1,081,194
At 30 April 2023 1,028,462 22,002 1,050,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,449 10,704
Other debtors 19,057 180,305
29,506 191,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,036 96,853
Taxation and social security 72,765 83,404
Other creditors 82,702 73,406
164,503 253,663

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 April 2023 the amounts owed by directors was £Nil (2023: £69,732). During the year repayments totalling £69,732 have been made. The loan is unsecured and repayable on demand. Interest totalling £527 was charged on the loan.